Stable results in Sweden and Western Europe
Fourth quarter 2023
- Net turnover amounted to SEK 10,108 M (10,425), a decrease of 3 per cent.
- Operational earnings amounted to SEK 414 M (574).
- Sweden and Western Europe reported stable operational earnings while Norway reported operational earnings of SEK 38 M compared to SEK 180 M previous year.
- Operating profit amounted to SEK 354 M (511).
- Net profit for the period amounted to SEK 250 M (358). Earnings per share amounted to SEK 2.71 (3.89).
- Operating cash flow amounted to SEK 147 M (-116).
Full year 2023
- Net turnover amounted to SEK 38,514 M (35,345), an increase of 9 per cent.
- Operational earnings amounted to SEK 1,623 M (1,906).
- Sweden and Western Europe reported higher operational earnings while Norway reported operational earnings of SEK 177 M compared to SEK 547 M previous year.
- Operating profit amounted to SEK 1,416 M (2,102). The previous year's operating profit included a profit from sale of operations of SEK 368 M.
- Net profit for the period amounted to SEK 931 M (1,622). Earnings per share amounted to SEK 10.12 (17.43).
- Operating cash flow amounted to SEK 627 M (345).
- The board proposes an ordinary dividend of SEK 6.60 per share (8.80) to be distributed on four occasions. Proposed dividend share of earnings per share is in accordance with previous year's levels.
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. The information was submitted for publication, through the agency of the contact persons set out above, at 2024-02-07 08:00 CET.
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 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 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.
