Again improved profits compared with previous year
First quarter 2019
·Net turnover amounted to SEK 6,874 M (6,978), a decrease of 1 per cent.
·Operational earnings totalled SEK 238 M (218), and SEK 227 M excluding IFRS 16.
·The improvement in profit is attributable to the Service Business and sales of used cars.
·Profit for the period amounted to
SEK 154 M (146), SEK 161 M excluding IFRS 16, and earnings per share to
SEK 1.50 (1.45).
·Operating cash flow amounted to
SEK 340 M (-174), and SEK 212 M excluding IFRS 16.
January – December 2018
·Net turnover amounted to SEK 28,382 M (27,492).
·Operational earnings totalled SEK 1,034 M (1,006).
·Profit for the year amounted to SEK 734 M (691) and earnings per share to SEK 7.25 (6.75).
·Operating cash flow amounted to
SEK 542 M (355).
Events after the balance sheet date
·No significant events have occurred after the end of the quarter.
Contact
For further information please contact:
Per Avander, Managing Director and CEO, +46 (0)10 497 70 00, per.avander@bilia.se
Kristina Franzén, CFO, +46 (0)10 497 73 40, kristina.franzen@bilia.se
Gothenburg, 29 April 2019
Bilia AB (publ)
Board of Directors and Managing Director
This is information that Bilia AB (publ) is obliged to make public pursuant to the EU’s Market
Abuse Regulation. The information was submitted for publication, through the agency of the
contact persons set out above, on 29 April 2019, at 08:30 AM CET.
Bilia is one of Europe’s largest car dealership chains, with a leading position in servicing and sales of cars and transport vehicles plus supplementary services such as financing and insurance. Bilia has 134 facilities in Sweden, Norway, Germany, Luxembourg and Belgium plus two online auction sites, one in Sweden and one in Norway.
Bilia’s Service Business comprises a well-developed range of services and service concepts that are continuously developed to simplify car ownership for the customers. The Service Business comprises workshop services, spare parts, store sales and e-commerce.
Bilia’s Car Business comprises sales of both new and used cars and transport vehicles, plus supplementary services such as financing and insurance. Bilia sells cars from Volvo, BMW, Toyota, Renault, Lexus, MINI and Dacia and transport vehicles from Renault, Toyota and Dacia.
Bilia’s Fuel Business comprises fuel sales and car washes.
Attachment
