Nasdaq Nordic · interim-report

Kvartalsrapport Q1 2026

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Omsättning
  • The higher result for the Car Business was | attributable to new car sales. | Underlying order intake for new cars was
  • remained strong during the quarter. | Sales of used cars during the quarter | were characterised by a certain degree
  • attributable to the Service Business. In Norway, the higher | result were mainly attributable to sales of new cars. In | Western Europe the somewhat lower result was attributa‑
  • shops, accessory and tyre | and wheel sales. | Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter
  • Tyre hotels, wheel change, | tyre and wheel sales and | workshop services.
  • Car dismantling | Dismantling, reuse and sales | of used car parts.
  • year. Adjusted also for acquired and divested operations, | revenue in the Service Business increased organically by | 3 per cent in the first quarter. The organic growth was
  • efficiency, a higher number of cars delivered and other | operations such as wheel storage and tyre sales. | In Sweden, operational earnings amounted to MSEK
EBITDA
  • a solid order backlog from a historical | perspective. Net debt in relation to EBITDA | amounted to 1.4 times, which is well below
  • an increase of MSEK 340 compared with December | 2025. Net debt in relation to EBITDA, excluding IFRS 16, | amounted to 1.4 times, compared with 1.3 times at the
  • Net debt MSEK | Net debt and net debt/EBITDA, excl. IFRS /one.tf/six.tf | Net debt/EBITDA times, R/one.tf/two.tf
  • Net debt and net debt/EBITDA, excl. IFRS /one.tf/six.tf | Net debt/EBITDA times, R/one.tf/two.tf | /zero.tf./zero.tf
  • Specification of interest-bearing net debt | and EBITDA | Specification of interest-bearing net debt
  • Net debt at end of the period, excluding IFRS 16 2,582 2,242 2,787 | Net debt in relation to EBITDA | MSEK
  • agreements –240 –235 –249 | EBITDA 2,608 2,553 2,472 | Net debt to EBITDA ratio, times 3.1 3.0 3.2
  • EBITDA 2,608 2,553 2,472 | Net debt to EBITDA ratio, times 3.1 3.0 3.2 | Operating profit excluding IFRS 16 1,217 1,195 1,081
Rörelseresultat
  • previous year. | • Operating profit amounted to MSEK 329 | (294) and operating margin increased from
  • Operational margin, % 4.0 3.5 3.7 3.6 | Operating profit 329 294 1,306 1,271 | Operating margin, % 3.4 3.0 3.3 3.2
  • Operating cash flow 20 453 1,675 2,108 | 1) For reconciliation of operational earnings with operating profit, see Note 3. | 2) The number of shares used in the calculation is shown in the
  • ble to the Service Business. | Operating profit amounted to MSEK 329 (294). Operat‑ | ing profit included result from interests in joint ventures of
  • Seasonal variations and number of working days | Bilia’s business and operating profit are affected by | seasonal variations to a limited extent. The number of
  • when national holidays fall in different years. Business | and operating profit in mainly the Service Business, but | also the Car Business, are affected by the number of
  • Gross profit 1,701 1,626 6,777 6,702 | Other operating income 10 5 88 82 | Selling and administrative expenses –1,372 –1,333 –5,521 –5,482
  • Result from interests in joint ventures –4 –2 –14 –12 | Operating profit 1) 329 294 1,306 1,271 | Financial income 4 3 16 15
Periodens resultat
  • 3.0 per cent to 3.4 per cent. | • Net profit for the period amounted to | MSEK 194 (149). Earnings per share
  • Profit before tax 251 194 980 923 | Net profit for the period 194 149 805 760 | Earnings per share, SEK 2) 2.11 1.61 8.72 8.22
  • was 23 per cent (23). | Net profit for the period amounted to MSEK 194 (149). | Earnings per share amounted to SEK 2.11 (1.61). Exchange
  • rate fluctuations did not have a material impact on net | profit for the period compared to the previous year. | The number of employees totalled 5,625. Adjusted for
  • Tax –57 –45 –175 –163 | Net profit for the period 194 149 805 760 | Other comprehensive income
  • 2025MSEK 2026 2025 | Net profit attributable to: | – Parent Company's shareholders 194 149 805 760
  • Return on equity | Net profit for the year in relation to average equity.
Resultat per aktie
  • • Net profit for the period amounted to | MSEK 194 (149). Earnings per share | amounted to SEK 2.11 (1.61).
  • Net profit for the period 194 149 805 760 | Earnings per share, SEK 2) 2.11 1.61 8.72 8.22 | Operating cash flow 20 453 1,675 2,108
  • Net profit for the period amounted to MSEK 194 (149). | Earnings per share amounted to SEK 2.11 (1.61). Exchange | rate fluctuations did not have a material impact on net
  • share to be paid in four instalments of SEK 1.50 per share. | The dividend represent 73 per cent of earnings per share | which is in accordance with Bilia’s dividend policy to dis‑
  • which is in accordance with Bilia’s dividend policy to dis‑ | tribute at least 50 per cent of earnings per share. | The proposed record dates are 4 May 2026, 6 July
  • – Non‑controlling interests 0 0 0 0 | Basic earnings per share, SEK 2.11 1.61 8.72 8.22 | Diluted earnings per share, SEK 2.10 1.61 8.66 8.17
  • Basic earnings per share, SEK 2.11 1.61 8.72 8.22 | Diluted earnings per share, SEK 2.10 1.61 8.66 8.17 | Average number of shares, '000 91,975 92,536 92,389 92,527
  • Equity/assets ratio, % 23 23 24 25 23 24 25 25 | Earnings per share, SEK 2.24 1.15 2.10 1.61 2.09 2.07 2.46 2.11 | Equity per share, SEK 50 51 53 54 51 53 54 57
Kassaflöde
  • amounted to SEK 2.11 (1.61). | • Operating cash flow amounted to MSEK 20 | (453).
  • Earnings per share, SEK 2) 2.11 1.61 8.72 8.22 | Operating cash flow 20 453 1,675 2,108 | 1) For reconciliation of operational earnings with operating profit, see Note 3.
  • Operating cash flow | Operating cash flow for the quarter amounted to
  • Operating cash flow | Operating cash flow for the quarter amounted to | MSEK 20 (453). The lower cash flow was attributable to
  • Operating cash flow for the quarter amounted to | MSEK 20 (453). The lower cash flow was attributable to | higher inventories of new cars and higher trade receiva‑
  • higher inventories of new cars and higher trade receiva‑ | bles. Over the past six months, operational cash flow was | in line with the previous year. After acquisition of opera‑
  • in line with the previous year. After acquisition of opera‑ | tions and changes in financial assets, cash flow for the | quarter amounted to MSEK 101 (498).
  • Q/one.tf /two.tf/six.tfQ/four.tf /two.tf/five.tfQ/three.tf /two.tf/five.tfQ/two.tf /two.tf/five.tfQ/one.tf /two.tf/five.tfQ/four.tf /two.tf/four.tfQ/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tf | Operating cash flow MSEK, R/one.tf/two.tf | Operating cash flow
Likvida medel
  • Other receivables 2,490 2,219 2,568 | Cash and cash equivalents 497 438 359 | Total current assets 8,116 7,679 7,839
  • Cash flow from financing activities –68 –466 –1,598 –1,996 | Change in cash and cash equivalents, excl. exchange differences 80 32 142 94 | Exchange differences in cash and cash equivalents –21 –4 –4 14
  • Change in cash and cash equivalents, excl. exchange differences 80 32 142 94 | Exchange differences in cash and cash equivalents –21 –4 –4 14 | Change in cash and cash equivalents 59 28 138 107
  • Exchange differences in cash and cash equivalents –21 –4 –4 14 | Change in cash and cash equivalents 59 28 138 107 | Cash and cash equivalents at start of period 438 331 359 331
  • Change in cash and cash equivalents 59 28 138 107 | Cash and cash equivalents at start of period 438 331 359 331 | Cash and cash equivalents at end of period 497 359 497 438
  • Cash and cash equivalents at start of period 438 331 359 331 | Cash and cash equivalents at end of period 497 359 497 438 | Specification of interest-bearing net debt
  • Lease liabilities IFRS 16 5,472 5,380 5,022 | Cash and cash equivalents –497 –438 –359 | Interest‑bearing assets –18 –103 –86
  • Trade receivables and other receivables 122 | Cash and cash equivalents 77 | Interest‑bearing liabilities –498
Nettoskuld
  • a solid order backlog from a historical | perspective. Net debt in relation to EBITDA | amounted to 1.4 times, which is well below
  • cent (25). | Net debt increased by MSEK 432 during the year and | amounted to MSEK 8,054. Net debt excluding lease liabili‑
  • Net debt increased by MSEK 432 during the year and | amounted to MSEK 8,054. Net debt excluding lease liabili‑ | ties attributable to IFRS 16 amounted to MSEK 2,582,
  • an increase of MSEK 340 compared with December | 2025. Net debt in relation to EBITDA, excluding IFRS 16, | amounted to 1.4 times, compared with 1.3 times at the
  • Q/one.tf /two.tf/six.tfQ/four.tf /two.tf/five.tfQ/three.tf /two.tf/five.tfQ/two.tf /two.tf/five.tfQ/one.tf /two.tf/five.tfQ/four.tf /two.tf/four.tfQ/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tf | Net debt MSEK | Net debt and net debt/EBITDA, excl. IFRS /one.tf/six.tf
  • Net debt MSEK | Net debt and net debt/EBITDA, excl. IFRS /one.tf/six.tf | Net debt/EBITDA times, R/one.tf/two.tf
  • Net debt and net debt/EBITDA, excl. IFRS /one.tf/six.tf | Net debt/EBITDA times, R/one.tf/two.tf | /zero.tf./zero.tf
  • Cash and cash equivalents at end of period 497 359 497 438 | Specification of interest-bearing net debt | and EBITDA
Antal aktier
  • 1) For reconciliation of operational earnings with operating profit, see Note 3. | 2) The number of shares used in the calculation is shown in the | Consolidated Statement of Income and Other Comprehensive Income.
  • Diluted earnings per share, SEK 2.10 1.61 8.66 8.17 | Average number of shares, '000 91,975 92,536 92,389 92,527 | Average number of shares, after dilution, '000 92,522 92,919 92,944 93,042
  • Average number of shares, '000 91,975 92,536 92,389 92,527 | Average number of shares, after dilution, '000 92,522 92,919 92,944 93,042 | 1) Amortisation and depreciation according to plan by asset class:
  • Equity per share, SEK 50 51 53 54 51 53 54 57 | Average number of shares, '000 92,009 92,017 92,515 92,536 92,554 92,554 92,464 91,975 | Outstanding number of shares, '000 92,017 92,017 92,526 92,554 92,554 92,554 92,108 91,636
  • Average number of shares, '000 92,009 92,017 92,515 92,536 92,554 92,554 92,464 91,975 | Outstanding number of shares, '000 92,017 92,017 92,526 92,554 92,554 92,554 92,108 91,636 | Holdings of own shares, '000 4,283 4,283 3,774 3,746 3,746 3,746 4,192 4,663
Antal anställda
  • profit for the period compared to the previous year. | The number of employees totalled 5,625. Adjusted for | acquired and divested operations the number of employ‑
  • doubled from SEK 20 Bn to SEK 40 Bn, while the number | of employees has increased about 70 per cent. During | the period, we grew as much organically as through
  • tomer the most. Being genuine and showing respect | build confidence in Bilia and our employees. | The best service company in the business – through
  • ed to approximately MSEK 178 with an operating margin of | 4.5 per cent. The number of employees was 17 people at the | end of 2024. The purchase price on a debt and cash‑free basis
  • sales amounted to approximately MSEK 1,000, with an operating | margin of 4.5 percent. The number of employees was approxi‑ | mately 160 people. The purchase price on a debt and cash‑free
  • approximately MNOK 280 with an operating margin of 3.5 per cent. | The number of employees was 29 people at the end of 2024. The | purchase price was MNOK 55 and acquired goodwill amounts to
  • of the operations. Examples of structural costs may be | costs for reducing the number of employees and costs | for vacating a leased facility before the expiration of the
Organisk tillväxt
  • was stable across all operating coun‑ | tries and organic growth during the first | quarter amounted to 3 per cent, primarily
  • in Sweden and Western Europe reported | positive organic growth. To achieve our | objective of profitable growth, we contin‑
  • of operation. Well‑planned acquisitions contribute over | time to organic growth through our focus on efficiency | improvements and enhancements, particularly within
  • revenue in the Service Business increased organically by | 3 per cent in the first quarter. The organic growth was | primarily attributable to operations in Norway, while
  • operations in Sweden and Western Europe also reported | positive growth. Organic growth is adjusted for acquired | and divested operations, changes in exchange rates and
  • Calendar effect 0.0 0.0 0.0 0.0 | Organic growth 1.4 8.2 0.7 3.1 | 9 (28) BILIA AB | INTERIM REPORT 1 JANUARY–31 MARCH 2026
  • Turnover Service Business , % | Organic growth in the Service Business per quarter, % | Service och repair, 60
  • Reported growth, % 13.4 10.5 10.7 7.4 –2.3 7.2 3.1 4.2 | Organic growth, % 8.3 6.3 6.5 4.9 –0.7 4.1 2.1 3.1 | Business area – Car Business
Bruttomarginal
  • amounted to MSEK 23 (26). The slightly lower result was | attributable to lower turnover, while the gross margin was | at a higher level. Inventory levels of used cars are assessed
  • amounted to MSEK 8 (16). The lower result was attribut‑ | able to lower turnover, while the gross margin remained | unchanged. Inventory levels of used cars are assessed to

