Hedin Mobility (HEDIN) Q1 2025 earnings summary

Executive summary

• Net sales for Q1 2025 decreased by 2% to MSEK 23,072, with a 6% decrease for comparable units after adjustments.

• Operational earnings fell to MSEK 103 from MSEK 151 year-over-year; operating profit improved to MSEK 47 from a loss of MSEK -14.

• Net loss for the period was MSEK -222, an improvement from MSEK -247 in Q1 2024.

• Order intake rose by 8%, with a 12% increase in passenger cars and a 14% decline in light commercial vehicles.

• Operating cash flow surged to MSEK 731 from MSEK 64, reflecting effective cost-saving measures.

Financial highlights

• Net sales: MSEK 23,072 (down 2% year-over-year).

• Operational earnings: MSEK 103 (down from 151); margin 0.4% (0.6%).

• Operating profit: MSEK 47 (up from -14); net loss: MSEK -222 (improved from -247).

• Cash flow from operating activities: MSEK 731 (up from 64).

• Available liquidity: MSEK 1,962.

Outlook and guidance

• Order book entering Q2 2025 is 15% larger than at the start of the year.

• Management expresses optimism due to ongoing transformation and cost initiatives, but notes global economic and political uncertainty.