Declared Dividend • Jul 10
Dividend of kr1.50 announced Shareholders will receive a dividend of kr1.50. Ex-date: 5th October 2026 Payment date: 9th October 2026 Dividend yield will be 15%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but not covered by cash flows (267% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Jun 26
Upcoming dividend of kr1.50 per share Eligible shareholders must have bought the stock before 03 July 2026. Payment date: 09 July 2026. Payout ratio is a comfortable 69% but the company is paying out more than the cash it is generating. Trailing yield: 4.1%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.7%). Recent Insider Transactions • Jun 04
Chairman recently bought €515k worth of stock On the 2nd of June, Mats Qviberg bought around 40k shares on-market at roughly €12.87 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €1.2m. Mats has been a buyer over the last 12 months, purchasing a net total of €3.2m worth in shares. Recent Insider Transactions • May 23
Chairman recently bought €617k worth of stock On the 20th of May, Mats Qviberg bought around 50k shares on-market at roughly €12.34 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €1.2m. Mats has been a buyer over the last 12 months, purchasing a net total of €2.7m worth in shares. Declared Dividend • May 20
Dividend of kr1.50 announced Shareholders will receive a dividend of kr1.50. Ex-date: 3rd July 2026 Payment date: 9th July 2026 Dividend yield will be 16%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (69% earnings payout ratio) but not covered by cash flows (267% cash payout ratio). The dividend has increased by an average of 4.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 29
Bilia AB (publ) to Report Q1, 2027 Results on Apr 28, 2027 Bilia AB (publ) announced that they will report Q1, 2027 results on Apr 28, 2027 Announcement • Oct 22
Bilia AB (publ), Annual General Meeting, Apr 29, 2026 Bilia AB (publ), Annual General Meeting, Apr 29, 2026. Announcement • Jul 02
Stenhus Fastigheter i Norden AB (publ) (OM:SFAST) agreed to acquire Portfolio of Six Properties from Bilia AB (publ) (OM:BILI A) for approximately SEK 300 million. Stenhus Fastigheter i Norden AB (publ) (OM:SFAST) agreed to acquire Portfolio of Six Properties from Bilia AB (publ) (OM:BILI A) for approximately SEK 300 million on June 30, 2025. The expected completion of the transaction is July 3, 2025.
Svefa has acted as consultant for Bilia AB. Announcement • Jun 06
Veho Oy Ab completed the acquisition of Trucking Business Regarding Mercedes-Benz from Bilia AB (publ) (OM:BILI A). Veho Oy Ab entered into an agreement to acquire Trucking Business Regarding Mercedes-Benz from Bilia AB (publ) (OM:BILI A) for approximately SEK 210 million on December 16, 2024. A cash consideration of SEK 213 million will be paid by Veho Oy Ab. As part of consideration, SEK 213 million is paid towards assets of Trucking Business Regarding Mercedes-Benz. The purchase price amounts to SEK 213 million is on a debt and cash free basis. The acquired business comprises eight facilities in Sweden. Two in Stockholm, one in Södertälje, one in Norrköping and four in northern Sweden (Överhörnäs, Umeå, Skellefteå and Luleå). As part of the transaction, around 90 employees will transfer to Veho. For the time being, the operation will be led by Juha Ruotsalainen, while the recruitment process for a permanent head of commercial vehicles in Sweden is underway.
The business reported an average turnover of approximately SEK 620 million and an operating profit of approximately SEK 30 million. The transaction is subject to approval by the Swedish Competition Authority and completion is expected to take place in the second quarter of 2025.
Kimmo Vilske, Eero Sormunen, Mikael Österlund, Kari Stenqvist of PwC Corporate Finance acted as financial advisor as well as financial due diligence and tax due diligence for Veho.