Fulltext

===== SIDA 1 =====

Interim Report
Q1 2026

===== SIDA 2 =====

First quarter 2026
Higher result for Sweden and Norway, stable result for Western Europe
First quarter 2026
• Net turnover amounted to MSEK 9,613 
(9,935).
• Operational earnings amounted to 
MSEK 382 (344). The higher operational 
earnings were mainly attributable to 
Sweden, but also Norway reported a 
higher result. Western Europe reported 
a somewhat lower result compared to 
previous year.
• Operating profit amounted to MSEK 329 
(294) and operating margin increased from 
3.0 per cent to 3.4 per cent.
• Net profit for the period amounted to 
MSEK 194 (149). Earnings per share 
amounted to SEK 2.11 (1.61).
• Operating cash flow amounted to MSEK 20 
(453).
First quarter April 25– 
March 26
Full year
2025MSEK 2026 2025
Net turnover 9,613 9,935 40,090 40,413
Operational earnings 1) 382 344 1,489 1,452
Operational margin, % 4.0 3.5 3.7 3.6
Operating profit 329 294 1,306 1,271
Operating margin, % 3.4 3.0 3.3 3.2
Profit before tax 251 194 980 923
Net profit for the period 194 149 805 760
Earnings per share, SEK 2) 2.11 1.61 8.72 8.22
Operating cash flow 20 453 1,675 2,108
1) For reconciliation of operational earnings with operating profit, see Note 3.
2)  The number of shares used in the calculation is shown in the  
Consolidated Statement of Income and Other  Comprehensive Income.
 2 (28) BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 3 =====

Higher result for both the Service Business 
and the Car Business 
First quarter
Our operational earnings for the quarter 
amounted to MSEK 382, which was MSEK 38 
higher compared with the previous year. The 
margin increased from 3.5 per cent in the 
previous year to 4.0 per cent this year.
The higher operational earnings for 
the quarter were attributable to both the 
Service Business and the Car Business, 
which reported earnings of MSEK 328 and 
MSEK 65, respectively. The higher result for 
the Service Business was attributable to 
Sweden and explained by high efficiency. 
The higher result for the Car Business was 
attributable to new car sales.
Underlying order intake for new cars was 
14 per cent higher compared with the pre‑
vious year. The order backlog for new cars 
amounted to approximately 17,600 cars 
at the end of the quarter, which represents 
a solid order backlog from a historical 
perspective. Net debt in relation to EBITDA 
amounted to 1.4 times, which is well below 
our target of a maximum of 2.0 times.
 
Focus on profitability and 
capital efficiency
Our Service Business and Car Business are 
operations that together form the founda‑
tion of our strategy to be a full‑service pro‑
vider throughout the car’s life cycle. Through 
our financial targets, we establish a clear 
framework for long‑term value creation.
The Service Business is a stable op‑
eration that is relatively unaffected by 
changes in the external environment. 
During the first quarter, operational earn‑
ings in the Service Business amounted to 
MSEK 328. This represented 79 per cent 
of the Group’s total earnings and was the 
highest result reported for a first quarter. 
The margin increased from 12.2 per cent 
to 12.4 per cent.
Demand within the Service Business 
was stable across all operating coun‑
tries and organic growth during the first 
quarter amounted to 3 per cent, primarily 
attributable to Norway, also operations 
in Sweden and Western Europe reported 
positive organic growth. To achieve our 
objective of profitable growth, we contin‑
uously work to improve profitability in our 
Service Business. Our Business Excellence 
team works together with the operations 
to identify the most efficient processes 
and implement them at facilities where 
there is potential for improvement.
The Car Business is an operation that 
combines a focus on capital employed 
and profitability. Our objective is to main‑
tain a high inventory turnover, particularly 
for used cars. A high inventory turnover 
contributes to lower capital employed 
and an up‑to‑date and relevant cars in 
inventory for our customers.
Uncertain external environment
Geopolitical uncertainty has resulted in a 
challenging market environment during 
the quarter, nevertheless, we reported 
order intake that was 14 per cent higher 
compared with the previous year.
In Sweden, we have seen increased 
interest from private customers in electric 
vehicles, particularly new electric car mod‑
els with longer range. In Norway, demand 
for new cars was somewhat lower at the 
beginning of the quarter, as new tax reg‑
ulations led to high deliveries in the fourth 
quarter of 2025. T owards the end of the 
quarter, however, demand and order intake 
in Norway were higher than in the previous 
year. In Belgium and Luxembourg, demand 
remained strong during the quarter.
Sales of used cars during the quarter 
were characterised by a certain degree 
of customer caution, primarily related 
to higher‑priced used electric vehicles in 
Sweden, Belgium and Luxembourg. Our 
inventory of used cars is at a solid level. 
We expect continued stable demand with‑
in the Service Business in the coming quar‑
ter. We have a strong financial position and 
a clear strategy for continued growth in the 
Service Business and for creating long‑term 
value for our customers and shareholders.
Per Avander
Managing Director and CEO
KOMMENTAR FRÅN VD
Underlying order 
intake for new cars 
was 14 per cent higher 
compared with the previous 
year.
The order back log for 
new cars at the end of 
the quarter amounted to 
around 17 ,600 cars which is 
a solid order backlog from a 
historical perspective.
THE MANAGING DIRECTOR’S COMMENTS
 3 (28) BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 4 =====

Group results
Net turnover and earnings
First quarter 2026
Net turnover amounted to MSEK 9,613 (9,935). Adjusted 
for acquired and divested operations and for exchange 
rate fluctuations, net turnover decreased by 4 per cent. 
Exchange rate fluctuations had a negative impact on net 
turnover with approximately MSEK 120 compared to the 
previous year. 
Operational earnings amounted to MSEK 382 (344), 
and the operational margin was 4.0 per cent (3.5).  
The Service Business reported a result of MSEK 328 (310). 
The Car Business reported a result of MSEK 65 (57).  
The Fuel Business reported a result of MSEK 21 (15). 
The operation in Sweden reported a result of MSEK 275 
(245). The margin amounted to 4.5 per cent (3.9). The 
operation in Norway reported a result of MSEK 69 (62). The 
margin was 3.0 per cent (2.7). The operation in Western 
Europe reported a result of MSEK 71 (75). The margin was 
6.1 per cent (5.4). In Sweden, the higher result was mainly 
attributable to the Service Business. In Norway, the higher 
result were mainly attributable to sales of new cars. In 
Western Europe the somewhat lower result was attributa‑
ble to the Service Business.
Operating profit amounted to MSEK 329 (294). Operat‑
ing profit included result from interests in joint ventures of 
MSEK –4 (–2).
Net financial items amounted to MSEK –78 (–100), the 
net was positively impacted by lower interest expenses 
attributable to interest‑bearing debt and higher result 
from interests in associated companies. 
Tax amounted to MSEK –57 (–45). The effective tax rate 
was 23 per cent (23).
Net profit for the period amounted to MSEK 194 (149). 
Earnings per share amounted to SEK 2.11 (1.61). Exchange 
rate fluctuations did not have a material impact on net 
profit for the period compared to the previous year.
The number of employees totalled 5,625. Adjusted for 
acquired and divested operations the number of employ‑
ees decreased by 85 persons compared to the previous 
year.
 The operating result for the Parent Company during 
the quarter amounted to MSEK –37 (–43). The result was 
positively impacted by MSEK 4 regarding revaluation of 
pension related endowment insurances compared to the 
previous year.
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Net turnover MSEK
Net turnover
Net turnover MSEK, R/one.tf/two.tf
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Operational earnings MSEK
Operational earnings and margin
Margin %, R/one.tf/two.tf
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GROUP RESUL TS 4 (28) BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 5 =====

A better 
experience
At Bilia we strive for continuous development, 
to be a little better each day, whatever our title 
or position. Working in a goal‑conscious way 
founded on our vision, core values and 
customer promise creates a positive spiral, 
enabling us to exceed expectations and 
provide a better experience for cus tomers and 
colleagues alike.
GROUP RESUL TS
Net turnover by geographic market
First quarter April 25– 
March 26
Full year
2025MSEK 2026 2025
Sweden 6,166 6,266 25,919 26,019
Norway 2,254 2,284 9,603 9,633
Western Europe 1,169 1,372 4,442 4,646
Parent Company, other 24 13 127 116
Total 9,613 9,935 40,090 40,413
Operational earnings by geographic market
First quarter April 25– 
March 26
Full year
2025MSEK 2026 2025
Sweden 275 245 1,056 1,026
Norway 69 62 325 318
Western Europe 71 75 255 259
Parent Company, other –33 –38 –147 –152
Total 382 344 1,489 1,452
Operational margin by geographic market
First quarter April 25– 
March 26
Full year
2025Per cent 2026 2025
Sweden 4.5 3.9 4.1 3.9
Norway 3.0 2.7 3.4 3.3
Western Europe 6.1 5.4 5.7 5.6
Total 4.0 3.5 3.7 3.6
 5 (28) BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 6 =====

