Hedin Mobility (HEDIN) Q2 2025 earnings summary

Executive summary

• Net sales for the first half of 2025 decreased by 1% to MSEK 46,163 compared to the same period last year, with operational earnings rising to MSEK 273 from MSEK 169 year-over-year.

• Operating profit improved to MSEK 165 from a loss of MSEK -273, and net loss for the period narrowed to MSEK -363 from MSEK -770.

• Efficiency programs led to significant cost reductions, with external and personnel expenses down by SEK 260 million in Q2 and cash flow from operating activities up by MSEK 940 million in H1.

• The Board initiated a strategic review to explore growth opportunities, including a potential listing or other strategic transactions.

Financial highlights

• Net sales: MSEK 46,163 (down 1% year-over-year); operational earnings: MSEK 273 (up from 169); operating profit: MSEK 165 (up from -273); net loss: MSEK -363 (improved from -770).

• Cash flow from operating activities: MSEK 1,287 (up from 347); available liquidity: MSEK 1,681.

• Net financial items improved to MSEK -602 from MSEK -656 due to lower interest expenses.

Outlook and guidance

• Market for new cars remains at historically low levels, but increased activity was observed toward the end of Q2.

• Continued focus on efficiency and cost-saving measures to further strengthen earnings and cash flow.

• Strategic review underway to support future growth and enhance shareholder value.