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Year-end report 2013

February 4, 2014

Gothenburg, Sweden , 2014-02-04 12:50 CET (GLOBE NEWSWIRE) -- Full year 2013 -- Net turnover amounted to SEK 17,656 M (17,662). -- Net profit for the year was SEK 290 M (156) and earnings per share SEK 11.70 (6.30). -- An ordinary dividend is proposed in the amount of SEK 9.00 (6.00). Fourth quarter -- Net turnover amounted to SEK 4,878 M (4,534). -- Operating profit excluding items affecting comparability amounted to SEK 159 M (139). -- Net profit for the period was SEK 128 M (76) and earnings per share SEK 5.15 (3.10). -- Operating cash flow amounted to SEK -174 M (-20). In a comment on the fourth quarter, Bilia's Managing Director Per Avander says: ”Demand for cars and service was slightly better compared with both the third quarter of this year and the same quarter last year. Operations in Sweden and Norway developed favourably and Norway reported the best quarterly earnings in history. The Service Business continued to develop very positively and reported better earnings than last year. The Car Business reported earnings on a level with last year. The order backlog of new cars declined but is still high compared with last year, and the Group's financial position is strong. We project that demand for cars and service in the first quarter of 2014 will be slightly higher than compared with the first quarter of 2013, even though demand in Norway is expected to decline during the coming quarter.” For further information, please contact Per Avander, CEO, or Gunnar Blomkvist , CFO, telephone +46 31 709 55 00. Copyright © 2014 OMX AB (publ).

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Source: OMX

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