Bilia (BILI) investor relations material

Executive summary

• Operational earnings rose to SEK 382 million with a 4% margin, up from SEK 344 million, driven by strong Service and Car Business performance, especially in Sweden and Norway, while Western Europe remained stable.

• Service Business delivered record Q1 results, representing 79% of operational earnings, with margin improvements and strong performance across regions.

• Earnings per share increased to SEK 2.11 from SEK 1.61 year-over-year.

• Used car demand was slow early in the quarter but improved in March; operational earnings fell to SEK 38 million from SEK 55 million, though stock levels remain healthy.

• Net profit increased to SEK 194 million from SEK 149 million.

Financial highlights

• Net turnover was SEK 9,613 million, down from SEK 9,935 million year-over-year, mainly due to negative currency effects.

• Operating profit rose to SEK 329 million from SEK 294 million, with an operating margin of 3.4% (up from 3.0%).

• Operating cash flow was SEK 20 million, lower due to increased inventories and receivables; six-month cash flow was just below SEK 700 million, in line with last year.

• Net debt (excluding IFRS 16) just below SEK 2.6 billion, up SEK 300 million from year-end, with net debt/EBITDA at 1.4x, within the target of not exceeding 2.0x.

• Return on equity was 16.2% (rolling 12 months); equity ratio stable at 25%.

Outlook and guidance

• Efficiency program is on track, with full-year savings expected by Q4; about 25% of the SEK 150 million target achieved so far.

• Order intake for new cars was 14% higher year-over-year, with a solid backlog of 17,600 cars.

• Service Business demand expected to remain stable, with further efficiency improvements anticipated.

• Dividend proposal of SEK 6.00 per share, representing 73% of EPS, to be paid in four instalments.

• Focus remains on improving profitability and capital allocation in Q2 2026.