Year-end 2005
* Net turnover amounted to SEK 12,096 M (11,592).
* Profit before tax amounted to SEK 324 M (307).
* Net profit for the year amounted to SEK 190 M (202) and earnings per share to SEK 8.20 (8.35).
* Dividend of SEK 8.00 (7.50).
* Distribution of 1 share in Catena for 2 shares in Bilia (pages 10 – 12).
Fourth quarter
* Operating profit amounted to SEK 92 M (76).
* Net profit for the year amounted to SEK 70 M (42) and earnings per share to SEK 3.00 (1.80).
In a comment on the quarterly results, Bilia’s Managing Director Jan Pettersson says:
“The earnings level during the fourth quarter was acceptable, despite the fact that the operation in Norway reported weak earnings, mainly due to continued price pressure on used cars. The Service Business developed positively during the quarter. Furthermore, it is with great satisfaction that I can report that the dispute with AB Volvo’s subsidiary KFAB was finally settled, and with a positive impact on the quarterly earnings of SEK 9 M.”
(For entire report please view attached file)