Gothenburg, Sweden, 2013-05-03 11:00 CEST (GLOBE NEWSWIRE) --
First quarter
- Net turnover amounted to SEK 4,048 M (4,562).
- Operating profit amounted to SEK 45 M (77).
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Net profit for the period was SEK 44 M (50) and earnings per share
SEK 1.80 (2.05). - Operating cash flow amounted to SEK 90 M (355).
- The order backlog increased by 34 per cent during the quarter.
In a comment on the first quarter, Bilia’s Managing Director Per Avander says:
“Demand for new cars and service was on a level with the situation during the fourth quarter. The lower profit compared with last year is attributable to the Car Business and fewer vehicle deliveries. Orders received was, however, on a level with last year, and the order backlog increased during the quarter. The Service Business showed strength by reporting earnings that were slightly better than last year, despite fewer working days during the quarter. We reported a good cash flow, and the Group’s financial position is still strong. We believe that demand for cars during the second quarter of 2013 will be on a par with, or slightly better than, the level during the same quarter last year. Demand for service is expected to be better than last year.”
For further information, please contact Per Avander, Managing Director and CEO, or Gunnar Blomkvist, CFO, telephone +46 31 709 55 00.
