Overview
Europe car service supplier's Q4 operational earnings rose, driven by Norway results
Company's Q4 operating profit increased despite efficiency program costs
Board proposes higher dividend of SEK 6.00 per share
Outlook
Bilia did not provide specific guidance for future quarters or the full year
Result Drivers
NORWAY PERFORMANCE - Higher operational earnings in Q4 were mainly driven by improved results in Norway, with a SEK 56 M increase compared to the previous year
EFFICIENCY PROGRAM - Q4 operating profit included SEK 23 M in costs from an efficiency program, expected to generate annual savings of SEK 150 M
CASH FLOW INCREASE - Operating cash flow in Q4 rose significantly to SEK 675 M, up from SEK 289 M, partly due to property divestments
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
SEK 10.21 bln
Q4 Operational Earnings
SEK 450 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy"
Wall Street's median 12-month price target for Bilia AB is SEK150.00, about 16.3% above its February 4 closing price of SEK129.00
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago
Press Release: ID:nMFN2xkW6d
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)