Kepler ups Bilia to 'buy' after Q2 earnings beat

Volvo AB

20/07/2026 11:20

** Kepler Cheuvreux upgrades Swedish car dealer Bilia BILIA.ST to "buy" from "hold", citing improved earnings visibility after a solid Q2 earnings beat on Friday
** The brokerage says car business earnings, helped by higher new-car deliveries and improved used-car profitability, were the main positive surprise
** Kepler says it expects "the new KIA brand and truck service to be supportive in the longer term" and raises 2026-2027 estimates for the company after sharp cash flow improvements
** It expects Bilia's service business to become more important in the future and to represent more than 70% of its EBIT
** Last year's acquisition of the Rejmes platform creates long-term opportunities for Bilia to expand Volvo VOLVb.ST truck service across nine facilities in central Sweden, Kepler adds
** Out of five analysts that cover Bilia, three rate the stock "strong buy" or "buy" and ​two "hold" - LSEG data

(Reporting by Marta Frackowiak)
((marta.frackowiak@thomsonreuters.com))