Summary of the past year

”We reached our highest result ever”

Per Avander, CEO

I am extremely proud and delighted over what we in the Bilia family have achieved together in 2019. We have once again reported record results, over SEK 1 billion. We have seen strong growth in our Service Business and substantially improved results from the sale of used cars. We have continued our strategic focus on used cars and have added new businesses through acquisition.

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. During 2019 and 2018 Bilia did not achieve the goal for growth, attributable to the Car Business. The average growth over the past five years was 10 per cent. Goal fulfillment for net debt in relation to EBITDA is measured excluding IFRS 16.

Operational margin, %

Operational margin 3.8 per cent (goal 2.5)

Return on equity, %

Return on equity 26.5 per cent (goal 18.0)

Payout ratio, %

Payout ratio 65 per cent (goal over 50)

Total growth, %

Total growth 4.0 per cent (goal 5–10)

Ratio of net debt to ebitda, times

Ratio of net debt to EBITDA, excluding IFRS 16, 1.3 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	94	60%
Norway	28	26%
Germany	7	5%
Luxembourg	2	4%
Belgium	5	5%

Employee dedication

Bilia advanced from last year's top 10 placement to a 4th place in “Employer of the Year in the service industry” in the Brilliant Awards - Employee Experience 2019.