Year-end report 2012

2/5/2013 7:20 AM EST

Bilia AB
Financial Statement Release

Year-end report 2012

Gothenburg, Sweden, 2013-02-05 13:20 CET (GLOBE NEWSWIRE) -- 
Full year 2012

  -- Net turnover amounted to SEK 17,662 M (18,160).
  -- Operating profit excluding items affecting comparability amounted to
     SEK 310 M (498).
  -- Net profit for the year was SEK 152 M (420) and earnings per share
     SEK 6.15 (16.85).
  -- Operating cash flow amounted to SEK 446 M (485).
  -- An ordinary dividend is proposed in the amount of SEK 6.00 (9.50).

Fourth quarter

  -- Net turnover amounted to SEK 4,534 M (4,780).
  -- Operating profit excluding items affecting comparability amounted to
     SEK 127 M (154).
  -- Strong earnings in Sweden. 

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

”Demand for new cars and service was on a level with the situation during the
third quarter. It is gratifying to be able to wind up a rather tough year with
a strong quarterly report. We have closed another two facilities in Denmark and
will continue 
to run the operation from five facilities during 2013. We reported a very good
cash flow during the 2012, and the Group’s financial position continues to be
strong. In our judgement, demand for cars and service during the first quarter
of 2013 will be 
on a level with the last quarter of 2012.”


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