Operating cash flow 
Operating cash flow for the quarter amounted to 
MSEK 20 (453). The lower cash flow was attributable to 
higher inventories of new cars and higher trade receiva‑
bles. Over the past six months, operational cash flow was 
in line with the previous year. After acquisition of opera‑
tions and changes in financial assets, cash flow for the 
quarter amounted to MSEK 101 (498). 
Financial position
The balance sheet total increased by MSEK 747 during 
the year and amounted to MSEK 20,976. The increase 
was mainly attributable to leased vehicles, inventory and 
trade receivables.
Equity increased by MSEK 241 during the year and 
amounted to MSEK 5,245. The Annual General Meeting in 
2025 resolved to distribute dividends to shareholders of 
MSEK 518, and during the first quarter the final instal‑
ment of MSEK 129 was paid to shareholders. In Novem‑
ber 2025, the Board of Directors decided to repurchase a 
maximum of 1,250,000 shares up to the Annual General 
Meeting in 2026, at a maximum value of MSEK 150. 
During the first quarter, 471,100 treasury shares were re‑
purchased at a value of MSEK 59. In total, 917 ,500 shares 
have been repurchased at a value of MSEK 116, corre‑
sponding to an average price per share of SEK 126.12. 
Holdings of own shares as at 31 March 2026 amounted 
to 4,663,492 shares. The equity ratio amounted to 25 per 
cent (25).
Net debt increased by MSEK 432 during the year and 
amounted to MSEK 8,054. Net debt excluding lease liabili‑
ties attributable to IFRS 16 amounted to MSEK 2,582, 
an increase of MSEK 340 compared with December 
2025. Net debt in relation to EBITDA, excluding IFRS 16, 
amounted to 1.4 times, compared with 1.3 times at the 
end of 2025.
During the year, payments of MSEK 48 were received 
relating to the divestment of minor operations in Sweden 
and Norway.
At the end of the quarter, credit facilities with Nordea 
and DNB were utilised with the amount of MSEK 1,018 of 
the total credit limit of MSEK 2,300.
Investments
Acquisitions of non-current assets during the quarter 
amounted to MSEK 81 (88) excluding leased vehicles and 
MSEK 658 (382) including leased vehicles. By geograph‑
ical market, the investments amounted to MSEK 507 
(298) in Sweden, MSEK 115 (34) in Norway, MSEK 6 (14) in 
Western Europe and MSEK 30 (37) for the Parent Compa‑
ny and other central operations.
Q/one.tf /two.tf/six.tfQ/four.tf /two.tf/five.tfQ/three.tf /two.tf/five.tfQ/two.tf /two.tf/five.tfQ/one.tf /two.tf/five.tfQ/four.tf /two.tf/four.tfQ/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tf
Operating cash flow MSEK, R/one.tf/two.tf
Operating cash flow
/zero.tf
/five.tf/zero.tf/zero.tf
/one.tf,/zero.tf/zero.tf/zero.tf
/one.tf,/five.tf/zero.tf/zero.tf
/two.tf,/zero.tf/zero.tf/zero.tf
/two.tf,/five.tf/zero.tf/zero.tf
Q/one.tf /two.tf/six.tfQ/four.tf /two.tf/five.tfQ/three.tf /two.tf/five.tfQ/two.tf /two.tf/five.tfQ/one.tf /two.tf/five.tfQ/four.tf /two.tf/four.tfQ/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tf
Net debt MSEK
Net debt and net debt/EBITDA, excl. IFRS /one.tf/six.tf
Net debt/EBITDA times, R/one.tf/two.tf
/zero.tf./zero.tf
/zero.tf./five.tf
/one.tf./zero.tf
/one.tf./five.tf
/two.tf./zero.tf
/two.tf./five.tf
/three.tf./zero.tf
/zero.tf
/five.tf/zero.tf/zero.tf
/one.tf,/zero.tf/zero.tf/zero.tf
/one.tf,/five.tf/zero.tf/zero.tf
/two.tf,/zero.tf/zero.tf/zero.tf
/two.tf,/five.tf/zero.tf/zero.tf
/three.tf,/zero.tf/zero.tf/zero.tf
Q/one.tf /two.tf/six.tfQ/four.tf /two.tf/five.tfQ/three.tf /two.tf/five.tfQ/two.tf /two.tf/five.tfQ/one.tf /two.tf/five.tfQ/four.tf /two.tf/four.tfQ/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tf
Investments MSEK, R/one.tf/two.tf
Investments in non-current assets
in % of net turnover, R/one.tf/two.tf
/zero.tf
/five.tf/zero.tf/zero.tf
/one.tf,/zero.tf/zero.tf/zero.tf
/one.tf,/five.tf/zero.tf/zero.tf
/two.tf,/zero.tf/zero.tf/zero.tf
/two.tf,/five.tf/zero.tf/zero.tf
/zero.tf./zero.tf
/two.tf./zero.tf
/four.tf./zero.tf
/six.tf./zero.tf
/eight.tf./zero.tf
/one.tf/zero.tf./zero.tf
GROUP RESUL TS 6 (28) BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 7 =====

NOT ABLE EVENTS
Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter 
vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna.
Kundservice
T elefon och online.
Butik 
Tillbehör, reservdelar och e-handel.
Glascenter
Glasbehandling, glasreparation 
och vindrutebyten.
Däckcenter
Däckhotell, däckbyte, däck-
försäljning och verkstadstjänster.
Bilköp 
Finansiering, försäkring, biliakort, 
serviceabonnemang, däckhotell, 
lackbehandling samt tillbehörs- 
& däckförsäljning.
Servicecenter 
Originalservice, personlig 
servicetekniker och reparationer
Stationer
Drivmedel och biltvätt.
Bilvård
Rekonditionering och AC- rengöring
Skadecenter
Vägassistans, plåtverkstad, 
lackverkstad, buckelborttagning och 
bildemontering.
Hyrbilar
Uthyrning och Flexlease
Car purchase 
Financing, insurance, the 
 Bilia‑card, service subscrip‑
tions, tyre hotels, paint 
shops,  accessory and tyre 
and wheel sales.
Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter 
vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna.
Kundservice
T elefon och online.
Butik 
Tillbehör, reservdelar och e-handel.
Glascenter
Glasbehandling, glasreparation 
och vindrutebyten.
Däckcenter
Däckhotell, däckbyte, däck-
försäljning och verkstadstjänster.
Bilköp 
Finansiering, försäkring, biliakort, 
serviceabonnemang, däckhotell, 
lackbehandling samt tillbehörs- 
& däckförsäljning.
Servicecenter 
Originalservice, personlig 
servicetekniker och reparationer
Stationer
Drivmedel och biltvätt.
Bilvård
Rekonditionering och AC- rengöring
Skadecenter
Vägassistans, plåtverkstad, 
lackverkstad, buckelborttagning och 
bildemontering.
Hyrbilar
Uthyrning och Flexlease
Store 
Accessories, spare parts  
and  e‑commerce.
Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter 
vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna.
Kundservice
T elefon och online.
Butik 
Tillbehör, reservdelar och e-handel.
Glascenter
Glasbehandling, glasreparation 
och vindrutebyten.
Däckcenter
Däckhotell, däckbyte, däck-
försäljning och verkstadstjänster.
Bilköp 
Finansiering, försäkring, biliakort, 
serviceabonnemang, däckhotell, 
lackbehandling samt tillbehörs- 
& däckförsäljning.
Servicecenter 
Originalservice, personlig 
servicetekniker och reparationer
Stationer
Drivmedel och biltvätt.
Bilvård
Rekonditionering och AC- rengöring
Skadecenter
Vägassistans, plåtverkstad, 
lackverkstad, buckelborttagning och 
bildemontering.
Hyrbilar
Uthyrning och Flexlease
Stations
Fuels and car washes.
Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter 
vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna.
Kundservice
T elefon och online.
Butik 
Tillbehör, reservdelar och e-handel.
Glascenter
Glasbehandling, glasreparation 
och vindrutebyten.
Däckcenter
Däckhotell, däckbyte, däck-
försäljning och verkstadstjänster.
Bilköp 
Finansiering, försäkring, biliakort, 
serviceabonnemang, däckhotell, 
lackbehandling samt tillbehörs- 
& däckförsäljning.
Servicecenter 
Originalservice, personlig 
servicetekniker och reparationer
Stationer
Drivmedel och biltvätt.
Bilvård
Rekonditionering och AC- rengöring
Skadecenter
Vägassistans, plåtverkstad, 
lackverkstad, buckelborttagning och 
bildemontering.
Hyrbilar
Uthyrning och Flexlease
Tyre centres
Tyre hotels, wheel change, 
tyre and wheel sales and 
workshop services.
Rim repair
Renovation of rims.
Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter 
vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna.
Kundservice
T elefon och online.
Butik 
Tillbehör, reservdelar och e-handel.
Glascenter
Glasbehandling, glasreparation 
och vindrutebyten.
Däckcenter
Däckhotell, däckbyte, däck-
försäljning och verkstadstjänster.
Bilköp 
Finansiering, försäkring, biliakort, 
serviceabonnemang, däckhotell, 
lackbehandling samt tillbehörs- 
& däckförsäljning.
Servicecenter 
Originalservice, personlig 
servicetekniker och reparationer
Stationer
Drivmedel och biltvätt.
Bilvård
Rekonditionering och AC- rengöring
Skadecenter
Vägassistans, plåtverkstad, 
lackverkstad, buckelborttagning och 
bildemontering.
Hyrbilar
Uthyrning och Flexlease
Service
Original service, personal 
service  technicians and 
repairs.
Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter 
vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna.
Kundservice
T elefon och online.
Butik 
Tillbehör, reservdelar och e-handel.
Glascenter
Glasbehandling, glasreparation 
och vindrutebyten.
Däckcenter
Däckhotell, däckbyte, däck-
försäljning och verkstadstjänster.
Bilköp 
Finansiering, försäkring, biliakort, 
serviceabonnemang, däckhotell, 
lackbehandling samt tillbehörs- 
& däckförsäljning.
Servicecenter 
Originalservice, personlig 
servicetekniker och reparationer
Stationer
Drivmedel och biltvätt.
Bilvård
Rekonditionering och AC- rengöring
Skadecenter
Vägassistans, plåtverkstad, 
lackverkstad, buckelborttagning och 
bildemontering.
Hyrbilar
Uthyrning och Flexlease
Car glass
Glass treatment, glass  
repair and  windscreen 
replacement.
Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter 
vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna.
Kundservice
T elefon och online.
Butik 
Tillbehör, reservdelar och e-handel.
Glascenter
Glasbehandling, glasreparation 
och vindrutebyten.
Däckcenter
Däckhotell, däckbyte, däck-
försäljning och verkstadstjänster.
Bilköp 
Finansiering, försäkring, biliakort, 
serviceabonnemang, däckhotell, 
lackbehandling samt tillbehörs- 
& däckförsäljning.
Servicecenter 
Originalservice, personlig 
servicetekniker och reparationer
Stationer
Drivmedel och biltvätt.
Bilvård
Rekonditionering och AC- rengöring
Skadecenter
Vägassistans, plåtverkstad, 
lackverkstad, buckelborttagning och 
bildemontering.
Hyrbilar
Uthyrning och Flexlease
Car care
Reconditioning and 
AC‑cleaning.
Bilia är en One Stop Shop, med ett brett utbud av produkter och tjänster. Genom bilköpet knyter 
vi kunderna till oss. Våra anläggningar och digitala kanaler är de centrala kontaktytorna.
Kundservice
T elefon och online.
Butik 
Tillbehör, reservdelar och e-handel.
Glascenter
Glasbehandling, glasreparation 
och vindrutebyten.
Däckcenter
Däckhotell, däckbyte, däck-
försäljning och verkstadstjänster.
Bilköp 
Finansiering, försäkring, biliakort, 
serviceabonnemang, däckhotell, 
lackbehandling samt tillbehörs- 
& däckförsäljning.
Servicecenter 
Originalservice, personlig 
servicetekniker och reparationer
Stationer
Drivmedel och biltvätt.
Bilvård
Rekonditionering och AC- rengöring
Skadecenter
Vägassistans, plåtverkstad, 
lackverkstad, buckelborttagning och 
bildemontering.
Hyrbilar
Uthyrning och Flexlease
Damage
Roadside assistance,  
body shop, paint shop  
and dent removal.
Kundservice
T elefon & online.
Reuse
Bildemontering & bildelar
7     BIL I A Å R S R E D O VIS NING  2 0 1 9
A f f ä r s m odell o c h s t r a t e g i
Butik 
Tillbehör, reservdelar 
& e-handel.
Glascenter
Glasbehandling, glas-
reparation & vindrutebyten.
Däckcenter
Däckhotell, däckbyte, däck-
försäljning & verkstadstjänster.
Bilköp 
Finansiering, försäkring, biliakort, serviceabonnemang, 
däckhotell, lackbehandling samt tillbehörs- & däckförsäljning.
Servicecenter 
Originalservice, personlig 
servicetekniker & reparationer
Stationer
Drivmedel & biltvätt.
Bilvård
Rekonditionering 
& AC- rengöring
Skadecenter
Vägassistans, plåtverkstad, 
lackverkstad & buckelborttagning
Hyrbilar
Uthyrning & Flexlease
Rental cars
Rentals and Flexlease.
Kundservice
T elefon & online.
Reuse
Bildemontering & bildelar
7     BIL I A Å R S R E D O VIS NING  2 0 1 9
A f f ä r s m odell o c h s t r a t e g i
Butik 
Tillbehör, reservdelar 
& e-handel.
Glascenter
Glasbehandling, glas-
reparation & vindrutebyten.
Däckcenter
Däckhotell, däckbyte, däck-
försäljning & verkstadstjänster.
Bilköp 
Finansiering, försäkring, biliakort, serviceabonnemang, 
däckhotell, lackbehandling samt tillbehörs- & däckförsäljning.
Servicecenter 
Originalservice, personlig 
servicetekniker & reparationer
Stationer
Drivmedel & biltvätt.
Bilvård
Rekonditionering 
& AC- rengöring
Skadecenter
Vägassistans, plåtverkstad, 
lackverkstad & buckelborttagning
Hyrbilar
Uthyrning & Flexlease
Car dismantling
Dismantling, reuse and sales 
of used car parts.
We offer services for everything related to car ownership during  
the car’s entire life cycle, from the purchase of a new car  
to recycling parts from a dismantled car. 
Events during the first quarter
• No significant events have occurred during the quarter. 
Events after the balance sheet date
• No significant events have occurred after the balance sheet date.
Further information along with other press information is  available 
at bilia.com.
Notable events
 7 (28) BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOT ABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 8 =====

