Sweden's Bilia Q2 profit and margin rise, helped by service, car businesses
Sweden's Bilia Q2 profit and margin rise, helped by service, car businesses
Overview
Sweden automotive retailer's Q2 net turnover rose yr/yr, with higher operational earnings
Company's Q2 operating profit and margin increased, driven mainly by Sweden
Q2 net profit and EPS rose compared to last year
Outlook
Bilia did not provide specific guidance or outlook for future quarters or the full year
Result Drivers
SERVICE AND CAR BUSINESS - Co said both Service Business and Car Business reported higher results in Q2
GEOGRAPHIC CONTRIBUTION - Co attributed higher operational earnings mainly to Sweden, with Norway and Western Europe also reporting higher earnings
Company press release: ID:nMFN99kr8v
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| SEK 10.91 bln |
|
Q2 EPS |
| SEK 2.50 |
|
Q2 Net Income |
| SEK 230 mln |
|
Q2 Adjusted Free Cash Flow |
| SEK 546 mln |
|
Q2 Operating Profit |
| SEK 362 mln |
|
Q2 Operational Earnings |
| SEK 411 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 SEK160.00, about 10.3% above its July 16 closing price of SEK145.00
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 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.)