Bilia AB Provides Financial Guidance for the Fourth Quarter 2020
January 26, 2021 at 02:30 am EST
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Bilia AB (Publ) Provided Financial Guidance for the Fourth Quarter 2020. Operational earnings, excluding items affecting comparability, for the fourth quarter 2020 are expected to amount to about SEK 575 Million and The profit The profit for the fourth quarter, including restructuring costs of about to SEK 440 Million.
Bilia AB is a Sweden-based company active in the automotive industry. Bilia is one of Europeâs full-service suppliers, for everything related to car ownership, with a position within service and sales of cars, transport vehicles and trucks. It is engaged in the sales and servicing of passenger cars and transport vehicles, as well as in the provision of related services. The Companyâs operations are divided into three business areas. The Service business area includes workshop services, spare parts and accessories. The Service Business is the main contributor to profit with approximately 60 percent of operational earnings. The Car business area includes sales of new and used cars and customer financing. The Fuel business area includes sales of fuels in Sweden. Bilia has about 160 facilities in Sweden, Norway, Luxembourg and Belgium. In addition, Bilia has an auction site in Sweden. The Company sells cars made by Volvo, BMW, Ford, Renault, Hyundai, Mini, Dacia and Toyota.
BILIA AB 
