Q1 2026 Bilia AB Earnings Call Transcript
Key Points
- Bilia AB (LTS:0RQ2) reported a strong financial position with a net turnover of $382 million, an increase from $344 million last year.
- The service business represented 79% of the earnings in the quarter, achieving the best Q1 performance in the company's history.
- There was a 14% increase in order intake for new cars compared to Q1 last year, indicating strong demand.
- The company achieved higher profitability in Sweden and Norway, driven by improvements in the service and new car businesses.
- Bilia AB (LTS:0RQ2) maintained a stable financial position with a net debt to EBITDA ratio of 1.4 times, well within their target of not exceeding 2.0 times.
- The quarter started with low demand for new cars in Sweden and Norway, impacting early sales figures.
- Operating cash flow was lower than normal at SEK20 million due to increased inventory and trade receivables.
- Used car earnings decreased to $38 million from $55 million last year, attributed to lower deliveries.
- Margins in the service business in Norway were slightly down due to one-off costs.
- The company faced challenges with lower net turnover compared to last year, partly due to the agent model and repurchasing commitments.
Welcome to the BILIA Q1 Report for 2026. (Operator Instructions). Now I will hand the conference over to IR Carl Frederick Ewetz. Please go ahead.
Thank you for the introduction and welcome all to BILIA's first quarter results presentation with CEO, Per Avander, CFO, Kristina Franzen, and I, Carl Frederick Ewetz. In addition to releasing our Q1 report today, we're also holding our annual general meeting this afternoon, and therefore, we have the pleasure of having both our Deputy CEO, Stefan Nordstrom, and our Managing Director of our Norwegian operation, Srut de Hebnes, joining us today for the Q&A session.
We're happy to present a good result and a solid financial position. And here is our agenda. Per will start with the current situation in the industry, followed by Q1 numbers. Then Kristina will go through the financial situation, and I will conclude with our outlook. So, by that, I leave the word to our CEO, Per Avander.
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