Veho Oy Ab completed the acquisition of Trucking Business Regarding Mercedes-Benz from Bilia AB (publ) (OM:BILI A) on June 6, 2025. Tomas Gustavsson, new head of Veho Commercial Vehicles in Sweden and CEO of Veho Import - general distributor for Mercedes-Benz trucks in Sweden - will lead the operations nationally and be responsible for the integration of the newfacilities. Announcement • Feb 10
Bilia AB (Publ) Appoints Sanna Lindgren as HR Director Sanna Lindgren has been appointed HR director for Bilia. Sanna takes up her position in the spring this year and will also be part of Bilia's Group Management. Elin Delvert, former HR director, left her position January 31 this year, for new assignment outside Bilia. Sanna Lindgren is 51 years old and most recently comes from AB Lindex, where she has held the position of Chief People and Communications Officer since 2017. Sanna has studied the Personnel, Work and Organization program, sociology and linguistics at Stockholm University. She has a broad background with experience from various management positions within HR from, among others, Resia, Svenska Mässan and the IFS Group. Announcement • Dec 18
Veho Oy Ab entered into an agreement to acquire Trucking Business Regarding Mercedes-Benz from Bilia AB (publ) (OM:BILI A) for approximately SEK 210 million. Veho Oy Ab entered into an agreement to acquire Trucking Business Regarding Mercedes-Benz from Bilia AB (publ) (OM:BILI A) for approximately SEK 210 million on December 16, 2024. A cash consideration of SEK 213 million will be paid by Veho Oy Ab. As part of consideration, SEK 213 million is paid towards assets of Trucking Business Regarding Mercedes-Benz. The purchase price amounts to SEK 213 million is on a debt and cash free basis. The acquired business comprises eight facilities in Sweden. Two in Stockholm, one in Södertälje, one in Norrköping and four in northern Sweden (Överhörnäs, Umeå, Skellefteå and Luleå). As part of the transaction, around 90 employees will transfer to Veho. For the time being, the operation will be led by Juha Ruotsalainen, while the recruitment process for a permanent head of commercial vehicles in Sweden is underway.
For the period ending December 31, 2023, Trucking Business Regarding Mercedes-Benz reported total revenue of SEK 620 million and EBIT of SEK 30 million. The transaction is subject to approval by the Swedish Competition Authority and completion is expected to take place in the second quarter of 2025. Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: kr1.14 (vs kr1.84 in 3Q 2023) Third quarter 2024 results: EPS: kr1.14 (down from kr1.84 in 3Q 2023). Revenue: kr8.98b (up 3.2% from 3Q 2023). Net income: kr105.0m (down 38% from 3Q 2023). Profit margin: 1.2% (down from 1.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Declared Dividend • Oct 11
Dividend of kr1.65 announced Shareholders will receive a dividend of kr1.65. Ex-date: 6th January 2025 Payment date: 10th January 2025 Dividend yield will be 21%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Declared Dividend • Oct 06
Dividend of kr1.65 announced Shareholders will receive a dividend of kr1.65. Ex-date: 6th January 2025 Payment date: 10th January 2025 Dividend yield will be 21%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Sep 27
Upcoming dividend of kr1.65 per share Eligible shareholders must have bought the stock before 04 October 2024. Payment date: 10 October 2024. Payout ratio is on the higher end at 78% but the company is not cash flow positive. Trailing yield: 5.5%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.1%). Announcement • Aug 28
Bilia AB (publ) (OM:BILI A) agreed to acquire Lunds Bil I Varberg Ab for SEK 90 million. Bilia AB (publ) (OM:BILI A) agreed to acquire Lunds Bil I Varberg Ab for SEK 90 million on August 27, 2024. The purchase price on a debt and cash-free basis amounts to approximately SEK 90 million and will consist of cash and 28,000 of Bilia’s own shares. The Bilia shares will be valued at the average share price on Nasdaq Stockholm during the ten trading days prior to the payment of the purchase price. Bilia currently has 4,292,577 own shares. The Claés Lund Chief executive officer and owner of the business will continue to work in the company. For the period ending December 31, 2023, Lunds Bil I Varberg Ab reported total revenue of SEK 178 million. The expected completion of the transaction is during the first quarter of 2025. Reported Earnings • Jul 19
