Gothenburg, Sweden, 2014-04-29 08:30 CEST (GLOBE NEWSWIRE) --
Report for the first quarter of 2014
First quarter
- Net turnover amounted to SEK 4,547 M (4,048).
- Operating profit amounted to SEK 94 M (45).
- Profit for the period was SEK 74 M (44) and earnings per share SEK 2.95 (1.80).
- Operating cash flow amounted to SEK 24 M (90).
In a comment on the first quarter, Bilia’s Managing Director Per Avander says:
“Demand for cars and service was on a level with the fourth quarter of 2013, but better compared with the same quarter the previous year. The Service Business reported a higher turnover and much better earnings than last year. The Car Business also reported better earnings. The order backlog of new cars increased during the quarter and is higher compared with last year. The financial position of the Group continues to be strong. We believe that demand for cars and service during the second quarter of 2014 will be slightly better compared with the same quarter last year and unchanged compared with the first quarter of this year.”
For further information, please contact Per Avander, CEO, or Gunnar Blomkvist, CFO, telephone +46 31 709 55 00.
