BILI A Bilia AB Series A

Bilia AB (publ) publishes prospectus and prepares for listing of a bond on Nasdaq Stockholm

Bilia AB (publ) publishes prospectus and prepares for listing of a bond on Nasdaq Stockholm



Bilia AB (publ) (“Bilia”) announced on 4 October 2018 the issue of an unsecured bond loan of SEK 800 M under the framework amount of SEK 1,500 M (the “Bond”). The bond loan has a tenor of five years and a variable interest rate of three-months STIBOR + 140 basis points with final maturity in October 2023.

 

In accordance with the terms of the Bond it is to be listed for trading on the market for corporate bonds at Nasdaq Stockholm. Bilia has applied for listing of the Bond at Nasdaq Stockholm.

Bilia has in relation thereto prepared a prospectus which has been approved by the Swedish Financial Supervisory Authority. The prospectus will be available at Bilia’s website () and the Swedish Financial Supervisory Authority's website ().

Gothenburg, 9 November 2018

Bilia AB (publ)

For further information please contact CEO Per Avander or CFO Kristina Franzén , Bilia AB, tel: 0.

This is information that Bilia AB (publ) is obliged to make public pursuant to the Securities Markets Act and the Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact persons set out above, on 9 November 2018, at 15:00 p.m. CET.

__________________________________________________________________________________________________________________

Bilia offers car sales, service and supplementary services and is one of Europe’s largest car

chains with operations in Sweden, Norway, Germany, Luxembourg and Belgium. Bilia reported a turnover of SEK 27.5 bn in 2017 and had 4,708 employees.

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09/11/2018

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Reports on Bilia AB Series A

Bilia AB: 1 director

A director at Bilia AB sold 4,000 shares at 131.500SEK and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showin...

Simen Aas
  • Simen Aas

Bilia AB (Buy, TP: SEK160.00) - 2025 earnings outlook optimism

The highlights from Q4 were its 20%+ new car order intake (the first time in 14 quarters with a positive YOY trend in its service margin) and the c8% beat on operating earnings. With a gradual improvement among the private consumers, a stronger leasing market for new cars, and a stable service business, earnings growth for 2025 looks promising (we forecast +56% YOY), in our view. We reiterate our BUY, but have raised our target price to SEK160 (145) on the recent revaluation of the stock.

Simen Aas
  • Simen Aas

Bilia AB (Buy, TP: SEK145.00) - Better-than-expected Q4 results

We consider this a positive report for Bilia, including Q4 operating earnings c8% above consensus, a continued recovery in new car sales and stable service levels, but DPS slightly below expectations. We expect consensus 2025e operating earnings to come up c0–2% on the back of the results and a positive share price reaction.

Simen Aas
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Bilia AB (Buy, TP: SEK145.00) - Cautious on Q4e, focus on 2025

We are cautious ahead of Bilia’s Q4 results, as new car registrations for its brands have been soft, along with still-high cost inflation, ongoing investments, and consolidation of recent M&A weighing on opex. Consequently, we expect focus to be on the outlook commentary for 2025. We reiterate our BUY and SEK145 target price, as we continue to find the valuation attractive.

Simen Aas
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Bilia AB (Buy, TP: SEK150.00) - Mixed Q3

We consider this a mixed report for Bilia, including a stronger-than-expected service business offset by a weaker car business, resulting in in-line operating earnings. However, new car order intake was on the soft side, while bookings in its service workshops remain good. We expect consensus 2024e operating earnings to remain largely unchanged, but EPS to come down 3–4%. We expect a neutral share price reaction.

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