Second quarter 2024 earnings released: EPS: kr2.24 (vs kr2.85 in 2Q 2023) Second quarter 2024 results: EPS: kr2.24 (down from kr2.85 in 2Q 2023). Revenue: kr10.6b (up 7.6% from 2Q 2023). Net income: kr206.0m (down 21% from 2Q 2023). Profit margin: 1.9% (down from 2.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 14% per year. Declared Dividend • Jul 07
Dividend of kr1.65 announced Shareholders will receive a dividend of kr1.65. Ex-date: 4th October 2024 Payment date: 10th October 2024 Dividend yield will be 17%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (73% earnings payout ratio) but not covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 15
Bilia AB (publ) (OM:BILI A) reached an agreement to acquire Carlo Schmitz Sarl. Bilia AB (publ) (OM:BILI A) reached an agreement to acquire Carlo Schmitz Sarl on June 13, 2024. Approximately 20% of the purchase price will consist of Bilia's own shares, which will be valued at the average share price on Nasdaq Stockholm for ten trading days prior to payment of the purchase price. The expected completion of the transaction is October 1, 2024. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: kr1,696 (vs kr2.73 in 1Q 2023) First quarter 2024 results: EPS: kr1,696. Revenue: kr9.37b (down 5.1% from 1Q 2023). Net income: kr156.0m (down 38% from 1Q 2023). Profit margin: 1.7% (down from 2.5% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Announcement • Apr 25
Bilia AB (Publ) Approves Dividend Payment, Payable on May 2, 2024, July 11, 2024, October 10, 2024 and January 10, 2025 Bilia AB (publ) announced that the AGM resolved in favour of a dividend of SEK 6.60 per share. The dividend amount will be divided into four payments of SEK 1.65 each with record dates April 26, 2024, July 8, 2024, October 7, 2024 and January 7, 2025. Dividends are expected to be paid out on May 2,2024, July 11, 2024, October 10, 2024 and January 10, 2025. Upcoming Dividend • Apr 18
Upcoming dividend of kr1.65 per share Eligible shareholders must have bought the stock before 25 April 2024. Payment date: 02 May 2024. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (3.5%). Announcement • Mar 20
Bilia AB Proposes Dividend, Payable on 2 May 2024, 11 July 2024, 10 October 2024 and 10 January 2025 The Board of Directors of Bilia AB (publ) proposes a dividend to the shareholders of SEK 6.60 (SEK 8.80) per share, divided into four payments of each SEK 1.65 per share. 26 April 2024, 8 July 2024, 7 October 2024 and 7 January 2025 are proposed as record dates. If the AGM resolves in accordance with the proposal, payments from Euroclear Sweden AB are expected to be made on 2 May 2024, 11 July 2024, 10 October 2024 and 10 January 2025. Reported Earnings • Mar 19
Full year 2023 earnings released: EPS: kr10.12 (vs kr17.44 in FY 2022) Full year 2023 results: EPS: kr10.12 (down from kr17.44 in FY 2022). Revenue: kr38.5b (up 9.0% from FY 2022). Net income: kr931.0m (down 43% from FY 2022). Profit margin: 2.4% (down from 4.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Buy Or Sell Opportunity • Feb 14
Now 21% undervalued Over the last 90 days, the stock has risen 8.3% to €10.09. The fair value is estimated to be €12.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 2.4% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Declared Dividend • Feb 12
Fourth quarter dividend of kr1.65 announced Shareholders will receive a dividend of kr1.65. Ex-date: 25th April 2024 Payment date: 2nd May 2024 Dividend yield will be 22%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 09
Bilia AB (publ) Proposes Dividend for the Year 2023 Bilia AB (publ) proposed a dividend of SEK 6.60 (SEK 8.80) per share, to be paid in four instalments of SEK 1.65 per share. The proposed dividend is in line with historical levels of dividend share and in accordance Bilia's dividend policy. Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: kr10.12 (vs kr17.44 in FY 2022) Full year 2023 results: EPS: kr10.12 (down from kr17.44 in FY 2022). Revenue: kr38.5b (up 9.0% from FY 2022). Net income: kr931.0m (down 43% from FY 2022). Profit margin: 2.4% (down from 4.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Upcoming Dividend • Jan 01
Upcoming dividend of kr2.20 per share at 6.5% yield Eligible shareholders must have bought the stock before 08 January 2024. Payment date: 12 January 2024. Payout ratio is on the higher end at 78% but the company is not cash flow positive. Trailing yield: 6.5%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (3.2%). Announcement • Oct 27
