Record results yet again for the quarter and the full year
Fourth quarter 2018
- Net turnover amounted to SEK 6,956 M (7,186), a decrease of 3 per cent.
- Operational earnings totalled SEK 296 M (278).
- The improved profit was attributable to the Service Business and sales of used cars.
- Profit for the period amounted to SEK 214 M (184) and earnings per share to SEK 2.10 (1.80).
- Operating cash flow amounted to SEK 79 M (53).
Full year 2018
- Net turnover amounted to SEK 28,382 M (27,492), an increase of 3 per cent.
- Operational earnings totalled SEK 1,034 M (1,006).
- Profit for the year amounted to SEK 734 M (691) and earnings per share to SEK 7.25 (6.75).
- Operating cash flow amounted to SEK 542 M (355).
- The Board proposes an ordinary dividend of SEK 4.75 (4.50) per share.
Events after the balance sheet date
- No notable events have occurred after the end of the quarter.
Gothenburg, 8 February 2019 Bilia AB (publ) Board of Directors and Managing Director
For further information please contact:
Per Avander, CEO, +46 (0)10 497 70 00, per.avander@bilia.se
Kristina Franzén, CFO, +46 (0)10-497 73 40, kristina.franzen@bilia.se
This is information that Bilia AB (publ) is obliged to make public pursuant to the EU’s Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 8 February 2019, at 13:00 PM CET.
Bilia is one of Europe’s largest car dealership chains, with a leading position in servicing and sales of cars and transport vehicles plus supplementary services such as financing and insurance. Bilia has 134 facilities in Sweden, Norway, Germany, Luxembourg and Belgium plus two online auction sites, one in Sweden and one in Norway.
Bilia’s Service Business comprises a well-developed range of services and service concepts that are continuously developed to simplify car ownership for the customers. The Service Business comprises workshop services, spare parts, store sales and e-commerce.
Bilia’s Car Business comprises sales of both new and used cars and transport vehicles, plus supplementary services such as financing and insurance. Bilia sells cars from Volvo, BMW, Toyota, Renault, Lexus, MINI and Dacia and transport vehicles from Renault, Toyota and Dacia.
Bilia’s Fuel Business comprises fuel sales and car washes.
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