The Managing Director’s comments

Focus on efficiency and profitability

Our focus is to ensure increased efficiency, profitability and customer satisfaction for our existing operations. We continuously review our operations with the aim of optimising processes and streamlining the organisation. As a result, we are now implementing an efficiency program with annual savings of approximately SEK 150 M, which will be fully implemented during the second half of 2026 with an estimated one-off cost of approximately SEK 25 M, which is expected to affect the fourth quarter of 2025.

 

 

The Service Business grows organically

The Service Business reported a SEK 12 M higher result in the third quarter compared with the previous year. During the quarter, we noted a normalized level of activity among our customers, although the number of booking days was still slightly lower than normal.

Our Service Business is characterized by stable demand, which is essentially independent of cyclical fluctuations. The rapid technological development of cars, especially the increased integration of electronics and digital systems, has led to a growing need for advanced service skills.

In the third quarter, organic growth in the Service Business was 4 per cent and operational earnings amounted to SEK 233 M, which was 72 per cent of the Group’s profit. We expect continued stable demand for our Service Business for the remainder of 2025.

 

Ready for continued growth

During the quarter, we welcomed new businesses to the Bilia family. During the quarter, we acquired a complementary business for Jaguar and Land Rover, which is located in a modern full-service facility with an attractive location in Bergen, Norway. 

We are in the process of integrating the recently acquired Volvo Truck business, which will be called Bilia Trucks in the future. We strongly believe in Volvo Trucks and hope to be able to grow this business to become a significant part of Bilia in the long term. Volvo Trucks is a leading player in the Swedish market, where the Service Business makes up a relatively larger part of the business, as it is important for customers that the truck is always in full operation.

The customer’s market when buying a car

For used car sales, we believe the remainder of 2025 will be characterized by a large supply of electric cars in the market. We currently have low stocks of used cars in Sweden and are well prepared.

For sales of new cars, we continue to believe in increased activity from private customers and to some extent also from corporate customers.


In combination with assessments of a gradually improving economic situation, we see a cautiously positive development for demand for new cars during the remainder of 2025.