Bilia AB (publ) (OM:BILI A) entered into an agreement to acquire British Motor Group AB. Bilia AB (publ) (OM:BILI A) entered into an agreement to acquire British Motor Group AB on October 26, 2023. The business is conducted in two facilities located in Danderyd and Smista. The CEO of the business will remain within the company. The deal is expected to take place in 2024 and is conditional an approval from the competition authority. For FY ended 2022, sales amounted to approximately SEK 450 million with an operating margin of 1.1 per cent and had 45 employees. Recent Insider Transactions • Oct 26
Chairman recently bought €372k worth of stock On the 24th of October, Mats Qviberg bought around 43k shares on-market at roughly €8.74 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mats has been a buyer over the last 12 months, purchasing a net total of €1.0m worth in shares. Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: kr1.84 (vs kr3.10 in 3Q 2022) Third quarter 2023 results: EPS: kr1.84 (down from kr3.10 in 3Q 2022). Revenue: kr8.71b (up 19% from 3Q 2022). Net income: kr169.0m (down 41% from 3Q 2022). Profit margin: 1.9% (down from 3.9% in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 6.2% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Oct 24
Bilia AB (publ) to Report Q3, 2024 Results on Oct 23, 2024 Bilia AB (publ) announced that they will report Q3, 2024 results on Oct 23, 2024 Announcement • Oct 01
Bilia AB (Publ) Announces Nomination Committee for the 2024 Annual General Meeting Bilia AB’s Annual General Meeting will be held on April, 24, 2024. The Nomination Committee for the Annual General Meeting 2024 comprises the following members: Mats Qviberg, Chairman of the Board in Bilia AB, Anders Wennberg, appointed by Investment AB Öresund, Chairman of the Nomination Committee, Sofia Steinwall, appointed by the Engebretsen family, and Emilie Westholm, appointed by Folksam. The Nomination Committee shall prepare proposals for the 2024 Annual General Meeting regarding Chairman of the Meeting, Board members and Chairman of the Board, fees to be paid to each of the Board members, renumeration to the auditor and, if necessary, proposal for changes in the process of appointing the Nomination Committee. In order for the Nomination Committee to be able to consider submitted proposals ahead of the AGM, these should be available to the Nomination Committee by January 15, 2024. Announcement • Sep 30
Bilia AB (publ), Annual General Meeting, Apr 24, 2024 Bilia AB (publ), Annual General Meeting, Apr 24, 2024. Upcoming Dividend • Sep 29
Upcoming dividend of kr2.20 per share at 8.3% yield Eligible shareholders must have bought the stock before 06 October 2023. Payment date: 12 October 2023. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 8.3%. Within top quartile of German dividend payers (4.9%). Higher than average of industry peers (3.1%). Announcement • Sep 19
Bilia AB (publ) (OM:BILI A) agreed to acquire Bilcentergruppen SÖRmland Ab. Bilia AB (publ) (OM:BILI A) agreed to acquire Bilcentergruppen SÖRmland Ab on September 18, 2023. The deal is expected to take place November 1, 2023. Bilcentergruppen Sörmland's turnover amounted to approx. SEK 100M. New Risk • Jul 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.1% Last year net profit margin: 4.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). High level of non-cash earnings (36% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.1% net profit margin). Recent Insider Transactions • Jul 24
Chairman recently bought €469k worth of stock On the 21st of July, Mats Qviberg bought around 52k shares on-market at roughly €9.04 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mats has been a buyer over the last 12 months, purchasing a net total of €668k worth in shares. Upcoming Dividend • Jul 03
Upcoming dividend of kr2.20 per share at 7.8% yield Eligible shareholders must have bought the stock before 10 July 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 7.8%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.7%). Recent Insider Transactions • Apr 30
Chairman recently bought €308k worth of stock On the 27th of April, Mats Qviberg bought around 31k shares on-market at roughly €9.82 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Mats has been a buyer over the last 12 months, purchasing a net total of €199k worth in shares. Upcoming Dividend • Apr 20
Upcoming dividend of kr2.20 per share at 7.1% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 03 May 2023. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 7.1%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.8%). Reported Earnings • Apr 11
