BILI A Bilia AB Series A

Bilia acquires British Motor Group, a full-service operation for Jaguar & Land Rover in Sweden

Bilia acquires British Motor Group, a full-service operation for Jaguar & Land Rover in Sweden

Bilia has entered into an agreement to acquire British Motor Group AB. The business is conducted in two facilities located in Danderyd and Smista, Stockholm. British Motor Group consists of two modern full-service facilities with sales and service. The deal is expected to take place in 2024 and is conditional an approval from the competition authority.

During 2022 sales amounted to approximately SEK 450Mkr in 2021, with an operating margin of 1.1 per cent. The number of employees was 45 people at the end of 2022. The CEO of the business will remain within the company.

"I am very pleased and happy that Bilia now complement the Swedish operations with the brands Jaguar and Land Rover. British Motor Group exists of two facilities in geographically good areas in Stockholm, where we will offer customers high-quality services," says Per Avander, CEO Bilia AB.

Gothenburg, October 26, 2023

Bilia AB (publ)

For information please contact:

Carl Fredrik Ewetz, Investor Relations, +46 (0)10 497 07 73,

Per Avander, Managing Director and CEO, +46 (0)10 497 70 00,

Kristina Franzén, CFO, +46 (0)10 497 73 40,

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 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.

 

Attachment



EN
26/10/2023

Underlying

BILI ABilia AB Series A

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Bilia AB Series A

Simen Aas
  • Simen Aas
Free Trial
BILI A Bilia AB Series...

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.

BILI A BILIA AB SERIES A
02/05/25 February 5, 2025 1 EN
Simen Aas
  • Simen Aas
Free Trial
BILI A Bilia AB Series...

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.

BILI A BILIA AB SERIES A
02/05/25 February 5, 2025 1 EN
Simen Aas
  • Simen Aas
Free Trial
BILI A Bilia AB Series...

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.

BILI A BILIA AB SERIES A
01/09/25 January 9, 2025 1 EN
Simen Aas
  • Simen Aas
Free Trial
BILI A Bilia AB Series...

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.

BILI A BILIA AB SERIES A
10/23/24 October 23, 2024 1 EN
Simen Aas
  • Simen Aas
Free Trial
BILI A Bilia AB Series...

Bilia AB (Buy, TP: SEK150.00) - Recovery likely pushed to 2025

We are cautious ahead of the Q3 report, as a likely recovery in car earnings is pushed to 2025e, while we expect service earnings to be flattish on still-restrained consumer sentiment near-term. Nevertheless, with c+40% EPS growth in 2025e on a forecast new-car market recovery next year, we remain positive on the stock. We reiterate our BUY but have cut our target price to SEK150 (160), mainly on lower estimates.

BILI A BILIA AB SERIES A
09/18/24 September 18, 2024 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch