Delårsrapport Q2 - 2018 Hedin Bil (eng) 1
I.A. HEDIN BIL AB SECOND QUARTER HIGHLIGHTS • • O
n April 1, Hedin Belgien Bil AB acquired seven Mercedes-Benz automotive dealerships in and around Ghent in Belgium. The business was acquired from Daimler and includes sales and aftermarket service of Mercedes-Benz passenger cars, commercial vehicles and trucks. On April 16, 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 3. • • • • • • • • The new Flagship Ford Store Hedin Bil Segeltorp opened on April 19. On April 25, Bavaria Sverige Bil AB agreed to acquire Englunds Bil AB, with BMW sales and aftermarket service in Luleå. The acquisition was completed on May 9. The Dodge & RAM Flagship Store in Kungens Kurva, Stockholm opened on May 1. Kia Danderyd opened on June 7th and Kia Norrtälje opened on June 8th. The minority stake in GS Bildeler was acquired by Hedin Automotive Norge AS, now owning 100 percent of the shares. Net sales increased by 106 percent to 6 278 MSEK (3 045 MSEK). Operating profit increased to 147 MSEK (43 MSEK). Profit after financial items increased to 119 MSEK (33 MSEK). Key Figures Amounts in kSEK Net turnover Profit after financial items Total assets Return on equity % Equity ratio % Average number of employees Definitions Return on equity: Profit for the period in relation to average equity Equity ratio: Equity in relation to total assets EVENTS AFTER THE SECOND QUARTER • • • • Second quarter 2018 6 277 795 118 813 46 2017 1 January - 30 June 2018 3 045 333 10 812 948 33 111 18 92 959 7 690 780 18 16 2 461 Year 2017 2 846 477 15 23 1 526 2017 5 771 158 12 657 046 55 542 143 781 6 338 813 18 17 1 711 On July 13th, Bavaria Sverige Bil AB agreed to acquire a BMW and Nissan sales and aftermarket service dealership in Östersund from Ivars Bil in Hoting Aktiebolag. The acquisition is expected to be completed on August 31. Hedin Mölndal Bil AB continues to expand and has agread to open a Ford Hedin Bil dealership in Nacka. This will be the seventh Ford Hedin Bil dealership. On August 22, Hedin Belgien Bil AB completed the acquisition of five Mercedes-Benz passenger car sales and aftermarket service dealerships around Antwerp in Belgium from Andries NV. On August 22, Hedin Belgien Bil AB agreed to acquire two dealerships for Mercedes-Benz passenger cars, commercial vehicles and trucks between Ghent and Antwerp. The deal requires the approval of the Belgian competition authorities. 8 1 APRIL - 30 JUNE I.A. HEDIN BIL AB INTERIM REPORT 2018