Full year 2022 earnings released: EPS: kr17.44 (vs kr14.91 in FY 2021) Full year 2022 results: EPS: kr17.44 (up from kr14.91 in FY 2021). Revenue: kr35.3b (flat on FY 2021). Net income: kr1.62b (up 11% from FY 2021). Profit margin: 4.6% (up from 4.1% in FY 2021). Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 27% per year. Reported Earnings • Feb 09
Full year 2022 earnings released: EPS: kr17.44 (vs kr14.91 in FY 2021) Full year 2022 results: EPS: kr17.44 (up from kr14.91 in FY 2021). Revenue: kr35.3b (flat on FY 2021). Net income: kr1.62b (up 11% from FY 2021). Profit margin: 4.6% (up from 4.1% in FY 2021). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Feb 08
Bilia AB (publ) Proposes Ordinary Dividend for the Year Ended December 31, 2022 The Board of Bilia AB (publ) proposes an ordinary dividend of SEK 8.80 per share (8.00) to be paid in four instalments of SEK 2.20. Upcoming Dividend • Dec 29
Upcoming dividend of kr2.00 per share Eligible shareholders must have bought the stock before 05 January 2023. Payment date: 12 January 2023. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 7.0%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (4.0%). Announcement • Dec 08
Bilia AB (publ) Includes Carl Fredrik Ewetz in Group Management, Head of Investor Relations and M&A Bilia AB (publ) includes Carl Fredrik Ewetz in Group Management, Head of Investor Relations and M&A. Carl Fredrik Ewetz, Head of Investor Relations and M&A, Bilia Group. Born in 1976. Education: Economics education at BI Norwegian Business School in Oslo, Communication and Leadership at Dale Carnegie and Law studies at Lund University. Work experience: Institutional Stockbroker Handelsbanken Equities UK 2002–2008, Head Equities Handelsbanken Capital Markets UK 2009–2020, Head of Investor Relations and M&A within Bilia AB since 2022. Recent Insider Transactions • Dec 06
Chairman recently sold €109k worth of stock On the 1st of December, Mats Qviberg sold around 10k shares on-market at roughly €10.90 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Mats' only on-market trade for the last 12 months. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: kr3.10 (vs kr3.33 in 3Q 2021) Third quarter 2022 results: EPS: kr3.10 (down from kr3.33 in 3Q 2021). Revenue: kr7.29b (down 10% from 3Q 2021). Net income: kr285.0m (down 12% from 3Q 2021). Profit margin: 3.9% (down from 4.0% in 3Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Oct 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be €14.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has grown by 33%. Announcement • Oct 01
Bilia AB (publ) Announces Nomination Committee for the 2023 Annual General Meeting Bilia AB (publ) announced that the Nomination Committee for the Annual General Meeting 2023 comprises the following members: Mats Qviberg, Chairman of the Board in Bilia AB; Tim Floderus, appointed by Investment AB Öresund, Chairman of the Nomination Committee; Sofia Steinwall, appointed by the Engebretsen family; and Emilie Westholm, appointed by Folksam. The Nomination Committee shall prepare proposals for the 2023 Annual General Meeting regarding Chairman of the Meeting, Board members and Chairman of the Board, fees to be paid to each of the Board members, renumeration to the auditor and, if necessary, proposal for changes in the process of appointing the Nomination Committee. Upcoming Dividend • Sep 30
Upcoming dividend of kr2.00 per share Eligible shareholders must have bought the stock before 07 October 2022. Payment date: 13 October 2022. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 6.3%. Within top quartile of German dividend payers (5.8%). Higher than average of industry peers (4.8%). Announcement • Sep 03
Bilia AB (publ) (OM:BILI A) completed the acquisition of 80% stake in Holmgrens Truck-Motor Aktiebolag from Malin Paulusson and Emil Nyström. Bilia AB (publ) (OM:BILI A) acquired 80% stake in Holmgrens Truck-Motor Aktiebolag from Malin Paulusson and Emil Nyström on September 1, 2022. Malin Paulusson and Emil Nystrm, will continue to work in the business and will going forward own 20 percent of the shares in the company. Holmgrens Truck-Motor AB reported a turnover of approximately SEK 25 million for 2021 and currently has 17 employees.
Bilia AB (publ) (OM:BILI A) completed the acquisition of 80% stake in Holmgrens Truck-Motor Aktiebolag from Malin Paulusson and Emil Nyström on September 1, 2022. Announcement • Sep 01
Bilia AB (publ) (OM:BILI A) completed the acquisition of Skellefteå Billackering AB and Hellgrens Lastvagnsservice AB. Bilia AB (publ) (OM:BILI A) acquired Skellefteå Billackering AB and Hellgrens Lastvagnsservice AB on August 31, 2022.
