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Hedin Mobility (HEDIN) investor relations material
Hedin Mobility Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 net sales rose 2% YoY to MSEK 21,494; operational earnings climbed to MSEK 365 from 66, and profit before tax turned positive at MSEK 11.
Earnings improved quarter by quarter after a weak start to 2026, supported by higher margins, lower costs and prioritisation of more profitable brands and operations.
Q3 net loss narrowed to MSEK 4 from MSEK 232; 9M net loss widened to MSEK 623 from MSEK 595.
Financial highlights
Q3 operating profit was MSEK 317 vs. 14; 9M operating profit was MSEK 165 vs. 179.
9M net sales declined 6% to MSEK 63,478; excluding FX effects, sales fell 5%, partly due to reduced operations under the action programme.
Q3 operating cash flow was MSEK 671 vs. 444; 9M operating cash flow was MSEK 1,574 vs. 1,731.
Q3 fixed-asset investment, excluding leasing vehicles and right-of-use assets, was MSEK 141 vs. 233.
Outlook and guidance
Priority is converting the order backlog into deliveries while preserving business quality; continued focus on strict cost control, margins and tied-up capital.
Management expects to consolidate the improvement and strengthen earnings step by step; market conditions remain difficult to assess.
- Net sales fell 9% in H1 2026, but order intake and cost savings signal gradual recovery.HEDIN
Q2 2026 - Net sales fell 3% and operational earnings dropped sharply amid continued market weakness.HEDIN
Q4 2025 - Sales and earnings declined sharply, but order intake and liquidity improved late in Q1.HEDIN
Q1 2026 - Net sales up 18% year-over-year, but sharp margin decline led to a net loss of MSEK -822.HEDIN
Q3 2024 - Sales up 25% but profit turns negative amid weak EV demand and inventory write-downs.HEDIN
Q2 2024 - First annual net loss driven by used EV price declines; cost-saving measures underway.HEDIN
Q4 2024 - Net sales fell 2% but operating profit and cash flow improved amid higher order intake.HEDIN
Q1 2025 - Operational earnings and profit improved despite lower sales, driven by efficiency gains.HEDIN
Q2 2025 - Q3 saw lower sales and profit, but cost savings improved year-to-date operational earnings.HEDIN
Q3 2025
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