AI interim report Q1 2020 1
INTERIM REPORT 2020 | I.A. HEDIN BIL AB | 1 JANUA
RY - 31 MARCH Note 1 Reporting standards The Interim report for the group has been prepared according to IAS 34 Interim Financial Reporting. The same accounting policies and calculation methods have been applied as in the most recent annual report. Note 2 Operating segments Hedin Bil refers to the sale of new and pre-owned vehicles and aftersales service activities in Sweden under the brand of Hedin Bil. Bavaria refers to the sale of new and pre-owned vehicles and aftersales service activities in Norway and Sweden under the brand of Bavaria. Belgium refers to the sale of new and pre-owned vehicles and aftersales service activities in Belgium under the brand of Hedin Automotive. Vehicle sales cover the sale of new and pre-owned passenger cars, commercial vehicles and trucks, including commission income from financing and insurance. After-market covers service, workshop services and workshop products and spare parts. The effects of IFRS16 are reported under “Segment reconciliation”. Operating segments Hedin Bil 2020 Net sales EBITDA Depreciation Operating profit Financial items Profit before tax Tax expense Profit of the period Investments in - fixed assets - Leasing vehicles 10,827 263,991 14,097 217,138 8,548 89,006 4,308 150,866 13,330 7,458 0 359 32,705 352,997 26,222 368,004 2,832,243 142,916 -104,099 38,817 2019 3,229,725 108,742 -85,011 23,731 Bavaria 2020 1,909,060 106,047 -48,873 57,174 2019 1,483,494 83,360 -55,410 27,950 Belgium 2020 902,494 20,499 -17,300 3,199 2019 615,866 26,191 -9,527 16,664 Segment reconciliat ion 2020 0 145,818 -135,149 10,669 Group 2019 0 137,580 -128,953 8,627 2020 5,643,797 415,280 -305,421 109,859 -67,365 42,494 -9,289 33,205 2019 5,329,085 355,873 -278,901 76,972 -54,715 22,257 -5,612 16,645 Operating segments Net sales EBITDA Depreciation Operating profit Financial items Profit before tax Tax expense Profit of the period Investments in - fixed assets - Leasing vehicles 11,587 352,997 8,653 368,004 21,118 17,569 32,705 352,997 26,222 368,004 Vehicle sales 2020 4,932,646 186,498 -142,678 43,820 2019 4,719,500 150,324 -125,173 25,151 After market 2020 1,120,722 83,483 -28,113 55,370 2019 990,787 68,571 -25,377 43,194 Segment reconciliat ion 2020 -409,571 145,299 -134,630 10,669 Group 2019 -381,202 136,978 -128,351 8,627 2020 5,643,797 415,280 -305,421 109,859 -67,365 42,494 -9,289 33,205 2019 5,329,085 355,873 -278,901 76,972 -54,715 22,257 -5,612 16,645 14