Report for the third quarter of 2013 Gothenburg, S

Gothenburg, Sweden, 2013-10-25 08:30 CEST (GLOBE NEWSWIRE) -- Nine months

• Net turnover amounted to SEK 12,778 M (13,128).
• Net profit for the period was SEK 162 M (80) and earnings per share SEK 6.55 (3.20).

Third quarter

• Net turnover amounted to SEK 4,155 M (3,824).
• Operating profit excluding items affecting profitability amounted to SEK 96 M (53).
• Net profit for the period was SEK 54 M (loss: 8) and earnings per share SEK 2.15 (LPS: 0.35).
• Operating cash flow amounted to SEK 29 M (30).

In a comment on the third quarter, Bilia’s Managing Director Per Avander says:

“Demand for cars and service was slightly better compared with both the second quarter of this year and the same quarter last year. The Service Business continued to develop very positively and reported considerably better earnings than last year. The Car Business also reported better earnings compared with last year, mainly due to strong earnings in sales of used cars and more new car deliveries. The order backlog of new cars increased, and the Group’s financial position continues to be strong. Cost reductions are a focus area, and further steps were taken during the quarter. We believe that demand for cars and service during the fourth quarter of 2013 will be on a level with the situation during the third quarter of the year.”  

         For further information, please contact Per Avander, CEO, or Gunnar Blomkvist, CFO, telephone +46 31 709 55 00.