Gothenburg, Sweden, 2015-07-23 08:30 CEST (GLOBE NEWSWIRE) --
First six months
- Net turnover amounted to SEK 10,096 M (9,110).
- The Group’s profit for the period was SEK 320 M (161) and earnings per share SEK 6.35 (3.20).
Second quarter
- Net turnover amounted to SEK 5,381 M (4,819).
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Operating profit excluding items affecting comparability amounted to
SEK 187 M (126). - The Group’s profit for the period was SEK 297 M (87) and earnings per share SEK 5.90 (1.70).
- Operating cash flow amounted to SEK 198 M (118).
In a comment on the second quarter, Bilia’s Managing Director Per Avander says:
”Deliveries of new cars were on a level with last year, while turnover in the Service Business was slightly higher. We delivered an operating profit excluding items affecting comparability that was considerably better than last year. The improvement is mainly attributable to used car sales and the Service Business. The Toyota business in Norway, which is included in the Group as from the month of March, also reported strong earnings and contributed to the profit improvement. The order backlog of new cars declined during the quarter, but was 1,051 cars higher than last year. The financial position of the Group continues to be strong. The liquidation of the Danish operation is largely completed. We believe that demand for cars and service during the third quarter of 2015 will be slightly better compared 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.
