I.A. Hedin Bil AB interim report Q2 2020
Hedin Bil delivers a strong quarter with focus on cost savings and liquidity.Gothenburg, 14th of August 2020 Operating profit during the second quarter was 108 MSEK, which was an improvement of 137 percent compared to last year’s second quarter. Net sales in comparable units decreased by 3 percent compared to the same period last year. The operations in Hedin Bil and Bavaria, the latter also including the Norwegian business, improved both operating profit and operating margin. The Belgian operations showed a loss due to the temporary close down of the Belgian market, while still