We aim to generate annual growth above 5 per cent over 
time. Average growth over the past six years has been 
6 per cent, and between 2015 and 2025 our turnover has 
doubled from SEK 20 Bn to SEK 40 Bn, while the number 
of employees has increased about 70 per cent. During 
the period, we grew as much organically as through 
acquisitions. 
Growth in existing businesses
Our continuous efforts to improve and develop the exist‑
ing business ensure that we grow organically in the best 
possible way while maintaining or improving profitability 
and meeting today’s sustainability requirements. We 
continue to work across all our existing operations within 
both the Service Business and the Car Business to further 
improve and streamline these operations.
Growth through acquisitions
Bilia has a broad and well‑established platform in terms 
of car brands, service operations, and geographical 
presence. Over the past decade, we have completed 
approximately 50 acquisitions, resulting in expansion 
into new countries, car brands and service operations. In 
light of the ongoing consolidation in the industry, we see 
good opportunities to create continued growth through 
future acquisitions in areas of strategic importance to 
us. We aim to grow in Sweden, Norway, Luxembourg 
and Belgium, but may also consider other European 
countries at the right time. In addition, we aim to expand 
the Service Business through acquisitions in new areas 
of operation. Well‑planned acquisitions contribute over 
time to organic growth through our focus on efficiency 
improvements and enhancements, particularly within 
the Service Business.
A sustainable growth strategy
GROWTH STRA TEGY
LBs Lastbilar AB
Kokstad 
 
Autosenter ASBil1Din Holding AB
AS Insignia
M Bilar Group AB
Carlo Schmitz S.à r.lLunds Bil i Varberg AB
Holmgrens 
 
Truck-Motor AB Bilcentergruppen Sörmland ABB MotorGroup Stockholm AB
Bil AB Ove Olofsson & 
Olofsson Däckcenter AB
Söderbergs Person
-
bilar i Norrköping ABHellgrens Lastvagns
-
service AB & Skellefteå 
 
Billackering AB
 2022 2023 2024 2025
  OUR CAR BRANDS
Tage Rejmes Lastvagnar AB
Tage Rejmes i Örebro
 
Lastvagnar AB
Sandven AS
 8 (28) BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRA TEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 9 =====

Higher result and higher margin in the Service Business
Turnover and earnings
First quarter 2026
During the quarter, turnover adjusted for currency 
increased by 5 per cent compared with the previous 
year. Adjusted also for acquired and divested operations, 
revenue in the Service Business increased organically by 
3 per cent in the first quarter. The organic growth was 
primarily attributable to operations in Norway, while 
operations in Sweden and Western Europe also reported 
positive growth. Organic growth is adjusted for acquired 
and divested operations, changes in exchange rates and 
the number of working days compared with the previous 
year. During the quarter, the number of working days was 
the same as previous year in all our countries.
Operational earnings amounted to MSEK 328 (310) and 
the margin to 12.4 per cent (12.2). The higher result for the 
Service Business was primarily attributable to increased 
efficiency, a higher number of cars delivered and other 
operations such as wheel storage and tyre sales.
In Sweden, operational earnings amounted to MSEK 
250 (229). In Norway, operational earnings amounted 
to MSEK 59 (59). In Western Europe, operational earn‑
ings amounted to MSEK 19 (22). 
The booking situation for our workshops during the 
quarter remained at a somewhat low level in Sweden, 
while it was at a good level in Norway and Western 
Europe.
Serviceaffären
First quarter 2026
• Turnover amounted to MSEK 2,645 (2,539), an 
increase of 4 per cent. 
• Operational earnings amounted to MSEK 328 
(310).
• The margin was 12.4 per cent (12.2).
SERVICE BUSINESS
Growth in the Service Business
First quarter
Per cent Sweden Norway
Western 
Europe Tota l
Reported growth 4.7 5.4 -4.1 4.2
Underlying growth 1.4 8.2 0.7 3.1
Calendar effect 0.0 0.0 0.0 0.0
Organic growth 1.4 8.2 0.7 3.1
 9 (28) BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS  | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 10 =====

Q/one.tf /two.tf/six.tfQ/four.tf /two.tf/five.tfQ/three.tf /two.tf/five.tfQ/two.tf /two.tf/five.tfQ/one.tf /two.tf/five.tfQ/four.tf /two.tf/four.tfQ/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tf
Turnover MSEK
Turnover
Turnover MSEK, R/one.tf/two.tf
/five.tf/zero.tf/zero.tf
/one.tf,/zero.tf/zero.tf/zero.tf
/one.tf,/five.tf/zero.tf/zero.tf
/two.tf,/zero.tf/zero.tf/zero.tf
/two.tf,/five.tf/zero.tf/zero.tf
/three.tf,/zero.tf/zero.tf/zero.tf
/six.tf,/zero.tf/zero.tf/zero.tf
/seven.tf,/zero.tf/zero.tf/zero.tf
/eight.tf,/zero.tf/zero.tf/zero.tf
/nine.tf,/zero.tf/zero.tf/zero.tf
/one.tf/zero.tf,/zero.tf/zero.tf/zero.tf
/one.tf/one.tf,/zero.tf/zero.tf/zero.tf
/zero.tf
/one.tf/zero.tf/zero.tf
/two.tf/zero.tf/zero.tf
/three.tf/zero.tf/zero.tf
/four.tf/zero.tf/zero.tf
Q/one.tf /two.tf/six.tfQ/four.tf /two.tf/five.tfQ/three.tf /two.tf/five.tfQ/two.tf /two.tf/five.tfQ/one.tf /two.tf/five.tfQ/four.tf /two.tf/four.tfQ/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tf
Operational earnings MSEK
Operational earnings and margin
Margin %, R/one.tf/two.tf
/four.tf./zero.tf
/eight.tf./zero.tf
/one.tf/two.tf./zero.tf
/one.tf/six.tf./zero.tf
/two.tf/zero.tf./zero.tf
SERVICE BUSINESS
Turnover by geographic market
First quarter April 25– 
March 26
Full year
2025MSEK 2026 2025
Sweden 1,762 1,683 6,809 6,730
Norway 684 648 2,557 2,522
Western Europe 199 207 830 838
Total 2,645 2,539 10,196 10,090
Operational earnings by geographic market
First quarter April 25– 
March 26
Full year
2025MSEK 2026 2025
Sweden 250 229 903 882
Norway 59 59 210 211
Western Europe 19 22 94 98
Total 328 310 1,208 1,190
Margin by geographic market
First quarter April 25– 
March 26
Full year
2025Per cent 2026 2025
Sweden 14.2 13.6 13.3 13.1
Norway 8.6 9.1 8.2 8.3
Western Europe 9.4 10.6 11.4 11.7
Total 12.4 12.2 11.8 11.8
 10 (28)  BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS  | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 11 =====

Turnover in the Service Business comes from different 
services that are adapted according to customers’ needs 
and expectations. Services encompass service centres, 
repair workshops, wheel storage and tyre sales, glass 
repair and replacement, car dismantling and sales of used 
spare parts.
Our target is to grow the turnover and profitability of 
our Service Business. Since 2015, the turnover has more 
than doubled, while the operational earnings has almost 
tripled. The margin has during the same period increased 
from 9.7 per cent to 12.4 per cent. The lower margin com‑
pared to previous years is primarily explained by some‑
what lower profitability in new operations, which includes 
both acquired operations and newly started operations. 
Demand in the Service Business is impacted by the 
weak new car sales in recent years. In 2025, the Swedish 
total market for new cars was almost 20 per cent lower 
compared to the average for the past ten years. The mar‑
ket is now considered to have reached its bottom level 
and a gradual recovery is expected going forward. 
We work continuously to improve the profitability of our 
Service Business. Our Business Excellence team together 
with our team within the Service Business identify the 
most effective processes and then implements these at 
the facilities where there is improvement potential as well 
as at our newly started and newly acquired businesses.
The number of wheels stored on behalf of our customers amount‑
ed to 419,000 (421,000 at year‑end 2025).
-/five.tf
/zero.tf
/five.tf
/one.tf/zero.tf
/one.tf/five.tf
Q/four.tf
/two.tf/five.tf
Q/one.tf
/two.tf/six.tf
Q/three.tf
/two.tf/five.tf
Q/two.tf
/two.tf/five.tf
Q/one.tf
/two.tf/five.tf
Q/four.tf
/two.tf/four.tf
Q/three.tf
/two.tf/four.tf
Q/two.tf
/two.tf/four.tf
Q/one.tf
/two.tf/four.tf
Q/four.tf
/two.tf/three.tf
Q/three.tf
/two.tf/three.tf
Q/two.tf
/two.tf/three.tf
Turnover Service Business , %
Organic growth in the Service Business per quarter, %
Service och repair, 60 
Damage centres incl. paint shop, 20
Tyres, wheels and glass, 15
Car dismantling, 5
/two.tf/zero.tf/two.tf/six.tf
Q/one.tf
/two.tf/zero.tf/two.tf/five.tf/two.tf/zero.tf/two.tf/four.tf/two.tf/zero.tf/two.tf/three.tf/two.tf/zero.tf/two.tf/two.tf/two.tf/zero.tf/two.tf/one.tf/two.tf/zero.tf/two.tf/zero.tf/two.tf/zero.tf/one.tf/nine.tf/two.tf/zero.tf/one.tf/eight.tf/two.tf/zero.tf/one.tf/seven.tf/two.tf/zero.tf/one.tf/six.tf/two.tf/zero.tf/one.tf/five.tf/zero.tf
/one.tf/five.tf/zero.tf,/zero.tf/zero.tf/zero.tf
/three.tf/zero.tf/zero.tf,/zero.tf/zero.tf/zero.tf
/four.tf/five.tf/zero.tf,/zero.tf/zero.tf/zero.tf
Wheels in storage
SERVICE BUSINESS
Service Business  development since 2015 – First quarter
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
Net turnover, MSEK 1,048 1,223 1,500 1,561 1,704 1,796 1,880 2,056 2,257 2,363 2,539 2,645
Operational earnings, MSEK 102 130 193 169 218 263 319 315 297 281 310 328
Operational margin, % 9.7 10.6 12.9 10.8 12.8 14.7 16.9 15.3 13.2 11.9 12.2 12.4
 11 (28)  BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS  | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 12 =====

