Report for the first quarter of 2012

5/4/2012 6:51 AM EST

Bilia AB
Quarterly report

Report for the first quarter of 2012

Gothenburg, Sweden, 2012-05-04 12:51 CEST (GLOBE NEWSWIRE) -- 



First quarter

  -- Net turnover amounted to SEK 4,562 M (4,344).
  -- Operating profit was SEK 74 M (98).
  -- Profit for the period was SEK 49 M (69) and earnings per share SEK 2.00
     (2.75).
  -- Operating cash flow amounted to SEK 355 M (172).



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

“Demand for new cars decreased as expected, and earnings did not reach last
year’s level. Demand in the Service Business was weaker than expected, which is
partly attributable to the mild winter. We reported strong cash flow, and the
trend in Norway continued to be positive. The acquisition of Stenshagen Bil was
completed, and the business will be integrated with Bilia’s Norwegian operation
during the second quarter. We project that demand for new cars and service
during the second quarter will be at a lower level than last year.” 





                                                    First      April 11     Full
                                                    quarter           -     year
Group                                             2012   2011  March 12     2011
--------------------------------------------------------------------------------
Net turnover, SEK M                              4,562  4,344    18,378   18,160
Operating profit excl. items                        74     98       474      498
affecting comparability, SEK M 1)                                               
Operating margin excl. items                       1.6    2.3       2.6      2.7
affecting comparability, %                                                      
Operating profit, SEK M                             74     98       465      489
Operating margin, %                                1.6    2.3       2.5      2.7
Profit before tax, excl. items affecting            71     92       450      471
 comparability, SEK M 1)                                                        
Profit before tax, SEK M                            71     92       441      462
Profit for the period, SEK M                        49     69       400      420
Earnings per share, SEK 2)                        2.00   2.75     16.10    16.85
--------------------------------------------------------------------------------





1)    Items affecting comparability are shown on page 3.

2)  The number of shares used in the calculation is shown in the table on page
11. 








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