Hedin Mobility (HEDIN) Q4 2025 earnings summary

Executive summary

• Net sales for the full year 2025 decreased by 3% to MSEK 89,630 compared to 2024, with operational earnings dropping to MSEK 132 from MSEK 419.

• The market remained weak, especially for new vehicles, while used vehicle sales increased but with low margins.

• Cost-saving and efficiency measures reduced operating expenses by MSEK 1,500, and net debt was lowered by about MSEK 1,000.

• The company expects continued market challenges in the first half of 2026, with potential improvement in the second half.

Financial highlights

• Net sales: MSEK 89,630 (down 3% year-over-year); Q4 net sales: MSEK 22,326 (down 7%).

• Operational earnings: MSEK 132 (down from 419); Q4 operational earnings: MSEK -206 (down from 114).

• Operating profit: MSEK -135 (down from -55); Q4 operating profit: MSEK -314 (down from 64).

• Net loss for the year: MSEK -1,143 (compared to -1,157 in 2024).

• Cash flow from operating activities: MSEK 2,019 (stable year-over-year).

Outlook and guidance

• Market expected to remain challenging in H1 2026, with possible improvement in H2.

• Focus remains on cost control, margin improvement, and optimizing operations.