2021-Q1-Hedin-Bil-engelska 1
Events first quarter • Modins Bil AB was acquired
on February 5. The company is a Ford dealer in Uppsala. • Net sales increased by 17 percent to MSEK 6,589 (MSEK 5,644). • Operational earnings increased to 254 MSEK (MSEK 130), an increase of 96 percent. • Operating profit increased by MSEK 125 to MSEK 235 (MSEK 110). • Profit before tax increased to MSEK 190 (MSEK 42) Events after the first quarter • Hedin Group has appointed been distributor for MG, a Chinese brand for electric vehicles. Sales will be performed by dealerships within I.A. Hedin Bil Group. The brand was launched on the Swedish market at April 24, 2021. • Hedin Stockholm Bil AB acquired a business in Segeltorp, Stockholm with sales of Subaru at May 3. The premises at Smista Allé will be changed to a MG store. • Uncertainty remains regarding the development of Covid-19 and the future impact on the operations. We continuously monitor the development and consider ourselves to be well prepared for different scenarios. Key Figures Amounts in kSEK 1st quarter 2021 Net Sales Operational earnings Margin % Operating profit Operating margin % Profit/loss before tax Equity ratio % Equity ratio %, excluding IFRS 16 Average number of employees Definitions Equity ratio: Equity including subordinated shareholder loans in relation to total assets. Operational earnings: Operating profit excluding items affecting comparability and amortization in surplus values. 6,589,219 254,102 3.9 235,320 3.6 190,067 13 19 2,921 Year 2020 5,643,797 129,569 2.3 109,859 1.9 42,494 9 14 2,802 2020 24,063,914 804,737 3.3 728,527 3.0 511,445 11 17 2,651 6 INTERIM REPORT Q1 2021 | I.A. HEDIN BIL AB | 1 JANUARI – 31 MARS