Gothenburg, Sweden, 2014-10-24 08:30 CEST (GLOBE NEWSWIRE) --
Report for the third quarter of 2014
Nine months
-- Net turnover amounted to SEK 14,155 M (12,778). -- Net profit for the period was SEK 266 M (162) and earnings per share SEK 10.55 (6.55).
Third quarter
-- Net turnover amounted to SEK 4,531 M (4,155). -- Operating profit excluding items affecting comparability amounted to SEK 119 M (96). -- Net profit for the period was SEK 105 M (54) and earnings per share SEK 4.15 (2.15). -- Operating cash flow amounted to SEK 597 M (29).
In a comment on the third quarter, Bilia's Managing Director Per Avander says:
"Demand was on a par with expectations, with the exception of demand for cars in Sweden, which was better than expected. We delivered an operating profit that was better compared with last year, mainly due to strong earnings in Sweden. Both the Car Business and the Service Business reported better earnings. The order backlog of new cars increased during the quarter and was higher compared with last year. Cash flow was very strong, and net debt declined by SEK 562 M to SEK 9 M. We believe that demand for cars and service during the fourth 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=490408
Report for the third quarter of 2014
Nine months
-- Net turnover amounted to SEK 14,155 M (12,778). -- Net profit for the period was SEK 266 M (162) and earnings per share SEK 10.55 (6.55).
Third quarter
-- Net turnover amounted to SEK 4,531 M (4,155). -- Operating profit excluding items affecting comparability amounted to SEK 119 M (96). -- Net profit for the period was SEK 105 M (54) and earnings per share SEK 4.15 (2.15). -- Operating cash flow amounted to SEK 597 M (29).
In a comment on the third quarter, Bilia's Managing Director Per Avander says:
"Demand was on a par with expectations, with the exception of demand for cars in Sweden, which was better than expected. We delivered an operating profit that was better compared with last year, mainly due to strong earnings in Sweden. Both the Car Business and the Service Business reported better earnings. The order backlog of new cars increased during the quarter and was higher compared with last year. Cash flow was very strong, and net debt declined by SEK 562 M to SEK 9 M. We believe that demand for cars and service during the fourth 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=490408