Bilia AB
Quarterly report
Report for the third quarter of 2012
Gothenburg, Sweden, 2012-10-26 08:30 CEST (GLOBE NEWSWIRE) --
Nine months
-- Net turnover amounted to SEK 13,128 M (13,380).
-- Operating profit excluding items affecting comparability amounted to
SEK 183 M (344).
-- Profit for the period was SEK 75 M (321) and earnings per share
SEK 3.00 (12.85).
-- Operating cash flow amounted to SEK 466 M (466).
Third quarter
-- Net turnover amounted to SEK 3,824 M (4,179).
-- Operating profit excluding items affecting comparability amounted to
SEK 50 M (105).
-- Operating cash flow amounted to SEK 30 M (273).
In a comment on the third quarter, Bilia’s Managing Director Per Avander says:
“Demand for new cars and service declined as expected during the quarter.
Operating
profit was at a much lower level than last year, but still acceptable compared
with the second quarter of the year. We have taken a first step in adapting the
operation in Denmark to the new market situation by closing one dealership and
discontinuing one wholesale operation. We reported a very good cash flow during
the first nine months of the year, and the Group’s financial position continues
to be strong. We project that demand for new cars and service will be at a
lower level during the fourth quarter compared with last year, but on a level
with the market situation during the third quarter.”
Gothenburg, 26 October 2012
Bilia AB (publ)
Board of Directors
For further information, please contact Per Avander, Managing Director
and CEO, or Gunnar Blomkvist, CFO, telephone +46 31 709 55 00.
https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=527074&messageId=648198
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=407699