Full year 2017
- Net turnover amounted to SEK 27,492 M (23,306).
- Operational earnings amounted to SEK 1,006 M (887).
- Net profit for the year was SEK 691 M (636) and earnings per share SEK 6.75 (6.20).
- Operating cash flow amounted to SEK 355 M (464).
- The Board of Directors proposes a regular dividend of SEK 4.50 (4.00).
Fourth quarter
- Net turnover amounted to SEK 7,186 M (6,297).
- Operational earnings amounted to SEK 278 M (265).
- Net profit for the period was SEK 184 M (173) and earnings per share SEK 1.80 (1.65).
- Operating cash flow amounted to SEK 53 M (-267).
In a comment on the fourth quarter, Bilia’s Managing Director Per Avander says:
"Demand for service was slightly better and demand for cars was on a level with last year. Once again, we reported better earnings compared with last year. The improvement was attributable to the Service Business, which showed continued rapid growth and an improved margin. The Car Business reported a lower profit, which was attributable to sales of used cars. The order backlog of new cars remains at a good level. Operating cash flow was strong for a fourth quarter and our financial situation is good. We expect that demand for cars will be slightly lower during the first quarter of 2018, while demand for service will be slightly better compared with the same quarter last year.”
For further information, please contact Per Avander, Managing Director and CEO, or Kristina Franzén, CFO, telephone +46 10 497 70 00.
This is information that Bilia AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 9 February 2018, at 1 p.m. CET.
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Bilia offers car sales, service and supplementary services and is one of Europe’s largest car
chains with operations in Sweden, Norway, Germany, Luxembourg and Belgium. Bilia reported a turnover of SEK 27.5 bn in 2017 and had 4,708 employees.
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