Bilia AB Provides Earnings Guidance for the Third Quarter of 2020
September 18, 2020 at 02:00 am EDT
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Bilia AB (publ) provided earnings guidance for the third quarter of 2020. For the quarter, the company expected operational earnings to be in the range of SEK 340 million to SEK 360 million, compared with SEK 280 million for the third quarter 2019. The demand within the Service business has remained on a good level during the third quarter.
Bilia AB is a Sweden-based company active in the automotive industry. Bilia is one of Europeâs full-service suppliers, for everything related to car ownership, with a position within service and sales of cars, transport vehicles and trucks. It is engaged in the sales and servicing of passenger cars and transport vehicles, as well as in the provision of related services. The Companyâs operations are divided into three business areas. The Service business area includes workshop services, spare parts and accessories. The Service Business is the main contributor to profit with approximately 60 percent of operational earnings. The Car business area includes sales of new and used cars and customer financing. The Fuel business area includes sales of fuels in Sweden. Bilia has about 160 facilities in Sweden, Norway, Luxembourg and Belgium. In addition, Bilia has an auction site in Sweden. The Company sells cars made by Volvo, BMW, Ford, Renault, Hyundai, Mini, Dacia and Toyota.
BILIA AB 