Bilia AB (publ) (OM:BILI A) completed the acquisition of Skellefteå Billackering AB and Hellgrens Lastvagnsservice AB on August 31, 2022. Reported Earnings • Jul 23
Second quarter 2022 earnings released: EPS: kr4.14 (vs kr4.14 in 2Q 2021) Second quarter 2022 results: EPS: kr4.14. Revenue: kr8.95b (down 4.9% from 2Q 2021). Net income: kr385.0m (down 5.2% from 2Q 2021). Profit margin: 4.3% (in line with 2Q 2021). Upcoming Dividend • Jul 01
Upcoming dividend of kr2.00 per share Eligible shareholders must have bought the stock before 08 July 2022. Payment date: 14 July 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 5.4%. Within top quartile of German dividend payers (4.5%). Higher than average of industry peers (3.4%). Announcement • Jun 14
Bilia AB (publ) (OM:BILI A) agreed to acquire M Bilar Group Ab. Bilia AB (publ) (OM:BILI A) agreed to acquire M Bilar Group Ab on June 13, 2022. Joakim Walde will remain in the company. The transaction is conditional a due diligence of the business and approval from the Swedish competition authority. The deal is expected to take place on November 1, 2022. As of year ended 2021, M Bilar Group Ab reported revenue of SEK 1300 million. Board Change • May 31
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. Independent Director Caroline af Ugglas was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • May 14
Bilia AB (publ) (OM:BILI A) entered into an agreement to acquire As Insignia. Bilia AB (publ) (OM:BILI A) entered into an agreement to acquire As Insignia on May 13, 2022. The agreement is subject to approval by the Norwegian competition authority and is expected to take place no later than July 1, 2022. As Insignia reported revenue of NOK 450 million, and operating loss of NOK 5 million for the year 2021. Announcement • May 06
Bilia AB (publ) (OM:BILI A) reached an agreement to acquire 50.1% stake in Bil1Din As for NOK 30 million. Bilia AB (publ) (OM:BILI A) reached an agreement to acquire 50.1% stake in Bil1Din As for NOK 30 million on May 5, 2022. Bilia has committed to buy another 39.9 per cent of the shares in Bil1Din Holding AS until the year 2032, from the current owners. The current three owners will continue to work in the business. For the year ended on December 31, 2021 Bil1Din As reported turnover of NOK 52.31 million (SEK 55 million). Access is expected to take place no later than June 1, 2022. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: kr6.25 (vs kr3.83 in 1Q 2021) First quarter 2022 results: EPS: kr6.25 (up from kr3.83 in 1Q 2021). Revenue: kr8.68b (down 7.1% from 1Q 2021). Net income: kr594.0m (up 58% from 1Q 2021). Profit margin: 6.8% (up from 4.0% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Apr 28
Bilia AB (publ) (OM:BILI A) agreed to acquire Kokstad Autosenter As. Bilia AB (publ) (OM:BILI A) agreed to acquire Kokstad Autosenter As on April 27, 2022. The agreement is subject to approval by the Norwegian competition authority. Access is expected to take place no later than 1 June 2022. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. 4 independent directors (6 non-independent directors). Independent Director Gunnar Blomkvist was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 20
Bilia AB (publ) (OM:BILI A) commences an Equity Buyback Plan, under the authorization approved on April 7, 2022. Bilia AB (publ) (OM:BILI A) commences share repurchases on April 11, 2022, under the program mandated by the shareholders in the Annual Shareholders’ Meeting held on April 7, 2022. As per the mandate, the company is authorized to repurchase its own shares in such a way that its holding in treasury does not exceeds 10% of shares of the total number of shares at any given time. The purpose of the authorization is to give the Board greater freedom in its work with the company’s capital structure and to make it possible, if deemed appropriate, to acquire enterprises using the company’s shares as payment or to increase liquidity in the company’s share. The authorization will be valid till AGM 2023. As on March 1, 2022, the company had 102,799,952 shares in issue and 7,682,087 shares in treasury as on February 25, 2022.
