Q2 2025 Bilia AB Earnings Call Transcript
Key Points
- Bilia AB (LTS:0RQ2) reported a resilient result in turbulent times with higher order intake for new cars.
- The company maintained a solid financial position with positive cash flow.
- Demand for new cars in Norway and Western Europe is growing, with good booking times in workshops.
- The service business in Norway and Western Europe shows positive organic growth.
- Bilia AB (LTS:0RQ2) has successfully integrated new car brands such as XPENG, Polestar, and Lynk & Co into their workshops.
- Lower profitability was reported in Sweden related to used cars and the service business.
- The demand for electrical cars in Sweden is lower, affecting used car prices.
- The total car market in Sweden was almost 20% lower compared to the average market in the last 10 years.
- The service business in Sweden experienced weaker demand, especially in body and paint shops.
- Bilia AB (LTS:0RQ2) reported a lower operating cash flow compared to the previous year.
Good morning, everyone, from sunny Gothenburg, and welcome to Bilia's second quarter results presentation with CEO, Per Avander; CFO, Kristina Franzen; and I, Carl Fredrik Ewetz.
We're happy to present the resilient result in turbulent times with higher order intake for new cars, positive cash flow, a solid financial position and some green shoots in the outlook that I will come back to in the end of the presentation. Our agenda, Per will start to go through the current situation in the car industry, followed by Q2 numbers. Kristina will go through the financial situation and I will conclude, as always, with an outlook.
So let's start. I'll leave the word to Per Avander.
Okay. Thank you very much, Carl Fredrik. And we start with the current market situation. In Sweden, we see signs of better interest in new cars from private consumers. In Norway, we see good demand from private customers, and they are not so affected by the
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