Bilia (BILI) investor relations material

Executive summary

• Operational earnings rose to SEK 382 million from SEK 344 million year-over-year, with margin up to 4.0% from 3.5%.

• Net profit increased to SEK 194 million from SEK 149 million, and EPS reached SEK 2.11 versus 1.61.

• Service business delivered record Q1 results, representing 79% of earnings, with margin improvements and strong performance in Sweden and Norway.

• Sweden and Norway delivered higher results, while Western Europe remained stable.

• Used car demand was slow early in the quarter but improved in March, with stabilized prices for used electric vehicles supporting demand.

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 reached SEK 329 million, up from SEK 294 million, with operating margin at 3.4% (up from 3.0%).

• Operating cash flow dropped to SEK 20 million from SEK 453 million, impacted by higher inventories and receivables.

• Service business result was SEK 328 million (margin 12.4%), up from SEK 310 million (12.2%) last year.

• Car business earnings were SEK 65 million (up from SEK 57 million), while used car earnings fell to SEK 38 million (from SEK 55 million) due to lower deliveries.

Outlook and guidance

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

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

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

• Used car demand expected to remain stable, with healthy inventory levels and stabilized prices for electric vehicles.

• Dividend proposal of SEK 6.00 per share, representing 73% of EPS, in line with policy.