Summary of the past year

Record results for the year despite the pandemic

Per Avander, CEO

I am very proud of how we together in the Bilia family, during the past year, adapted our operation to prevailing circumstances, with focus on consideration and safety for our customers and employees. Despite the COVID-19 pandemic, we reported the highest result ever for a full year. The strong result was mainly attributable to the Service Business and sales of used cars.

Read the statement here

Financial goals

Bilia has five overall financial goals that apply over a business cycle: Operational margin, goal 2.5, Return on equity, goal 18.0, Payout ratio, goal over 50, Total growth, goal 5–10%, Ratio of net debt to EBITDA, excluding IFRS 16, goal not over 2.0. From 2018 to 2020 Bilia did not for the individual years reach the goal in growth, that is 5-10 per cent under business cycle. The average growth over the past five years was 8 per cent. Goal fulfillment for net debt in relation to EBITDA, times, is measured excluding IFRS 16.

Operational margin, %

Operational margin 4.5 per cent (goal 2.5)

Return on equity, %

Return on equity 27.5 per cent (goal 18.0)

Payout ratio, %

Payout ratio 60 per cent (goal over 50)

Total growth, %

Total growth 2.2 per cent (goal 5–10)

Ratio of net debt to ebitda, times

Ratio of net debt to EBITDA, excluding IFRS 16, -0.2 times (goal not over 2.0)

Deliveries of new cars

By brand, %

Group

Sweden

Norway

Western Europe

Employees distribution by country

In %

Turnover by territory

In %

Number of facilities and turnover by country

	Number	Share of turnover
Sweden	96	61%
Norway	27	27%
Germany	7	3%
Luxembourg	2	4%
Belgium	5	5%

Employee dedication

This year, too, Bilia ranked highly and ended up in 5th place in "Employer of the Year in the service industry" in the Brilliant Awards – Employee Experience 2020.