Improved result in Norway and a strong cash flow
Second quarter 2024
• Net turnover amounted to SEK 10,568 M (9,826), an increase of 8 per cent.
• Operational earnings amounted to SEK 410 M (444).
• The lower operational earnings for the quarter were mainly attributable to the Car Business in Sweden, while Norway reported significantly higher results and Western Europe's results were in line with the previous year.
• Operating profit amounted to SEK 343 M (394).
• Net profit for the period amounted to SEK 206 M (262). Earnings per share amounted to SEK 2.24 (2.85).
• Operating cash flow amounted to SEK 423 M (519).
First six months 2024
• Net turnover amounted to SEK 19,939 M (19,698), an increase of 1 per cent.
• Operational earnings amounted to SEK 743 M (875).
• The lower operational earnings for the first six months of the year were attributable to the Car Business in Sweden, while Western Europe reported higher results and Norway's results were in line with the previous year.
• Operating profit amounted to SEK 630 M (774).
• Net profit for the period amounted to SEK 362 M (513). Earnings per share amounted to SEK 3.94 (5.58).
• Operating cash flow amounted to SEK 823 M (211).
Gothenburg, July 18, 2024
Bilia AB (publ)
Contacts
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 information is information that Bilia is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-07-18 08:00 CEST.
About Us
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 170 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, Range Rover, Defender, Discovery and XPENG as well as transport vehicles from Toyota, Mercedes-Benz, Volkswagen and Nissan and trucks from Mercedes-Benz.
Bilia's Fuel Business?comprises fuel sales and car washes in Sweden.
