I.A. Hedin Bil - Annual Report 2018 1
“During the year, we inaugurated seven dealership
s, established ourselves in 11 new locations, acquired 14 new dealerships and established ourselves in a new country.” 2018 IN BRIEF • • • • • • 1st of April Hedin Belgien Bil AB acquired seven dealerships in and around Ghent, Belgium. On April 17th, Hedin Mölndal Bil AB agreed to acquire Motorcentralen i Eskilstuna AB, including a sales and aftermarket dealership for Ford passenger cars and commercial vehicles. The acquisition was completed on May 3rd. On April 23rd, Bavaria Sverige Bil AB agreed to acquire Englunds Bil AB, with BMW sales and aftermarket dealership in Luleå. The acquisition was completed on May 9th. KC Motors Danderyd opened on June 7th and KC Motors Norrtälje opened on June 8th. The minority stake in GS Bildeler AS was acquired on June 21st by Hedin Automotive AS, now owning 100 percent of the shares. On July 13th, Bavaria Sverige Bil AB agreed to acquire a BMW and Nissan dealership in Östersund, Sweden from Ivars Bil AB. The acquisition was completed on August 31st. • • • • • • Hedin Göteborg Bil AB acquired Skadecenter i Borås AB on September 28th, expanding the aftermarket service and repair center in Borås, Sweden. GS Bildeler AS purchased 67 percent of the shares in Conlogo, a Norweigan import and wholesale company. 1st of November the new concept Hedin Certified was launched, with soul purpose to take the lead in the pre-owned vehicle market. I.A. Hedin Bil AB increased the number of vehicles sold by 31 percent to 78 504 (59 595). Sales increased by 66 percent to MSEK 21 043 (MSEK 12 657). The earnings after financial items decreased to MSEK 113 (MSEK 144) THE GROUP IN FIGURES Belopp i kSEK 2018 Net sales Profit after financial items Total assets Return on equity % Equity ratio % Average number of employees Definitioner see page 51 21 043 340 112 964 7 681 509 12 15 2 450 2017 12 657 046 143 781 6 338 213 18 17 1 711 2016 9 744 132 166 138 2 294 509 22 27 1 434 2015 8 075 853 158 553 2 169 985 20 28 1 183 2014 6 514 601 114 205 2 056 351 15 30 1 113 14 NEW ACQUSITIONS 11 NEW DEALERSHIPS 78 504 RETAILED VEHICLES 66% INCREASED REVENUE I.A. HEDIN BIL AB / ANNUAL REPORT / 2018 9