Bilaffären
Higher order intake and higher order backlog for new cars in the Car Business
Turnover and earnings
First quarter 2026
Deliveries of new cars,adjusted for acquired and 
divested operations, were 11 per cent higher during the 
quarter compared with the previous year. The higher 
deliveries of new cars were primarily attributable to Nor‑
way and Sweden. Belgium delivered slightly more cars, 
while Luxembourg delivered slightly fewer cars during 
the quarter.
Deliveries of used cars, adjusted for acquired and di‑
vested operations ,were on the contrary 12 percent lower 
compared with the previous year. Deliveries of used cars 
were mainly lower in Sweden and Norway, while they were 
in line with the previous year in Belgium and Luxembourg.
Order intake for new cars, adjusted for acquired and 
divested operations, remained strong during the quarter 
and was 14 percent higher compared with the previous 
year. The higher underlying order intake was attributable 
to Sweden, Luxembourg, and Belgium, while Norway 
reported lower order intake compared with the previous 
year.
The order backlog amounted to 17,573 cars, which on 
an underlying basis was approximately 3,000 cars higher 
compared with the previous year. From a historical per‑
spective, the order backlog was at a solid level, explained 
by high order intake related to future deliveries of car 
models that are not yet available on the market.
First quarter 2026
• Turnover amounted to MSEK 7 ,428 (7 ,798). 
• Operational earnings amounted to MSEK 65 
(57). 
• The margin was 0.9 per cent (0.7).
CAR BUSINESS
New cars by geographic market
Deliveries Order backlog
First quarter April 25– 
March 26
Helåret 
2025
31 March 
2026
31 March 
2025Number of 2026 2025
Sweden 1) 7,368 6,427 30,813 29,872 10,526 8,368
Norway 2,457 2,011 11,312 10,866 3,721 2,760
Western Europe 1,791 1,767 6,623 6,599 3,326 3,046
Total 11,616 10,205 48,748 47, 3 3 7 17,573 14,174
1)  Acquired and new operations are included in deliveries during the quarter with 324 and with 473 in order backlog. Divested 
operations are included in deliveries the previous year during the quarter with 25 and with 49 in order backlog.
 12 (28)  BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 13 =====

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Turnover MSEK
Turnover
Turnover MSEK, R/one.tf/two.tf
/zero.tf
/two.tf,/zero.tf/zero.tf/zero.tf
/four.tf,/zero.tf/zero.tf/zero.tf
/six.tf,/zero.tf/zero.tf/zero.tf
/eight.tf,/zero.tf/zero.tf/zero.tf
/one.tf/zero.tf,/zero.tf/zero.tf/zero.tf
/two.tf/four.tf,/zero.tf/zero.tf/zero.tf
/two.tf/six.tf,/zero.tf/zero.tf/zero.tf
/two.tf/eight.tf,/zero.tf/zero.tf/zero.tf
/three.tf/zero.tf,/zero.tf/zero.tf/zero.tf
/three.tf/two.tf,/zero.tf/zero.tf/zero.tf
/three.tf/four.tf,/zero.tf/zero.tf/zero.tf
/zero.tf
/five.tf/zero.tf
/one.tf/zero.tf/zero.tf
/one.tf/five.tf/zero.tf
/two.tf/zero.tf/zero.tf
/two.tf/five.tf/zero.tf
Q/one.tf /two.tf/six.tfQ/four.tf /two.tf/five.tfQ/three.tf /two.tf/five.tfQ/two.tf /two.tf/five.tfQ/one.tf /two.tf/five.tfQ/four.tf /two.tf/four.tfQ/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tf
Operational earnings MSEK
Operational earnings and margin
Margin %, R/one.tf/two.tf
/zero.tf./zero.tf
/one.tf./zero.tf
/two.tf./zero.tf
/three.tf./zero.tf
/four.tf./zero.tf
/five.tf./zero.tf
Turnover during the quarter, adjusted for acquired and 
divested operations as well as changes in exchange rates, 
was 5 per cent lower compared with the previous year. 
Turnover for the quarter was affected by a higher share of 
cars with repurchase agreements, for which turnover and 
earnings are recognised over the future lease period of 
approximately three years.
Operational earnings amounted to MSEK 65 (57) and 
the margin was 0.9 per cent (0.7). The result from used car 
sales was at a lower but still solid level and amounted to 
MSEK 38 (55). The lower result was primarily attributable 
to Norway and Western Europe. The result from new car 
sales amounted to MSEK 27 (2). The higher result was 
attributable to Norway and Sweden.
The Car Business in Sweden reported operational 
earnings of MSEK 3 (1). The result from used car sales 
amounted to MSEK 23 (26). The slightly lower result was 
attributable to lower turnover, while the gross margin was 
at a higher level. Inventory levels of used cars are assessed 
to be at a solid level at the end of the quarter. The result 
from new car sales amounted to MSEK –20 (–25). The im‑
proved result was attributable to a higher number of cars 
delivered and higher gross profit margin.
The Car Business in Norway reported operational 
earnings of MSEK 10 (3). The result from used car sales 
amounted to MSEK 8 (16). The lower result was attribut‑
able to lower turnover, while the gross margin remained 
unchanged. Inventory levels of used cars are assessed to 
be at a solid level at the end of the quarter. The result from 
new car sales amounted to MSEK 2 (–13). The higher result 
was attributable to a higher number of new car deliveries 
and higher gross profit margin.
The Car Business in Western Europe reported operation‑
al earnings of MSEK 52 (53). The result from used car sales 
amounted to MSEK 7 (13). The result from new car sales 
amounted to MSEK 45 (40). 
CAR BUSINESS
Deliveries of used cars by geographic market
First quarter April 25– 
March 26
Full year
2025Number of 2026 2025
Sweden 1) 8,249 9,424 35,153 36,328
Norway 3,076 3,433 12,611 12,968
Western Europe 935 933 3,395 3,393
Total 12,260 13,790 51,159 52,689
1)  Acquired operations are included in deliveries during the quarter with 65. Divested operations are included in deliveries during the 
quarter the previous year with 9.
 13 (28)  BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 14 =====

CAR BUSINESS
Turnover by geographic market
First quarter April 25– 
March 26
Full year
2025MSEK 2026 2025
Sweden 4,638 4,777 19,940 20,080
Norway 1,792 1,829 7,866 7,903
Western Europe 998 1,192 3,744 3,937
Total 7,428 7,798 31,550 31,920
Operational earnings by geographic market
First quarter April 25– 
March 26
Full year
2025MSEK 2026 2025
Sweden 3 1 111 109
Norway 10 3 115 108
Western Europe 52 53 160 161
Total 65 57 386 377
Margin by geographic market
First quarter April 25– 
March 26
Full year
2025Per cent 2026 2025
Sweden 0.1 0.0 0.6 0.5
Norway 0.5 0.1 1.5 1.4
Western Europe 5.2 4.4 4.3 4.1
Total 0.9 0.7 1.2 1.2
 14 (28)  BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 15 =====

Drivmedelsaffären
Higher result in the Fuel Business
Turnover and earnings
First quarter 2026
The Fuel Business encompasses fuel stations and car 
washes and is concentrated to Sweden. The result 
for the quarter amounted to MSEK 21 (15). During the 
quarter, volumes of fuel sold were 5 per cent lower com‑
pared with the previous year. Earnings were positively 
affected by higher fuel prices during the quarter.
First quarter 2026
• Turnover amounted to MSEK 193 (198),  
a decrease of 2 per cent. 
• Operational earnings amounted to MSEK 21 
(15).
• The margin was 11.1 per cent (7 .6).
/zero.tf
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/three.tf/zero.tf/zero.tf
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Turnover MSEK
Turnover
Turnover MSEK, R/one.tf/two.tf
/zero.tf
/five.tf/zero.tf/zero.tf
/one.tf,/zero.tf/zero.tf/zero.tf
/one.tf,/five.tf/zero.tf/zero.tf
/zero.tf
/five.tf
/one.tf/zero.tf
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/two.tf/five.tf
Q/one.tf /two.tf/six.tfQ/four.tf /two.tf/five.tfQ/three.tf /two.tf/five.tfQ/two.tf /two.tf/five.tfQ/one.tf /two.tf/five.tfQ/four.tf /two.tf/four.tfQ/three.tf /two.tf/four.tfQ/two.tf /two.tf/four.tf
Operational earnings MSEK
Operational earnings and margin
Margin %, R/one.tf/two.tf
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/six.tf./zero.tf
FUEL BUSINESS
Fuel Business
First quarter April 25– Full year
2026 2025 March 26 2025
Turnover, MSEK 193 198 773 778
Operational earnings, MSEK 21 15 42 36
Margin, per cent 11.1 7.6 5.5 4.6
 15 (28)  BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 16 =====

In the 2025 Annual Report, Bilia prepared 
its first sustainability report in accordance 
with the CSRD. This involved a focused and 
structured effort during the previous year, 
including the identification of material 
sustainability matters and further develop‑
ment of our management of environmen‑
tal, social and governance (ESG) topics.
The material sustainability areas iden‑
tified were Climate Change, Pollution, 
Resource Use and Circular Economy, Own 
Workforce, Workers in the Value Chain and 
Responsible Business Conduct. Sustain‑
ability matters are regularly discussed by 
Bilia’s Board of Directors, Audit Committee 
and Group Management to ensure that 
the management of impacts, risks and op‑
portunities is integrated into the business.
Sustainability, and climate change in par‑
ticular, is viewed as a key challenge that the 
automotive industry must address in order 
to ensure long term viability. In addition to 
regulatory requirements, these challeng‑
es are also driven by expectations and 
demands from our partners, in particular 
vehicle manufacturers and customers.
A circular business model
Sustainability is an integrated part of Bilia’s 
strategy and business model. Through our 
Service Business, we enable longer and 
more sustainable use of vehicles by pro‑
viding maintenance and repair services. 
Through our Car Business, we contribute 
to extended vehicle lifecycles through the 
sale of used cars.
In recent years, Bilia has taken further 
steps to support circularity by acquiring 
and establishing vehicle dismantling oper‑
ations. T oday, Bilia operates five disman‑
tling facilities, three in Sweden and two in 
Norway, which are important suppliers of 
used spare parts for our circular business 
model. By reusing and selling used parts, 
we help reduce resource consumption and 
climate impact while offering cost effec‑
tive solutions to our customers.
A more sustainable value chain
Bilia is part of a global and complex value 
chain, and we primarily influence sustaina‑
bility outcomes through careful selection of 
vehicle brands and by requiring all suppliers to 
comply with our Supplier Code of Conduct.
Our activities during the quarter 
for environmental sustainability
Examples of activities included follow‑up 
of the objectives established for environ‑
mental sustainability during the year. This 
follow‑up, together with other environ‑
mental sustainability, was reported in our 
Sustainability Report for 2025. 
Our activities during the quarter 
for social sustainability
Examples of activities included carrying 
through of performance appraisals with a 
focus on values, leadership expectations 
and the work environment, and continued 
training regarding systems in Sweden for 
accidents and deviations. In Norway, a 
digital conference was held with a focus 
on strengthening commitment and pride 
as well as communication of the targets 
for 2026. 
Our activities during the quarter 
for corporate responsibility
Examples of activities included completion 
of the digital training in competition law for 
the sales organization. Establishment of 
a training in money laundering, sanctions 
and customer due diligence was initiated. 
Sustainability
SUST AINABILITY
New cars from 
manufacturers
Bilia services and repairs cars
Bilia sells cars Bilia buys 
used cars
Used cars for sale
Used parts for repair
Bilia dismantles 
cars
Cars go for 
recycling
Circular business model
There is no clear definition of circular 
 economy, but fundamentally it is about value 
sharing and resource efficiency, in order to 
reduce the need for raw materials and create 
less waste.
A more sustainable  
way of doing business
 16 (28)  BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUST AINABILITY | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 17 =====

Risks and opportunities
Risks and risk takings are a natural part of Bilia’s business 
operations. A good understanding of the risks togeth‑
er with an efficient way of identifying, evaluating and 
managing the risks are important for Bilia’s short‑term 
and long‑term success. Bilia has a formal yearly process 
at Group level to identify, plan and reduce identified risks 
in the business. Please refer to the annual report for a 
description of the risks and Bilia’s risk management. 
With the exception of the current uncertainty regard‑
ing the introduction of trade tariffs between different 
countries, events that have transpired in the wider world 
since publication of the annual report are not deemed to 
entail any new material risks or changes in working meth‑
ods compared with the description in the annual report 
for 2025. It is not possible to estimate the impact of the 
geopolitical uncertainty on Bilia’s future operations, how‑
ever, a potential negative impact cannot be ruled out.
Seasonal variations and number of working days
Bilia’s business and operating profit are affected by 
seasonal variations to a limited extent. The number of 
working days for the reporting periods is affected by 
when national holidays fall in different years. Business 
and operating  profit in mainly the Service Business, but 
also the Car  Business, are affected by the number of 
working days. 
Related party transactions
For a description of related party transactions, see 
page 149, Note 30 of the 2025 Annual Report.
Parent Company
Bilia AB is responsible for the Group’s management, 
strategic planning, purchasing, public relations, business 
development, legal, marketing, HR, real estate activities, 
accounting and financing.
Annual General Meeting 2026
The Annual General Meeting is held on 29 April 2026.  
 
