Sweden's Bilia Q3 operational earnings rise on stable service business demand

Bilia AB

Today 07:16

Overview
Sweden automotive retailer's Q3 net turnover rose slightly yr/yr
Operational earnings increased, driven by Sweden and Norway
Q3 profit and EPS declined due to prior-year property sale gain

Outlook
Company did not provide specific guidance or outlook for the coming quarters

Result Drivers
REGIONAL PERFORMANCE - Higher operational earnings in Sweden and Norway offset weaker results in Western Europe
MARGIN IMPROVEMENT - Operating margin rose to 3.3% from 2.9%
SEGMENT GAINS - Both Service Business and Car Business reported higher earnings and margins

Company press release: ID:nMFN2bKvCN

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
SEK 9.96 bln
 
Q3 EPS
 
SEK 2.02
 
Q3 Net Income
 
SEK 185 mln
 
Q3 Adjusted Free Cash Flow
 
SEK 479 mln
 
Q3 Operating Profit
 
SEK 326 mln
 
Q3 Operational Earnings
 
SEK 380 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "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 SEK167.50, about 16.9% above its October 22 closing price of SEK143.30
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
Oct 21 - Auto retailer Lithia & Driveway's Q3 results beat on demand for used vehicles
Oct 23 - Sweden's Volvo Cars Q3 revenue drops; plans job cuts
Oct 23 - Sweden's Volvo Q3 revenue rises 8%, but misses estimates

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.)