Stable results and improved cash flow
Third quarter 2023
- Net turnover amounted to SEK 8,708 M (7,291), an increase of 19 per cent.
- Operational earnings amounted to SEK 335 M (334).
- Sweden and Western Europe reported higher operational earnings while Norway reported SEK 53 M lower operational earnings compared to the previous year.
- Operating profit amounted to SEK 288 M (386). The previous year's operating profit included a profit from sale of operations of SEK 92 M.
- Net profit for the period amounted to SEK 169 M (285). The previous year's net profit included a profit after tax from sale of operations of SEK 80 M. Earnings per share amounted to SEK 1.83 (3.14).
- Operating cash flow amounted to SEK 269 M (-133).
Nine months 2023
- Net turnover amounted to SEK 28,406 M (24,920), an increase of 14 per cent.
- Operational earnings amounted to SEK 1,209 M (1,332).
- Sweden and Western Europe reported higher operational earnings while Norway reported SEK 228 M lower operational earnings compared to the previous year.
- Operating profit amounted to SEK 1,062 M (1,591). The previous year's operating profit included a profit from sale of operations of SEK 369 M.
- Net profit for the period amounted to SEK 682 M (1,264). The previous year's net profit included a profit after tax from sale of operations of SEK 346 M. Earnings per share amounted to SEK 7.41 (13.54).
- Operating cash flow amounted to SEK 480 M (461).
Gothenburg, October 24, 2023
Bilia AB (publ)
For information please contact:
Carl Fredrik Ewetz, Investor Relations, +46 (0)10 497 07 73, carl.fredrik.ewetz@bilia.se
Per Avander, Managing Director and CEO, +46 (0)10 497 70 00, per.avander@bilia.se
Kristina Franzén, CFO, +46 (0)10 497 73 40, kristina.franzen@bilia.se
This is information that Bilia AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on October 24 2023, at 08:00 o'clock CEST .
Bilia is one of Europe's largest full-service suppliers for everything related to car ownership, with a leading position in servicing and sales of cars, transport vehicles and trucks. We offer service, repair, fuel, car wash, rental cars, tyres and wheels, rim repair, car accessories, car care, paint work, windscreen replacements, car dismantling and more. Bilia has about 160 facilities in Sweden, Norway, Luxembourg and Belgium plus one auction site in Sweden.
Bilia's Service Business comprises a well-developed range of services and service concepts that are continuously developed to simplify car ownership for the customers. Bilia offers accessories and spare parts, original services and repairs, tyre hotels, rim repair, car glass repair along with other workshop services, store sales and e-commerce.
Bilia's Car Business comprises sales of new and used cars, transport vehicles and trucks, plus supplementary services such as financing and insurance. Bilia sells cars from Volvo, BMW, Mini, Toyota, Lexus, Mercedes-Benz, Porsche, Volkswagen, Audi, Skoda, Seat, Cupra, Nissan, Jaguar, Land Rover, XPENG, Renault, Dacia and Alpine as well as transport vehicles from Toyota, Mercedes-Benz, Volkswagen, Nissan and Renault and trucks from Mercedes-Benz.
Bilia's Fuel Business comprises fuel sales and car washes in Sweden.
