Overview
Sweden automotive retailer's Q1 revenue declined slightly yr/yr, but operational earnings increased
Net profit and EPS for Q1 rose compared to last year
Q1 operating cash flow fell sharply from prior year
Outlook
Company did not provide specific guidance or outlook for the current or future periods
Result Drivers
SWEDEN PERFORMANCE - Higher operational earnings mainly driven by improved results in Sweden
NORWAY CONTRIBUTION - Norway also reported a higher result, supporting overall operational earnings growth
WESTERN EUROPE WEAKNESS - Western Europe reported a somewhat lower result compared to previous year
Company press release: ID:nMFN5VSVy4
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 9.61 bln
Q1 EPS
SEK 2.11
Q1 Net Income
SEK 194 mln
Q1 Adjusted Free Cash Flow
SEK 20 mln
Q1 Operating Profit
SEK 329 mln
Q1 Operational Earnings
SEK 382 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 SEK145.00, about 18.8% above its April 28 closing price of SEK122.10
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)