Bilia AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 26, 2022 at 11:30 am IST
Share
Bilia AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was SEK 7,291 million compared to SEK 8,129 million a year ago. Net income was SEK 285 million compared to SEK 325 million a year ago. Basic earnings per share from continuing operations was SEK 3.14 compared to SEK 3.35 a year ago. Diluted earnings per share from continuing operations was SEK 3.12 compared to SEK 3.35 a year ago.
For the nine months, sales was SEK 24,920 million compared to SEK 26,875 million a year ago. Net income was SEK 1,264 million compared to SEK 1,108 million a year ago. Basic earnings per share from continuing operations was SEK 13.54 compared to SEK 11.3 a year ago. Diluted earnings per share from continuing operations was SEK 13.52 compared to SEK 11.3 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.