Gothenburg, Sweden, 2015-02-06 13:00 CET (GLOBE NEWSWIRE) --
Year-end report 2014Full year 2014
- Net turnover amounted to SEK 19,473 M (17,656).
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Net profit for the year was SEK 385 M (290) and earnings per share
SEK 15.35 (11.70). - The Board proposes a regular dividend of SEK 12.00 (9.00).
- The Board proposes a 2-for-1 stock split.
Fourth quarter
- Net turnover amounted to SEK 5,318 M (4,878).
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Operating profit excluding items affecting comparability amounted to
SEK 204 M (159). - Net profit for the period was SEK 119 M (128) and earnings per share SEK 4.80 (5.15). Earnings have been charged with SEK 45 M, mainly attributable to rental contracts in Denmark.
- Operating cash flow amounted to SEK 9 M (-174).
In a comment on the fourth quarter, Bilia’s Managing Director Per Avander says:
“Demand was slightly better than expected. We delivered an operating profit that was better than last year’s, mainly due to strong earnings in Sweden. Both the Car Business and the Service Business reported better earnings. The order backlog of new cars declined during the quarter, but was slightly higher than last year at year-end. The financial position of the Group continues to be strong. We believe that overall demand for cars and service during the first quarter of 2015 will be on a par with the same quarter last year.”
For further information, please contact Per Avander, Managing Director and CEO, or Gunnar Blomkvist, CFO, telephone +46 31 709 55 00.
