Second quarter 2020

Higher profit despite partial business closures in Western Europe

Second quarter 2020

• Net turnover amounted to SEK 6,777 M (7,426), a decrease of 9 per cent.
• Operational earnings amounted to SEK 335 M (306).
• The improvement was attributable to the Service Business in Sweden and Norway. Performance in Western Europe was adversely impacted by partial business closures due to COVID-19 restrictions. 
• Profit for the period amounted to SEK 213 M (203) and earnings per share to SEK 2.15 (2.05).
• Operating cash flow amounted to SEK 1,471 M (337) and was positively affected by significantly lower stock.
  

First six months 2020

• Net turnover amounted to SEK 14,227 M (14,300).
• Operational earnings amounted to SEK 614 M (544).
• Profit for the period amounted to SEK 380 M (357) and earnings per share to SEK 3.80 (3.55).
• Operating cash flow amounted to SEK 1,729 M (679).

Events after the balance sheet date

• Since the end of the quarter, the spread of COVID-19 appears to have slowed somewhat in the countries where we operate, but it does of course remain an uncertainty factor for the second half of the year.

 

For further information please contact:

Per Avander, Managing Director and CEO, [phone], [e-mail]
Kristina Franzén, CFO, [phone], [e-mail]

Gothenburg, 29 July 2020
Bilia AB (publ)
Board of Directors and Managing Director

This is information that Bilia AB (publ) is obliged to make public pursuant to the EU’s Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, on 29 July 2020, at 08:30 CEST.

Bilia is one of Europe’s largest car dealership chains, with a leading position in servicing and sales of cars and transport vehicles plus supplementary services such as financing and insurance. Bilia has about 140 facilities in Sweden, Norway, Germany, Luxembourg and Belgium plus two online auction sites, one in Sweden and one in Norway.

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. The Service Business comprises workshop services, spare parts, store sales and e-commerce.

Bilia’s Car Business comprises sales of both new and used cars and transport vehicles, plus supplementary services such as financing and insurance. Bilia sells cars from Volvo, BMW, Toyota, Renault, Lexus, MINI, Dacia and Alpine and transport vehicles from Renault, Toyota and Dacia.

Bilia’s Fuel Business comprises fuel sales and car washes.

Attachment

• Second quarter 2020