Bilia AB (publ) (BILI_A) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for the introduction and welcome all to Bilia's First Quarter Results Presentation with CEO, Peravander CFO, Kusina Francione and I, Karl Friedrich Eves. In addition to releasing our Q1 report today, we are also holding our Annual General Meeting this afternoon and therefore we have the pleasure of having both our Deputy CEO, Stefan Nordstrom and our Managing Director of our Norwegian operation, Frode Hebnes joining us today for the Q and A session. We're happy to present a good result and a solid financial position. And here is our agenda. Per will start with the current situation in the industry followed by Q1 numbers. Then Kristina will go through the financial situation and I will conclude with our outlook. So by that, I leave the word to our CEO, Perra Vande. Thank you, Konradik. The quarter started with low demand on new cars in Sweden, but improved later in the quarter. We also saw signs of better interest in new cars from private customers. In Norway, we had a strong finish in quarter four due to the changes of the tax situation. January and February this year had a weak order intake of new cars, while March was much better. In Western Europe, the demand remained stable throughout the quarter. Currently, many of our brands have strong campaigns, big discounts and attractive private leasing offers in all our countries. The demand for used car in our countries was slow in the beginning of the quarter. But we saw signs in March of slightly better activity. Prices for used electric cars have stabilized on a slightly lower level. And therefore, we saw better demand in Sweden for fully electrical used cars. As I have mentioned in the last two reports, the Swedish government terminated all incentives for electrical vehicles approximately three years ago an...