Gothenburg, Sweden, 2016-04-27 08:30 CEST (GLOBE NEWSWIRE) --
First quarter
- Net turnover amounted to SEK 5,433 M (4,715).
- Operating profit excluding items affecting comparability amounted to SEK 185 M (153).
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The Group’s net profit for the period was SEK 143 M (23) and earnings per share
SEK 2,80 (0.45). - Operating cash flow amounted to SEK 110 M (121).
In a comment on the first quarter, Bilia’s Managing Director Per Avander says:
”Demand for both cars and service was better compared with last year, and
we reported strong earnings. The earnings improvement is mainly attributable to the Service Business, which boosted underlying turnover by more than
8 per cent and operating profit by SEK 28 M. The Car Business reported good earnings that were on a level with last year. The order backlog of new cars increased during the quarter. The financial position of the Group remains strong, and the company has issued bonds worth SEK 500 M. We believe that demand for cars and service during the second quarter of 2016 will be slightly better compared with the corresponding quarter last year.”
For further information, please contact Per Avander, Managing Director and CEO, or Gunnar Blomkvist, CFO, telephone +46 31 709 55 00.
