* Net turnover amounted to SEK 3,200 M (2,696).
* Operating profit excluding items affecting profitability amounted to SEK 33 M (63).
* Net profit amounted to SEK 10 M (8) and earnings per share to SEK 0.45 (0.35).
* Cash flow amounted to SEK 147 M (-225).
In a comment on the quarterly results, Bilia’s Managing Director Jan Pettersson says:
“Earnings during the first quarter were negatively affected by the poorer margin in the Car Business and the costs for the start-up of Netbil and a new damage repair workshop in Oslo. Order bookings for new cars increased considerably but with a lower margin. The order backlog is 40 per cent higher than at the end of the year. Workshop capacity utilisation improved steadily during the year, and customer satisfaction has been further strengthened.”
(For complete report se attached file)
