Fourth Quarter and Year-End Report 2011

 | Source: Bilia AB Bilia AB

Göteborg, Sweden, 2012-02-03 13:43 CET (GLOBE NEWSWIRE) --

 

Year-End 2011

  • Net turnover amounted to SEK 18,160 M (16,257).
  • Net profit for the year was SEK 420 M (407) and earnings per share SEK 16.85 (16.50).
  • Cash flow after net investments amounted to SEK 378 M (-134).
  • A regular dividend is proposed in the amount of SEK 9.50 (8.00) 1).

 

Fourth quarter

  • Net turnover amounted to SEK 4,780 M (4,620).
  • Operating profit excl. items affecting comparability amounted to SEK 154 M (166).
  • Profit for the period was SEK 99 M (176) and earnings per share SEK 4.00 (7.15).

 

 

In a comment on the fourth quarter, Bilia’s Managing Director Per Avander says: 

“It is gratifying to be able to wind up a successful year with a strong quarterly report. The operation in Norway continued to develop positively and reported strong fourth-quarter results. The Service Business continued to grow, the latest acquisition being a BMW workshop on Lidingö outside of Stockholm. As expected, demand for new cars diminished slightly during the quarter. Trade organisations forecast a slightly worse market situation for new cars in 2012, but this merely entail a return to a normal market situation.”

 

 

  Fourth quarter Full year
Group 2011 2010 2011 2010
Net turnover, SEK M 4,780 4,620 18,160 16,257
Operating profit excl. items 
affecting comparability, SEK M 2)		 154 166 498 483
Operating margin excl. items
affecting comparability, %		 3.2 3.6 2.7 3.0
Operating profit, SEK M 154 180 489 497
Operating margin, % 3.2 3.9 2.7 3.1
Profit before tax, excl. items affecting comparability, SEK M 2) 146 165 471 473
Profit before tax, SEK M 146 179 462 487
Net profit for the period/year, SEK M 99 176 420 407
Earnings per share, SEK 3) 4.00 7.15 16.85 16.50

 

 

1)  Last year a regular dividend of SEK 8 was paid, plus an extra dividend of SEK 4, for a total of SEK 12.

2)    Items affecting comparability are shown on page 4.

3)    The number of shares used in the calculation is shown in the table on page 11.

         For further information, please contact Per Avander, Managing Director and CEO, or Gunnar Blomkvist, CFO, telephone +46 31 709 55 00.

Attachments