Dividend
The board proposes a dividend of SEK 6.00 (5.60) per 
share to be paid in four instalments of SEK 1.50 per share. 
The dividend represent 73 per cent of earnings per share 
which is in accordance with Bilia’s dividend policy to dis‑
tribute at least 50 per cent of earnings per share. 
The proposed record dates are 4 May 2026, 6 July 
2026, 6 October 2026 and 7 January 2027 . If the AGM 
decides in accordance with the proposition, payments  
is expected to take place  on 7 May 2026, 9 July 2026, 9 
October 2026 and 12 January 2027 .
Other information
  VISION  AND BUSINESS IDEA   CULTURE AND CORE VALUES   CUSTOMER PROMISE
A better experience.
Our general goal is to create an experience that ex‑
ceeds the customer’s expectations, and adds value 
that distinguishes Bilia from its competitors.
Dedication, Competence, Genuine, Respect.
At Bilia we are engaged in the meeting with custom‑
ers, with each other and with suppliers. Competence 
gives solutions and suggestions that benefit the cus‑
tomer the most. Being genuine and showing respect 
build confidence in Bilia and our employees.
The best service company in the business – through 
consideration for customers, colleagues and the 
world we live in.
Bilia will create a sustainable business through consid‑
eration and pride by offering attractive and innova‑
tive solutions for the mobile human being. 
OTHER INFORMA TION 17 (28)  BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER INFORMA TION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 18 =====

Consolidated Statement of Income and Other Comprehensive Income
Räkenskaper koncernen
ACCOUNTS – GROUP
First quarter April 25– 
March 26
Full year
2025MSEK 2026 2025
Net turnover 9,613 9,935 40,090 40,413
Costs of goods sold –7,912 –8,309 –33,313 –33,711
Gross profit 1,701 1,626 6,777 6,702
Other operating income 10 5 88 82
Selling and administrative expenses –1,372 –1,333 –5,521 –5,482
Other operating expenses –6 –2 –24 –19
Result from interests in joint ventures –4 –2 –14 –12
Operating profit  1) 329 294 1,306 1,271
Financial income 4 3 16 15
Financial expenses –103 –117 –427 –441
Result from interests in associated companies 20 14 84 78
Profit before tax 251 194 980 923
Tax –57 –45 –175 –163
Net profit for the period 194 149 805 760
Other comprehensive income
Items that will not be reclassified to the income statement
Remeasurements of defined benefit pension plans 0 — 4 4
Items that can be reclassified to the  income statement
Translation differences attributable to foreign operations 95 –80 40 –135
Change in fair value of cash flow hedges, net after tax 8 5 13 10
Share of OCI related to joint ventures 0 –4 4 0
Other comprehensive income after tax 103 –78 60 –121
Comprehensive income for the period 297 71 865 638
First quarter April 25– 
March 26
Full year
2025MSEK 2026 2025
Net profit attributable to:
– Parent Company's shareholders 194 149 805 760
– Non‑controlling interests 0 0 0 0
Comprehensive income attributable to:
– Parent Company's  shareholders 297 71 865 638
– Non‑controlling interests 0 0 0 0
Basic earnings per share, SEK 2.11 1.61 8.72 8.22
Diluted earnings per share, SEK 2.10 1.61 8.66 8.17
Average number of shares, '000 91,975 92,536 92,389 92,527
Average number of shares, after  dilution, '000 92,522 92,919 92,944 93,042
1) Amortisation and depreciation according to plan by asset class:
– Intellectual property –56 –55 –222 –221
– Land and buildings –31 –28 –123 –120
– Equipment, tools, fixtures and fittings –40 –35 –149 –144
–  Leased vehicles –69 –63 –265 –259
– Right‑of‑use assets –206 –196 –812 –801
Total –402 –377 –1,571 –1,546
 18 (28)  BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 19 =====

Consolidated Statement of Financial Position, 
Summary
Statement of Changes in Group Equity,  
Summary
ACCOUNTS – GROUP
MSEK
31 March 
2026
31 Dec
2025
31 March 
2025
Assets
Non-current assets
Intellectual property 790 830 876
Goodwill 1,643 1,615 1,645
Leased vehicles 2,105 1,839 1,879
Right‑of‑use assets 5,461 5,410 5,113
Other tangible assets 2,018 1,972 2,107
Financial assets  799 843 788
Deferred tax assets 44 41 43
Total non-current assets 12,860 12,550 12,451
Current assets
Inventories 5,129 5,022 4,912
Other receivables  2,490 2,219 2,568
Cash and cash equivalents  497 438 359
Total current assets 8,116 7,679 7,839
TOTAL ASSETS 20,976 20,229 20,290
Equity and liabilities
Equity 5,245 5,004 5,016
Non-current liabilities
Bond issue  1,593 1,593 1,591
Interest‑bearing liabilities  1,262 949 683
Lease liabilities  4,790 4,728 4,432
Other liabilities and provisions 1,389 1,183 1,025
Deferred tax liabilities 470 477 529
Total non-current liabilities 9,503 8,929 8,259
Current liabilities
Bond issue — — 500
Interest‑bearing liabilities  531 512 751
Lease liabilities  1,083 1,085 996
Other liabilities and provisions 4,613 4,699 4,768
Total current liabilities 6,227 6,296 7,015
TOTAL EQUITY AND LIABILITIES 20,976 20,229 20,290
MSEK
First 
quarter 
2026
Full year
2025
First 
quarter 
2025
Opening balance 5,004 4,937 4,937
Decided dividend — –518 —
Incentive program 3 16 4
Repurchased own shares –59 –57 —
Revaluation of call/put option — –16 —
Use of own shares in custody as payment for acquisition of operations — 4 4
Comprehensive income for the period 297 638 71
Equity at end of the period 5,245 5,004 5,016
Equity attributable to:
– Parent Company's shareholders 5,245 5,004 5,016
– Non‑controlling interests 0 0 0
 19 (28)  BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 20 =====

Consolidated Statement  
of Cash Flows
ACCOUNTS – GROUP
First quarter April 25– 
March 26
Full year
2025MSEK 2026 2025
Operating activities
Profit before tax 251 194 980 923
Depreciation and impairment losses 402 386 1,563 1,548
Other items not affecting cash –52 –27 –265 –240
Tax paid –79 –79 –216 –216
Change in inventories –8 208 –31 185
Change in operating receivables –380 –274 –25 81
Change in operating liabilities 291 135 226 70
Cash flow from operating activities 424 542 2,233 2,351
Investing activities
Acquisition of non ‑current assets –81 –88 –390 –397
Disposal of non‑current assets 0 8 309 316
Acquisition of leased vehicles –577 –294 –1,637 –1,354
Disposal of leased vehicles 254 285 1,161 1,192
Operating cash flow 20 453 1,675 2,108
Net change in financial assets 81 105 91 115
Acquisition of operations — –60 –320 –379
Divestment of operations 48 — 293 245
Cash flow from investing activities –276 –44 –493 –261
Financing activities
Proceeds from borrowings — 803 14 816
Repayment of borrowings –38 0 –549 –511
Amortisation of lease liabilities –205 –184 –794 –773
Net change in short‑term credit facilities 363 –932 366 –929
Repurchase of own shares –59 — –116 –57
Dividend paid to the company's shareholders –129 –153 –518 –541
Cash flow from financing activities –68 –466 –1,598 –1,996
Change in cash and cash equivalents, excl. exchange differences 80 32 142 94
Exchange differences in cash and cash equivalents –21 –4 –4 14
Change in cash and cash equivalents 59 28 138 107
Cash and cash equivalents at start of period 438 331 359 331
Cash and cash equivalents at end of period 497 359 497 438
Specification of interest-bearing net debt  
and EBITDA
Specification of interest-bearing net debt
MSEK 
31 March 
2026
31 Dec
2025
31 March 
2025
Current interest‑bearing liabilities 737 744 1,448
Non‑current interest‑bearing liabilities 3,112 2,805 2,491
Lease liabilities IFRS 16 5,472 5,380 5,022
Cash and cash equivalents –497 –438 –359
Interest‑bearing assets –18 –103 –86
Shares in associated companies –752 –766 –707
Net debt at end of the period 8,054 7,62 2 7, 8 0 9
Net debt at end of the period, excluding IFRS 16 2,582 2,242 2,787
Net debt in relation to EBITDA
MSEK
April 25– 
March 26
Full year
2025
April 24– 
March 25
Operating profit 1,306 1,271 1,204
Divestment of operations and properties, structural 
costs, acquisition costs and impairment losses –29 –28 19
Total depreciation and amortisation 1,571 1,546 1,498
– depreciation of leased vehicles with repurchase 
agreements –240 –235 –249
EBITDA 2,608 2,553 2,472
Net debt to EBITDA ratio, times  3.1 3.0 3.2
Operating profit excluding IFRS 16 1,217 1,195 1,081
Divestment of operations and properties, structural 
costs, acquisition costs and impairment losses –29 –28 19
Total depreciation and amortisation 1,571 1,546 1,498
– depreciation of leased vehicles with repurchase 
agreements –240 –235 –249
– depreciation of right‑of‑use assets IFRS 16 –715 –706 –661
EBITDA excluding IFRS 16 1,803 1,772 1,688
Net debt to EBITDA ratio excluding IFRS 16, times  1.4 1.3 1.7
 20 (28)  BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 21 =====

