BILI A Bilia AB Series A

Closing of acquisition of BMW and MINI dealer in Belgium

Closing of acquisition of BMW and MINI dealer in Belgium



On 3 September 2018 Bilia reached an agreement to acquire a BMW and MINI dealer in Flandern, Belgium. The operations are run in the companies

Verstraeten NV and Gent Store by Verstraeten BVBA. The agreement was subject to approval by the Belgian Competition Authority, which approved the acquisition on

20 November 2018.

The acquisition was closed today.  

Gothenburg, 3 December 2018

Bilia AB (publ)

For further information, please contact CEO Per Avander or CFO Kristina Franzén,

Bilia AB, tel: 0.

___________________________________________________________________________________________________________________

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.

Attachment

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03/12/2018

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Reports on Bilia AB Series A

Bilia AB: 1 director

A director at Bilia AB bought 30,000 shares at 121.310SEK and the significance rating of the trade was 57/100. 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 sho...

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
  • Simen Aas

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
  • Simen Aas

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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