Bilia (BILI) Q3 2025 earnings summary

Executive summary

• Q3 2025 delivered solid results with net turnover up 8% year-over-year to SEK 9,717 M and operational earnings rising to SEK 310 M, mainly driven by Sweden and the Service Business.

• Net profit for Q3 2025 rose to SEK 191 M from SEK 105 M, with EPS at SEK 2.07 versus SEK 1.15 last year.

• Order intake for new cars was 20% higher year-over-year, with increased activity among private and fleet customers, especially in Norway due to tax changes.

• Service Business remains robust, representing 72% of operating profit and showing organic growth.

• Efficiency program launched, targeting SEK 150 M in annual savings by H2 2026, with a one-off cost of SEK 25 M expected in Q4 2025.

Financial highlights

• Operational earnings for Q3 were SEK 310 M (3.2% margin), up from SEK 280 M last year; net profit at SEK 191 M.

• Operating profit reached SEK 284 M, including SEK 35 M from property divestments.

• Earnings per share rose to SEK 2.07 from SEK 1.15 year-over-year.

• Operating cash flow for Q3 was SEK 792 M, with SEK 303 M from property divestments.

• Dividend payment of SEK 130 M in Q3; total dividend SEK 5.60/share in four installments.

Outlook and guidance

• Efficiency program targeting SEK 150 M in savings by H2 2026, with a one-time cost of SEK 25 M.

• Management expects stable demand for the Service Business and a cautiously positive trend for new car demand for the remainder of 2025.

• Continued price pressure and competition in used EVs as more return to market.

• Cost savings program will show some impact in H1 2026, fully implemented in H2.

• New car demand expected to rise, with Swedish registrations forecast at 280,000 in 2025.