Hedin Mobility (HEDIN) Q1 2026 earnings summary

Executive summary

• Net sales fell 13% year-over-year to SEK 20,112 million due to weak vehicle sales, especially in the first two months of 2026.

• Operational earnings dropped to SEK -174 million from SEK 103 million, with cost measures unable to offset lower volumes and margins.

• Operating profit was SEK -239 million, and net loss widened to SEK -429 million compared to SEK -222 million last year.

• Order intake improved towards quarter-end, resulting in a higher order backlog year-over-year.

• A 15-month bond extension, extended bank facilities, and a SEK 500 million capital contribution were completed to strengthen liquidity.

Financial highlights

• Net sales: SEK 20,112 million (down 13% year-over-year).

• Operational earnings: SEK -174 million (margin -0.9%).

• Operating profit: SEK -239 million (margin -1.2%).

• Net loss: SEK -429 million.

• Cash flow from operating activities: SEK 771 million.

• Total assets: SEK 48,008 million; net debt decreased by SEK 466 million.

Outlook and guidance

• Market remains uncertain with subdued demand, but order intake and backlog improved in March and April.

• Continued focus on cost control, stock levels, and operational execution.

• Too early to confirm a broader market recovery.