Bilia AB (publ)

Thank you very much for that and thank you for the introduction and welcome to BILIA's first quarter results presentation with the CEO Per Wander, CFO Kristina Fransén and I, Carl Fredrik Gewitz. We also have our Deputy CEO Stefan Nordström in the room. Good results with sales in line with the company collective consensus and operational EBIT 3% above consensus. The agenda today, Per will start with the current situation in the car industry and go through the numbers. Kristina will dive into our financial situation and I will conclude with an outlook for the coming quarter. So let's start and I'll leave the word to Per.

Okay, thank you very much Carl Fredrik. And we go to the current market situation in the car industry. There is a very good and strong demand in the service business, especially for body and paint shops with quite long booking times. The fleet business has still a stable demand for new cars in Sweden. The private consumers are more wait and see and instead use cars. The ordering intake of new cars in Belgium and Luxembourg had a good year 2023, but now we see a little bit lower demand for all brands. norway we see and feel and feel a science of better business climate the demand for new cars are growing good booking times in workshops the consumer index is better from month to month and there is a discussion about lower interest rate in the end of this quarter the demand for used cars are in a good level in Sweden and Norway, and we see higher prices for all cars, except fully electrical vehicles. I'm still aware we will see a lack of used cars in stock this summer because we deliver too few new cars in the car industry. We see a lower interest of fully electrical vehicles. Not in Norway, where 90% of all new cars still are electrical. Many governments removed the climate bonus They are still really expensive and luxury, and the development for range, charging, go fast, but there is a need and demand for a cheap car, and maybe it will come in the end of this year.

Okay, we go to the next slide.