Hedin Mobility (HEDIN) Q2 2026 earnings summary

Executive summary

• Net sales for the first half of 2026 decreased by 9% year-over-year to MSEK 41,984, with operational earnings dropping sharply to MSEK 2 from MSEK 273.

• Operating profit for the period was negative at MSEK -152, compared to a positive MSEK 165 last year.

• The second quarter showed improvement, with operational earnings rising to MSEK 176 from MSEK -174 in Q1 and a positive operating profit despite lower sales.

• Order intake for new vehicles increased, with the order backlog 20% higher year-over-year and 34% higher than at the start of the year.

• Divestment of Hedin Caetano AB generated a return of approximately MSEK 200 over four years.

Financial highlights

• Q2 net sales decreased by 5% to MSEK 21,872; operational earnings increased to MSEK 176 (170), and operating profit was MSEK 87 (118).

• Net profit/loss for the half-year was MSEK -618, compared to MSEK -363 last year.

• Cash flow from operating activities was MSEK 131 in Q2, down from MSEK 556 in Q2 2025.

• Available liquidity at period end was MSEK 1,546.

• Equity ratio stood at 13% as of June 30, 2026.

Outlook and guidance

• Management notes gradual improvement after a weak start to the year, with cost-saving measures showing effect.

• Focus remains on increasing delivery pace and volumes for both new and used vehicles.

• Continued consolidation and streamlining of operations are expected to further improve profitability.