Gothenburg, Sweden, 2016-07-27 08:30 CEST (GLOBE NEWSWIRE) --
First six months
- Net turnover amounted to SEK 11,866 M (10,096).
- The Group’s net profit for the period was SEK 336 M (320) and earnings per share SEK 6.60 (6.35).
Second quarter
- Net turnover amounted to SEK 6,433 M (5,381).
- Operational earnings amounted to SEK 240 M (195).
- The Group’s net profit for the period was SEK 193 M (297) and earnings per share SEK 3.80 (5.90).
- Operating cash flow amounted to SEK 313 M (198).
In a comment on the second quarter, Bilia’s Managing Director Per Avander says:
”Demand for both cars and service was better compared with last year and we reported strong operational earnings (see definition on pages 5 and 23). The earnings improvement is mainly attributable to the Service Business, which boosted underlying turnover by more than 12 per cent and operational earnings by SEK 44 M. The Car Business also reported a better profit compared with last year. The order backlog of new cars declined during the quarter, but was substantially higher than last year at the end of the quarter. The Group generated an operating cash flow of SEK 313 M, and its financial position remained strong. We believe that demand for cars and service during the third quarter of 2016 will be slightly better compared 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.
