Gothenburg, Sweden, 2012-07-26 08:30 CEST (GLOBE NEWSWIRE) --
First six months
- Net turnover amounted to SEK 9,304 M (9,201).
-
Operating profit excluding items affecting comparability amounted to
SEK 133 M (239). -
Profit for the period was SEK 85 M (253) and earnings per share
SEK 3.40 (10.10). - Operating cash flow amounted to SEK 436 M (193).
Second quarter
- Net turnover amounted to SEK 4,742 M (4,857).
-
Operating profit excluding items affecting comparability amounted to
SEK 59 M (141). - Operating cash flow amounted to SEK 81 M (21).
In a comment on the second quarter, Bilia’s Managing Director Per Avander says:
“Demand for service declined more than expected and earnings were at a much lower level compared with last year. However, demand has improved slightly during the months of June and July. Measures have been adopted that will cut costs by about SEK 60 M per year, with full effect from 2013. We reported a good cash flow, and the Group’s financial position is strong. The trend in Norway continued to be positive. It is our assessment that demand for new cars during the third quarter will be at a lower level compared with last year.”
For further information, please contact Per Avander, Managing Director and CEO, or Gunnar Blomkvist, CFO, telephone +46 31 709 55 00.
