Hedin Mobility (HEDIN) Q3 2026 earnings summary

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.