AI Annual Report 2019 1
2019 IN BRIEF • On January 17, Hedin Örebro Bil A
B opened a dealership for Jaguar and Land Rover in Örebro. • On February 12, Bavaria Haugesund AS acquired 51% of the shares of MPS Micropaint Haugesund AS. The company’s operations consist of the maintenance and reparation of vehicles. • On February 18, Hedin Belgien Bil AB acquired a paint and body shop in connection to the car dealership in Lier, Belgium. • GS Bildeler AS acquired 91% of the stocks in EBC Brakes Norge AS as of February 26. EBC Brakes is a whole sales agent of brakes and and auto detailing supplies for cars and motorcycles. • On March 22, Hedin Stockholm AB communicated that DS Automobiles expands to also include Malmö Jägersro. • Hedin Stockholm Bil AB expanded the commercial vehicle operations by moving it from Kista to both Spånga and Akalla on March 27. • April 10 marked the launch of Hedin Auction. It is a Swedish net-auction site for car retailers that focuses on the used Hedin vehicles that are not sold to end consumers. The solution gives transparency and market prices for all parties involved. • On June 7, Bavaria Norge AS agreed to acquire three BMWdealerships in Ålesund, Molde and Kristiansund in Norway from Brages Bil AS. The transaction was closed on August 14. • On August 21, Hedin Belgien Bil AB acquired two Mercedes-Benz full-service facilities located between Antwerp and Gent. • On August 22, Hedin Belgien Bil AB agreed to acquire a Mercedes-Benz full-service facility located between Antwerp and Brussels. The acquisition was completed on September 16. • September 17 marks the grand opening of Porsche Center in Kristiansand, Norway. • October 10 marks the grand opening of a new Porsche Center in Jönköping. • October 14 marks the grand opening of a new KIA dealership in Tagene outside of Göteborg. • On October 17, a MoU was signed with the Chinese electric hybrid manufacturer BYTON, regarding sales in the Norwegian market through Hedin Automotive AS. • On November 31, the dealership owned by Hedin Örebro Bil AB in Norrköping was closed. • On December 1, the assets and liabilities of a FordStore-site in Västerås is acquired from HermiBil i Mälardalen AB after their recent liquidation. The site in Västerås is the eighth owned by Hedin Mölndal Bil AB. THE GROUP IN FIGURES Amount in thousand SEK (kSEK) Net sales 2019 Profit after financial items Total assets Return on equity % Equity ratio % Equity ratio % exklusive IFRS 16 Average number of employees Definitions see page 70 22,301,382 147,954 14,322,954 12 9 13 2,733 2018 21,043,340 112,964 7,681,509 12 15 15 2,450 2017 12,657,046 143,781 6,350,213 18 17 17 1,711 2016 9,744,132 166,138 2,294,509 22 27 27 1,434 2015 8,075,853 158,553 2,169,985 20 28 28 1,183 22,301 NET SALES (MSEK) 148 RESULT (MSEK) I.A. HEDIN BIL AB / ANNUAL REPORT / 2019 7