Gothenburg, Sweden, 2014-07-24 08:30 CEST (GLOBE NEWSWIRE) --
First six months
-- Net turnover amounted to SEK 9,624 M (8,623). -- Net profit for the period was SEK 161 M (108) and earnings per share SEK 6.40 (4.40).
Second quarter
-- Net turnover amounted to SEK 5,077 M (4,575). -- Operating profit excluding items affecting comparability amounted to SEK 121 M (95). -- Net profit for the period was SEK 87 M (64) and earnings per share SEK 3.45 (2.60). -- Operating cash flow amounted to SEK 118 M (138).
In a comment on the second quarter, Bilia's Managing Director Per Avander says:
"Demand for cars and service was on a level with the first quarter of 2014, but better compared with the same quarter the previous year. The Service Business reported slightly better earnings than last year. Easter fell during the quarter, which had a negative impact on both turnover and earnings in the Service Business. The Car Business reported much better earnings, mainly due to more deliveries of new cars. The order backlog of new cars declined during the quarter, but is slightly higher than last year. The financial position of the Group continues to be strong. We believe that demand for cars and service during the third quarter of 2014 will be on a par with the same quarter last year."
For further information, please contact Per Avander, Managing Director and CEO, or Gunnar Blomkvist, CFO, telephone +46 31 709 55 00.
Attachment:
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=481415
First six months
-- Net turnover amounted to SEK 9,624 M (8,623). -- Net profit for the period was SEK 161 M (108) and earnings per share SEK 6.40 (4.40).
Second quarter
-- Net turnover amounted to SEK 5,077 M (4,575). -- Operating profit excluding items affecting comparability amounted to SEK 121 M (95). -- Net profit for the period was SEK 87 M (64) and earnings per share SEK 3.45 (2.60). -- Operating cash flow amounted to SEK 118 M (138).
In a comment on the second quarter, Bilia's Managing Director Per Avander says:
"Demand for cars and service was on a level with the first quarter of 2014, but better compared with the same quarter the previous year. The Service Business reported slightly better earnings than last year. Easter fell during the quarter, which had a negative impact on both turnover and earnings in the Service Business. The Car Business reported much better earnings, mainly due to more deliveries of new cars. The order backlog of new cars declined during the quarter, but is slightly higher than last year. The financial position of the Group continues to be strong. We believe that demand for cars and service during the third quarter of 2014 will be on a par with the same quarter last year."
For further information, please contact Per Avander, Managing Director and CEO, or Gunnar Blomkvist, CFO, telephone +46 31 709 55 00.
Attachment:
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=481415