(For full report, including tables, see attached file)
Year-End 2010
- Net turnover amounted to SEK 16,257 M (13,700).
- Net profit for the year was SEK 407 M (114) and earnings per share SEK 16.50 (5.45).
- Cash flow after net investments amounted to SEK -134 M (585).
- The Board of Directors proposes a regular dividend of SEK 8.00 and an
extraordinary dividend of SEK 4.00, for a total of SEK 12.00 per share (3.00).
Fourth quarter
- Net turnover amounted to SEK 4,620 M (3,838).
- Operating profit excl. items affecting comparability amounted to SEK 166 M (102).
- Profit for the period was SEK 176 M (84) and earnings per share SEK 7.15 (4.00).
In a comment on the fourth quarter, Bilia¡¦s Managing Director Jan Pettersson says:
"Sales of both cars and service continued to be good. Service earnings improved considerably. We are continuing to work to strengthen customer relations, and further initiatives will be made on the service side of the business. At year-end we had signed service agreements with 7,500 customers.
The good market situation is expected to persist in 2011."
(for table, see attached file)
Notable events during 2010
- An agreement was reached on 1 October on the sale of a property in Mölndal. The sale, which was concluded in December, resulted in a gain after tax of SEK 16 M.
Events reported during previous quarters
- The agreement with HQ Bank AB to act as a market maker in the company’s stock expired on 1 July 2010.
- An agreement was concluded on 9 June for Bilia’s acquisition of all the shares in the BMW dealer Bilcentralen i Stockholm AB. Bilia took possession of the opera-tion on 3 January 2011.
Further information on the above events and other press information is available at
www.bilia.com.
For further information, please contact Jan Pettersson, Managing Director and CEO, or Gunnar Blomkvist, CFO, telephone +46 31 709 55 00.
Bilia AB (publ), Box 9003, SE-400 91 Gothenburg, Sweden
Street address: Norra Långebergsgatan 3, Västra Frölunda
Telephone: +46 31 709 55 00
www.bilia.com
Corporate ID No: 556112-5690
This report is being published by Bilia AB in compliance with the Securities Market Act. The information was submitted for publication on 9 February 2011 at 13:30 .