Note 1  Accounting principles
This interim report has been prepared in accordance with Inter‑
national Financial Reporting Standards (IFRS), IAS 34 and appli‑
cable provisions of the Annual Accounts Act. The interim report 
for the Parent Company has been prepared in accordance with 
the Annual Accounts Act and RFR2. The same accounting poli‑
cies and calculation methods have been applied for the Group 
and the Parent Company as in the most recent Annual Report.
IFRS 18 Presentation and Disclosure in Financial Statements 
replaces IAS 1 Presentation of Financial Statements for financial 
years beginning on or after 1 January 2027 . The impact of the 
application of the new standard on Bilia’s financial statements 
is currently being assessed. Otherwise, no new or amended 
standards that have not yet entered into force are expected to 
have any material effect on the Group’s financial statements.
Disclosures in accordance with IAS 34, paragraph 16 A, are 
made not only in the financial statements and related notes, but 
also in other parts of this interim report.
Figures in the interim report are rounded, which is why notes 
and tables may not add up.
Note 2  Financial instruments
Valuation principles and classifications of Bilia’s financial instru‑
ments as described in the annual report for 2025 have been 
applied consistently during the reporting period.
To hedge electricity costs, Bilia has decided to use electricity 
derivatives to even out price variations on the electricity market. 
Bilia hedges gradually up to five years and builds up the volume 
of electricity contracts for each delivery date. The hedges 
meet the requirements for effectiveness, which means that 
the changes in value are recognised in other comprehensive 
income. The forward agreements used to hedge contracted 
purchases of electricity are classified as cash flow hedges and 
amounted to a net receivable of MSEK 8. 
Bilia’s financial instruments in the form of currency deriv‑
atives are valued at fair value over the statement of income 
and are valued according to valuation level 2. The value of the 
currency derivatives was not material and did not constitute 
a significant item in the statement of financial position for the 
Group. Valuation of the currency derivatives at fair value has 
resulted in a cost of MSEK 6, which was matched by an income 
for the revaluation of assets in foreign currency. The effect on 
the Group’s result was therefore MSEK 0.
Bilia’s financial instruments valued at fair value over equity 
consist of put/call options issued in connection with acqui‑
sitions and are valued at fair value based on future exercise 
price according to valuation level 3. The option is reported as 
provisions in the statement of financial position and amounted 
to MSEK 69.
Tilläggsupplysningar
ADDITIONAL DISCLOSURES – GROUP
Note 3  Reconciliation of operational earnings with operating profit
During the first quarter 2026, Bilia divested some minor oper‑
ations with a profit of MSEK 6 and at the same time, Bilia had 
structural costs of MSEK 5 related to downsizing of personnel 
and closure of a fuel station in Sweden.
In 2025, Bilia divested the truck operations regarding 
Mercedes ‑Benz with a profit of MSEK 27 .  In 2025, Bilia also 
divested properties in Sweden which are leased back.  The 
result from the divestment of properties amounted to MSEK 34. 
The divestment had a positive effect on cash flow amounting 
to MSEK 303. Structural costs in 2025  is related to an efficiency 
program and  mainly refers to personnel cost. The program is 
expected to generate annual savings of around MSEK 150 . 
First quarter April 25– 
March 26
Full year
2025MSEK 2026 2025
Operational earnings 382 344 1,489 1,452
– Result from divestment of operations 6 — 33 27
– Result from divestment of properties — — 34 34
– Acquisition ‑related costs and value adjustments 0 — –10 –10
– Structural costs –5 — –28 –23
– Amortisation and impairment losses of surplus values –50 –49 –198 –197
– Result from interests in joint ventures –4 –2 –14 –12
Operating profit 329 294 1,306 1,271
 21 (28)  BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 22 =====

ADDITIONAL DISCLOSURES – GROUP
Note 4  Group’s operating segments
Segment reconciliation mainly refer to the elimination of internal sales from the Service Business to the Car Business but also include central  
functions such as purchasing, public relations, business development, legal, marketing, HR, real estate, accounting and financing. 
First quarter 
 
 Service
 
Car 
 
Fuel 
Corporate  
functions
  
Eliminations
 
Group
MSEK 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025
External sales 1,967 1,926 7,428 7,798 193 198 24 13 — — 9,613 9,935
Internal sales 678 613 — — — — 319 295 –996 –908 — —
Depreciation/amortisation excl. of surplus values –140 –134 –187 –172 –2 –1 –22 –20 — — –352 –328
Operational earnings 328 310 65 57 21 15 –33 –38 — — 382 344
Result from divestment of operations 5 — 1 — — — — — — — 6 —
Acquisition ‑related costs and value adjustments 0 — 0 — — — — — — — 0 —
Structural costs –2 — –1 — –1 — –1 — — — –5 —
Amortisation of surplus values –23 –25 –28 –24 — — — — — — –50 –49
Result from interests in joint ventures  — — — — — — –4 –2 — — –4 –2
Operating profit, Group 329 294
Service Car
First quarter Sweden Norway Western Europe Total Sweden Norway Western Europe Total
MSEK 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025
External sales 1,335 1,290 462 455 171 180 1,967 1,926 4,638 4,777 1,792 1,829 998 1,192 7,428 7,798
Internal sales 428 393 222 193 28 27 678 613 — — — — — — — —
Depreciation/amortisation excl. of surplus values –98 –93 –34 –34 –8 –7 –140 –134 –147 –132 –34 –34 –7 –6 –187 –172
Operational earnings 250 229 59 59 19 22 328 310 3 1 10 3 52 53 65 57
Result from divestment of operations 4 — 1 — — — 5 — — — 1 — — — 1 —
Acquisition ‑related costs and value adjustments — — — — 0 — 0 — — — — — 0 — 0 —
Structural costs –2 — — — — — –2 — –1 — — — — — –1 —
Amortisation of surplus values –12 –13 –4 –5 –7 –7 –23 –25 –18 –13 –4 –4 –6 –6 –28 –24
 22 (28)  BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 23 =====

Note 5  Acquisitions and divestments of operations
Divestments in 2026
During the first quarter 2026, Bilia divested some minor opera‑
tions with a profit of MSEK 6. The divestments have not had any 
significant impact on the Group’s financial position. 
Acquisitions in 2025
On 27 August 2024, Bilia reached an agreement to acquire 
Lunds Bil i Varberg AB. The business is conducted in one facility 
in Varberg and is a full‑service facility with sales and service 
of BMW. During the 2023/24 financial year, turnover amount‑
ed to approximately MSEK 178 with an operating margin of 
4.5 per cent. The number of employees was 17 people at the 
end of 2024. The purchase price on a debt and cash‑free basis 
amounts to approximately MSEK 90 and consists of cash and 
28,000 Bilia shares. Acquired customer relations amounts to 
MSEK 18 and are amortised over 10 years. Acquired goodwill 
amounts to MSEK 22. The acquisition was effectuated on 
3 March.  
On 22 May, Bilia announced that an agreement had been 
reached to acquire BRK Lastvagnar Holding AB, owner of Tage 
Rejmes Lastvagnar AB and Tage Rejmes i Örebro Lastvagnar 
AB. The companies’ operations consist of sales and service with 
related services for Volvo Trucks. The operations are conducted 
in nine facilities in central Sweden. During the 2024 financial year, 
sales amounted to approximately MSEK 1,000, with an operating 
margin of 4.5 percent. The number of employees was approxi‑
mately 160 people. The purchase price on a debt and cash‑free 
basis amounts to MSEK 350 and was mainly financed through a 
divestment of properties in Sweden. The acquisition was effectu‑
ated on 1 July. 
On 18 August, Bilia announced that an agreement had been 
reached to acquire the business of Jaguar and Land Rover today 
conducted by Sandven AS. The business acquired includes sales of 
new and used cars as well as service operations and is conducted 
in a modern full‑service facility with an attractive location in Bergen. 
During the 2024 financial year, Sandven AS sales amounted to 
approximately MNOK 280 with an operating margin of 3.5 per cent. 
The number of employees was 29 people at the end of 2024. The 
purchase price was MNOK 55 and acquired goodwill amounts to 
MSEK 10. The acquisition was effectuated on 20 September. 
In September, a final payment of MEUR 1 was made regard‑
ing the acquisition of Carlo Schmitz S.à r.l  in 2024.
 
Net assets in the acquired operations 2025
MSEK
Intangible assets 167
Property, plant and equipment 31
Right‑of‑use assets 433
Deferred tax assets 2
Inventories 261
Trade receivables and other receivables 122
Cash and cash equivalents 77
Interest‑bearing liabilities –498
Trade payables and other liabilities –149
Deferred tax liability –37
Net identifiable assets and liabilities  409
Consolidated goodwill 51
Net identifiable assets and liabilities, including goodwill 460
Purchase consideration paid –460
Less: Purchase consideration paid with own shares 4
Less: Cash and cash equivalents in acquired  operations 77
Net effect on cash and cash equivalents –379
Divestments in 2025
On 16 December 2024, Bilia reached an agreement to divest 
the trucking business regarding Mercedes‑Benz to Veho Import 
AB. The divestment concerns operations at eight facilities. In the 
last two years, the business that is being divested reported an 
average turnover of approximately MSEK 620 and an operational 
earnings of approximately MSEK 30. The purchase price amounts 
to MSEK 213 on a debt and cash‑free basis. The divestment took 
place on 2 June and has not had any significant impact on the 
Group’s financial position. The divestment resulted in a profit 
before tax of MSEK 27. 
ADDITIONAL DISCLOSURES – GROUP 23 (28)  BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 24 =====

Income Statement for Parent Company, Summary
Räkenskaper moderbolaget
Balance Sheet for Parent Company, Summary
ACCOUNTS – PARENT COMPANY
First quarter April 25– 
March 26
Full year
2025MSEK 2026 2025
Net turnover 268 236 1,066 1,033
Other operating income 0 0 0 0
Administrative expenses –305 –278 –1,220 –1,193
Operating result  1) –37 –43 –154 –160
Result from financial items
Result from interest in Group  companies and joint ventures — — 199 199
Interest income and similar line items 32 33 122 123
Interest expenses and similar line items –40 –53 –181 –194
Result after financial items –44 –63 –13 –32
Appropriations — — 727 727
Result before tax –44 –63 713 694
Tax 4 0 –106 –110
Net result for the period –40 –63 607 585
1) Amortisation and depreciation according to plan by asset class:
‑ Buildings  –11 –9 –44 –42
‑ Equipment, tools, fixtures and fittings –1 –1 –4 –3
Total –13 –10 –48 –45
MSEK
31 March 
2026
31 Dec
2025
31 March 
2025
Assets
Non-current assets
Property, plant and equipment 389 380 327
Shares in Group companies 3,281 3,487 3,513
Receivables from Group companies 447 447 447
Other tangible assets  69 65 67
Total non-current assets 4,186 4,379 4,354
Current assets
Receivables from Group companies 2,243 1,862 2,241
Other receivables 283 288 363
Cash and cash equivalents 119 155 9
Total current assets 2,645 2,305 2,612
TOTAL ASSETS 6,831 6,684 6,966
Equity and liabilities
Equity 927 1,023 938
Untaxed reserves 1,568 1,568 1,582
Non-current liabilities
Bond issue 1,593 1,593 1,591
Interest‑bearing liabilities 1,106 756 650
Liabilities to Group companies 447 447 447
Other liabilities 116 116 130
Total non-current liabilities 3,261 2,911 2,818
Current liabilities
Bond issue — — 500
Interest‑bearing liabilities 64 34 215
Liabilities to Group companies 596 567 542
Other liabilities 415 581 372
Total current liabilities 1,074 1,182 1,629
TOTAL EQUITY AND LIABILITIES 6,831 6,684 6,966
 24 (28)  BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 25 =====

