Bilia AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 21, 2023 at 02:00 am EDT
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Bilia AB (publ) reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was SEK 9,826 million compared to SEK 8,945 million a year ago. Net income was SEK 262 million compared to SEK 385 million a year ago. Basic earnings per share from continuing operations was SEK 2.85 compared to SEK 4.15 a year ago. Diluted earnings per share from continuing operations was SEK 2.84 compared to SEK 4.15 a year ago.
For the six months, sales was SEK 19,698 million compared to SEK 17,629 million a year ago. Net income was SEK 513 million compared to SEK 979 million a year ago. Basic earnings per share from continuing operations was SEK 5.58 compared to SEK 10.4 a year ago. Diluted earnings per share from continuing operations was SEK 5.57 compared to SEK 10.4 a year ago.
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 
