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The latest update is out from Bilia AB Class A ( ($SE:BILI.A) ).
Bilia AB has announced the sale of properties in several Swedish cities to Stenhus Fastigheter for SEK 299 million. This divestment is part of Bilia’s strategy to streamline operations and facilitate expansion without incurring additional debt, as stated by CEO Per Avander. The properties, currently used for operations involving brands like Porsche, BMW, and Toyota, will continue to be operated by Bilia under the new ownership, strengthening their collaboration with Stenhus Fastigheter.
The most recent analyst rating on ($SE:BILI.A) stock is a Hold with a SEK130.00 price target. To see the full list of analyst forecasts on Bilia AB Class A stock, see the SE:BILI.A Stock Forecast page.
More about Bilia AB Class A
Bilia is one of Europe’s largest full-service suppliers for car ownership, with a strong presence in servicing and sales of cars, transport vehicles, and trucks. The company offers a wide range of services including repair, fuel, car wash, rental, and sales of both new and used vehicles from various renowned brands. Bilia operates approximately 170 facilities across Sweden, Norway, Luxembourg, and Belgium, and provides a comprehensive service and sales experience for its customers.
YTD Price Performance: 8.91%
Average Trading Volume: 89,065
Current Market Cap: SEK11.67B
Learn more about BILI.A stock on TipRanks’ Stock Analysis page.