On April 8, 2022, the company announced a share repurchase program. Under the program, the company will repurchase up to 1,100,000 shares, for SEK 185 million. The purpose of the program is to is to give the company flexibility regarding its equity and thereby optimize the capital structure of the company. As of April 8, 2022, the company had 102,799,952 shares in issue and 9,041,709 shares in treasury. Board Change • Apr 12
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. Director Nicklas Paulson was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Apr 01
Upcoming dividend of kr2.00 per share Eligible shareholders must have bought the stock before 08 April 2022. Payment date: 14 April 2022. Payout ratio is a comfortable 54% and the cash payout ratio is 80%. Trailing yield: 5.9%. Within top quartile of German dividend payers (3.7%). Higher than average of industry peers (2.5%). Reported Earnings • Mar 19
Full year 2021 earnings: Revenues exceed analyst expectations Full year 2021 results: Revenue: kr35.5b (up 18% from FY 2020). Net income: kr1.46b (up 48% from FY 2020). Profit margin: 4.1% (up from 3.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.0%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 13
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: kr14.91 (up from kr9.83 in FY 2020). Revenue: kr35.5b (up 18% from FY 2020). Net income: kr1.46b (up 48% from FY 2020). Profit margin: 4.1% (up from 3.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.0%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Feb 09
Bilia AB (publ) Proposes an Ordinary Dividend The Board of Bilia AB (publ) proposed an ordinary dividend of SEK 8.00 to be paid in four instalments of SEK 2.00 per share against SEK 6.00 per share paid a year ago. Announcement • Jan 12
Autohaus Krah Gmbh and Enders GmbH & Co. KG agreed to acquire Four BMW/Mini facilities in Germany from Bilia AB (publ) (OM:BILI A). Autohaus Krah Gmbh and Enders GmbH & Co. KG agreed to acquire Four BMW/Mini facilities in Germany from Bilia AB (publ) (OM:BILI A) on January 10, 2022. The sale is expected to take place on 1 February 2022. Announcement • Dec 08
Bilkompaniet i Dalarna AB entered into an agreement to acquire Four Facilities in Bergslagen in Sweden from Bilia AB (publ) (OM:BILI A). Bilkompaniet i Dalarna AB entered into an agreement to acquire Four Facilities in Bergslagen in Sweden from Bilia AB (publ) (OM:BILI A) on December 7, 2021. The sale refers to the facilities in Avesta, Hedemora, Fagersta and Sala. These facilities conduct sales of new cars, used cars and service for Volvo and Renault. The transfer is subject to approval by the Swedish competition authority. The sale is expected to take place on February 1, 2022. Recent Insider Transactions • Oct 29
Chairman recently bought €1.2m worth of stock On the 27th of October, Mats Qviberg bought around 85k shares on-market at roughly €14.66 per share. This was the largest purchase by an insider in the last 3 months. Mats has been a buyer over the last 12 months, purchasing a net total of €2.7m worth in shares. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS kr3.33 (vs kr2.81 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr8.13b (up 7.5% from 3Q 2020). Net income: kr325.0m (up 16% from 3Q 2020). Profit margin: 4.0% (up from 3.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 19
Upcoming dividend of kr3.00 per share Eligible shareholders must have bought the stock before 26 October 2021. Payment date: 01 November 2021. Trailing yield: 3.9%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (2.5%). Reported Earnings • Jul 24
Second quarter 2021 earnings released: EPS kr4.14 (vs kr2.13 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: kr9.40b (up 39% from 2Q 2020). Net income: kr406.0m (up 91% from 2Q 2020). Profit margin: 4.3% (up from 3.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jun 15
CEO & MD recently bought €44k worth of stock On the 8th of June, Per Avander bought around 3k shares on-market at roughly €17.69 per share. In the last 3 months, there was an even bigger purchase from another insider worth €363k. Despite this recent buy, Per has been a net seller over the last 12 months, reducing personal holdings by €39k. Announcement • Jun 11
Bilia AB (publ) (OM:BILI A) acquired City Dack Oresund Ab. Bilia AB (publ) (OM:BILI A) acquired City Dack Oresund Ab on June 10, 2021. The acquired business reported for the past two years an average turnover of about SEK 55 million, with an average operating margin of about 12 per cent and the number of employees is about 20.
Bilia AB (publ) (OM:BILI A) completed the acquisition of City Dack Oresund Ab on June 10, 2021