BILI A Bilia AB Series A

Grand opening of Bilia XPENG in Gothenburg

Grand opening of Bilia XPENG in Gothenburg

On October 27, we have our Grand opening of Bilia's new XPENG facility in Gothenburg, Sisjön. XPENG's first two models in Sweden – the sports sedan P7 and the SUV G9 will be on site, and we will also show the unique prototype X2, XPENG's flying car.

Our product specialists look forward to delivering a modern, digitalized, and personalized customer experience. This means everything related to the car ownership from advice, test drives, orders, deliveries to changing tires and performing service, etc.

"Now we are finally opening the doors to our own showroom after a summer and autumn with temporary showings at various locations in Gothenburg. The interest has been significant, and it feels good that our customers now can come directly to us for advice, test drive the cars, place orders and book service. This is what Bilia is all about - we take care of our customers’ needs within mobility. The next step in our establishment of Bilia XPENG in Sweden will likely be in Malmö," says Per Avander, CEO Bilia AB.

"The opening of Bilia's facility in Gothenburg is a milestone in XPENG's expansion in Sweden. With deliveries of the XPENG P7 and G9 underway, another XPENG facility in Sweden is a natural step for us. The cars have been well-received and with Bilia's recognized high-quality service, we further strengthen our position in the Swedish market", says Elvis Cheng, CEO of Sweden and Benelux at XPENG.

XPENG's first two models in Sweden – the sports sedan P7 and the SUV G9, stand out in terms of both range, efficient fast charging and outstanding technology. In connection with the opening, we look forward to the first deliveries of the G9 model to Gothenburg.

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, XPENG, Renault, Dacia and Alpine as well as transport vehicles from Toyota, Mercedes-Benz, Volkswagen, Nissan and Renault and trucks from Mercedes-Benz.

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

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26/10/2023

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Reports on Bilia AB Series A

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.

Simen Aas
  • Simen Aas

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.

Simen Aas
  • Simen Aas

Bilia AB (Buy, TP: SEK160.00) - On the right track despite mixed Q2

While the car business’s operating earnings beat consensus on a recovering Norwegian market, the service business missed consensus by c8% with Sweden weighed down by start-up and implementation costs for workshop and new operations. We still expect high campaign activity to boost new car sales in Q3, and the used car and service business to perform well in H2. We reiterate our BUY and SEK160 target price.

Simen Aas
  • Simen Aas

Bilia AB (Buy, TP: SEK160.00) - Soft Q2

We consider this a weak report for Bilia, including operating earnings below consensus and somewhat soft new car order intake. We expect consensus 2024e operating earnings to come down c2–4% on the back of the report and expect a negative share price reaction.

Simen Aas
  • Simen Aas

Bilia AB (Buy, TP: SEK160.00) - Expecting resilient service business i...

We are neutral on Bilia’s Q2 results (due at 07:00 CET on 18 July), expecting still-strong results in the service business to offset the earnings headwind in its car business given weak Nordic consumer sentiment. We believe investor focus will be on comments on the timing of a market recovery (we expect H2), and continue to see earnings momentum in 2025. We reiterate our BUY, and have raised our target price to SEK160 (148) after rolling forward our valuation to 2025–2026e.

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