KVARTALSÖVERSIKT
QUARTERL Y REVIEW
The Group
Q2 
2024
Q3 
2024
Q4 
2024
Q1 
2025
Q2 
2025
Q3 
2025
Q4 
2025
Q1  
2026
Net turnover, MSEK 10,568 8,984 10,228 9,935 10,551 9,717 10,209 9,613
EBITDA, MSEK 646 521 692 613 620 586 734 668
EBITDA excl. IFRS 16, MSEK 460 327 492 409 413 437 513 440
Operational earnings, MSEK 410 281 420 344 348 310 450 382
Operational margin, % 3.9 3.1 4.1 3.5 3.3 3.2 4.4 4.0
Operating profit, MSEK 343 216 351 294 323 284 370 329
Operating margin, % 3.3 2.4 3.4 3.0 3.1 2.9 3.6 3.4
Profit before tax, MSEK 262 133 267 194 238 199 291 251
Profit/loss for the period, MSEK 206 105 195 149 192 191 227 194
Operating cash flow, MSEK 423 480 289 453 188 792 675 20
The ratio of net debt to EBITDA 
excl. IFRS 16, times 1) 1.6 1.5 1.7 1.7 1.6 1.5 1.3 1.4
Return on capital employed, % 1) 10.8 10.0 9.7 9.5 9.3 9.6 9.7 10.0
Return on equity, % 1) 16.7 15.1 13.8 13.5 13.4 15.0 15.5 16.2
Equity/assets ratio, % 23 23 24 25 23 24 25 25
Earnings per share, SEK 2.24 1.15 2.10 1.61 2.09 2.07 2.46 2.11
Equity per share, SEK 50 51 53 54 51 53 54 57
Average number of shares, '000 92,009 92,017 92,515 92,536 92,554 92,554 92,464 91,975
Outstanding number of shares, '000 92,017 92,017 92,526 92,554 92,554 92,554 92,108 91,636
Holdings of own shares, '000  4,283 4,283 3,774 3,746 3,746 3,746 4,192 4,663
1) Rolling 12 months.
Business area – Service Business
Q2 
2024
Q3 
2024
Q4 
2024
Q1 
2025
Q2 
2025
Q3 
2025
Q4 
2025
Q1  
2026
Turnover, MSEK 2,482 2,136 2,751 2,539 2,417 2,290 2,836 2,645
Operational earnings, MSEK 292 221 374 310 252 233 395 328
Margin, % 11.7 10.4 13.6 12.2 10.4 10.2 13.9 12.4
Reported growth, % 13.4 10.5 10.7 7.4 –2.3 7.2 3.1 4.2
Organic growth, % 8.3 6.3 6.5 4.9 –0.7 4.1 2.1 3.1
Business area – Car Business
Q2 
2024
Q3 
2024
Q4 
2024
Q1 
2025
Q2 
2025
Q3 
2025
Q4 
2025
Q1  
2026
Turnover, MSEK 8,402 7,067 7,909 7,798 8,489 7,766 7,867 7,428
Operational earnings, MSEK 155 73 80 57 136 81 104 65
Margin, % 1.9 1.0 1.0 0.7 1.6 1.0 1.3 0.9
Return on capital employed 
excl. IFRS 16, % 1) 6.6 5.3 4.4 4.0 3.9 4.0 4.2 4.4
Capital employed excl. IFRS 16, MSEK 7,083 6,980 7,371 7,263 7,126 7,282 7,083 7,373
New cars delivered, number 11,141 9,305 12,050 10,205 12,729 10,723 13,680 11,616
Order backlog of new cars, number 12,652 12,444 11,132 14,174 11,782 12,526 13,516 17,573
Used cars delivered, number 13,844 12,996 12,544 13,790 13,719 13,294 11,884 12,260
Business area – Fuel Business
Q2 
2024
Q3 
2024
Q4 
2024
Q1 
2025
Q2 
2025
Q3 
2025
Q4 
2025
Q1  
2026
Turnover, MSEK 242 220 212 198 195 192 193 193
Operational earnings, MSEK 7 3 8 15 6 7 8 21
Margin, % 3.0 1.5 3.6 7.6 3.0 3.5 4.3 11.1
 25 (28)  BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

===== SIDA 26 =====

Bilia applies guidelines from ESMA (European Securities 
and Markets Authority) concerning alternative perfor‑
mance measures (APMs). Even though these perfor‑
mance measures are not defined or specified by IFRSs, 
Bilia believes that they provide valuable information to 
investors and Bilia’s management as a complement to 
IFRSs for assessing Bilia’s performance.
Acquisition-related costs and value adjustments
Pertains to costs for legal consultants and other external 
costs associated directly with an acquisition. 
Amortisation of surplus values
Occurs in connection with acquisitions of operations and 
is recognised under intangible assets.
Capital employed
Balance sheet total less non‑interest‑bearing liabilities 
and provisions as well as deferred tax liabilities.
Capital employed Car Business
Balance sheet total for the Car Business less non‑inter‑
est‑bearing liabilities and provisions as well as deferred 
tax liabilities. Capital employed for the Car Business 
comprises assets and liabilities directly attributable to 
the operations as well as shared assets and liabilities allo‑
cated to the Car Business based on allocation keys.
Comparable operations
Financial information and number of units that are ad‑
justed for operations that have been acquired or divest‑
ed during one of the periods.
Deliveries
Cars that have been physically turned over to the custom‑
er, invoiced and are included in reported net turnover.
EBITDA
Operational earnings plus total depreciation/amortisa‑
tion less amortisation of surplus values and depreciation 
of leased vehicles with repurchase agreements. 
Equity/assets ratio
Equity in relation to balance sheet total.
Excluding IFRS 16
Information in accordance with accounting standards 
before the introduction of IFRS 16 Leases.
Growth 
Increase or decrease of net turnover in relation to the 
previous year.
Net debt
Net debt consists of interest‑bearing liabilities less cash 
and cash equivalents, interest‑bearing current and long‑
term receivables, interests in associated companies and 
leased vehicles. Performance measures that include 
interest‑bearing liabilities are calculated excluding the 
effect of transaction costs and premium calculated 
according to the effective interest method.
Operating cash flow
Cash flow from operating activities plus investments in 
and disposals of intangible assets and property, plant 
and equipment.
Operating margin
Operating profit in relation to net turnover.
Operational earnings
Operating profit, excluding revenues and costs that affect 
comparability and excluding result from interests in joint 
ventures. Revenues and costs that affect comparability 
between accounting periods and/or operating segments 
include, but are not limited to, acquisition‑related expens‑
es, value adjustments, restructurings and amortisation of 
surplus values. 
Operational margin
Operational earnings in relation to net turnover. For the 
business areas the operational margin is called “Margin”.
Order backlog
New cars ordered by the customer but not yet delivered.
Organic growth
Net turnover adjusted for operations that have been 
acquired or disposed of during one of the periods. Adjust‑
ment is also made for exchange rate differences and for 
calendar effect. 
Result from divestment of operation
Difference between purchase price and the operation’s 
consolidated carrying amount, less selling costs.
Return on capital employed
Operating profit plus financial income in relation to aver‑
age capital employed. 
Return on equity
Net profit for the year in relation to average equity. 
 
Service subscriptions 
Service subscriptions where customers have or are 
thought to have their servicing done at a Bilia facility.
Structural costs
Costs that significantly alter the thrust and/or scope 
of the operations. Examples of structural costs may be 
costs for reducing the number of employees and costs 
for vacating a leased facility before the expiration of the 
lease.
Underlying values
Values that are adjusted for operations that have been 
acquired or divested of during one of the periods. Ad‑
justment is made for exchange rate differences, where 
applicable.
Reconciliation of performance measures can be found at 
bilia.com/en/investors/alternative ‑key‑figures/
Definitions and performance measures
DEFINITIONS AND PERFORMANCE MEASURES 26 (28)  BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES  | ADDITIONAL DISCLOSURES

===== SIDA 27 =====

Press and analyst meeting
Bilia arranges a press and analyst meeting on Wednes‑
day 29 April 2026, where CEO Per Avander, CFO Kristina 
Franzén and Investor Relations Carl Fredrik Ewetz will 
present the report and answer questions. 
The presentation starts at 09:00 CEST. If you wish to 
participate via webcast, please use the link below. Via the 
webcast you can ask written questions.
https://bilia.events.inderes.com/q1‑report‑2026
If you wish to participate via teleconference, please 
register on the link below. After registration you will be 
provided phone numbers and a conference ID to access 
the conference. You can ask questions verbally via the 
teleconference. 
https://events.inderes.com/bilia/q1‑report‑2026/dial‑in 
Contact
For further information please contact:
Carl Fredrik Ewetz, Investor Relations
+46 (0) 10 497 07 73, carl.fredrik.ewetz@bilia.se
Per Avander, Managing Director and CEO 
+46 (0)10 497 70 00, per.avander@bilia.se
Kristina Franzén, CFO 
+46 (0)10 497 73 40, kristina.franzen@bilia.se
Auditor review
This interim report has not been subject to review by the
auditors.
Prospective information
Prospective information in this report is based on manage‑
ment’s expectations at the time of the report. Even if the 
Board of Directors and management find the expectations 
to be reasonable, there is no guarantee that these expec‑
tations are or will turn out to be correct. Consequently, 
future outcomes may vary considerably compared with 
those foreseen in the prospective information due to such 
circumstances as a changed market situation for the 
Group’s services or more generally changed conditions re‑
lating to the economy, markets and competition, changes 
in legal requirements and  other political measures, as well 
as fluctuations in exchange rates. The company does not 
undertake to update or correct such prospective informa‑
tion other than what is stipulated by law.
Translation
This document is a translation of the Swedish original. In 
the event of any discrepancies between this translation 
and the Swedish original, the latter should prevail.
Calendar 
Interim Report April–June 2026: 17 July 2026 
Interim Report July–September 2026: 23 October 2026
Year‑end Report  
October–December 2026: 5 February 2027 
Interim Report January–March 2027: 28 April 2027
Additional disclosures
This is information that Bilia AB (publ) is obliged to make public pursuant to the EU’s Market Abuse Regulation and the Securities  Markets Act. The information was submitted for 
 publication, through the agency of the contact persons set out above, on 29 April 2026, at 08:00 CET.
ADDITIONAL DISCLOSURES
Gothenburg 29 April 2026
Per Avander
Managing Director and CEO
 27 (28)  BILIA AB  |  INTERIM REPORT 1 JANUARY–31 MARCH 2026
THE MANAGING DIRECTOR’S COMMENTS  | GROUP RESULTS  | NOTABLE EVENTS | GROWTH STRATEGY | SERVICE BUSINESS | CAR BUSINESS  | FUEL BUSINESS  | SUSTAINABILITY  | OTHER  INFORMATION 
ACCOUNTS GROUP  | ADDITIONAL DISCLOSURES GROUP  | ACCOUNTS PARENT COMPANY | QUARTERL Y REVIEW | DEFINITION S AND PERFORMANCE MEASURES | ADDITIONAL DISCLOSURES

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Bilia is one of Europe’s largest full‑service suppliers for everything related to car 
ownership, with a leading position in servicing and sales of cars, transport vehicles and 
trucks. We offer the car owner service, repair, fuel, car wash, rental cars, tyres and 
wheels, rim repair, car accessories, car care, paint work, windscreen replacements, 
car dismantling and more. Bilia has about 180 facilities in Sweden, Norway, 
Luxembourg and Belgium plus one online auction site in Sweden.
Bilia’s Service Business comprises a well‑developed range of services 
and service concepts that are continuously developed to simplify car 
ownership for the customers. Bilia offers accessories and spare parts, 
original services and repairs, tyre hotels, rim repair, car glass repair 
along with other workshop services, store sales and e‑commerce.
Bilia’s Car Business comprises sales of new and used cars, 
transport vehicles and trucks, plus supplementary services 
such as financing and insurance. Bilia sells cars from Volvo, 
BMW, Toyota, Mercedes‑Benz, XPENG, Volkswagen, 
MINI, Nissan, Lexus, Porsche, Skoda, Audi, Seat, Cupra, 
Land Rover, Jaguar, Polestar, Lynk & Co as well as 
transport vehicles from Mercedes‑Benz, Toyota, 
Volkswagen, Nissan and trucks from Volvo.
Bilia’s Fuel Business comprises fuel sales and 
car washes in Sweden.
Bilia AB (publ)
Box 9003, SE‑400 91 Gothenburg, Sweden
Visiting address:  
Norra Långebergsgatan 3, Västra Frölunda
Telephone: +46 (0)10 497 70 00
bilia.com 
Corporate ID No.: 556112‑5690