Bilia AB (publ) (BILI_A) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for the introduction and welcome to Bilja's fourth quarter results presentation with CEO Per Wander, CFO Kristina Franzén, Deputy CEO Stefan Nordström and I, Carl Fredrik Jevets. Despite the current tough economic situation, especially in the car industry, we're proud to present a solid result and a satisfactory cash flow. And moving to the agenda. Same procedure as last quarter. Per will start by going through the current situation in the car industry, followed by Q4 numbers. Then Kristina will go through the financial situation and I will conclude with an outlook. So let's start. I'll leave the word to Per Havande. Okay, thank you Carl Fredrik. And we go to the slide, the current market situation in the car industry. There is a good and strong demand in the service business with good booking times. Our customers take care of their cars both for service and repairs regardless of the financial situation. The fleet business has still a stable demand for new cars in Sweden with a market share around 60%. The private consumers are still in a wait and see mode, but we can see some better activities when we measure, for example, floor traffic in showrooms and credit requests. Many brands have started strong campaigns, big discounts and attractive private leasing offers. In Norway, we see and feel signs of a better business climate. The demand for new cars are growing, good booking times in workshops, households' confidence is on a better level. Our brands have, for the moment, strong campaigns in the Norwegian market. The demand for used cars are on a good level in Sweden and Norway, and we see stable prices for all cars, except fully electrical vehicles. In the same time, we see lower prices of fully electric and new cars. The prices of used fully electric cars...