Bilia AB reported unaudited group consolidated and parent earnings results for the first quarter ended March 31, 2013. For the quarter, the consolidated company reported net turnover was SEK 4,048 million compared to SEK 4,562 million for the same period last year. Operating profit was SEK 45 million compared to SEK 77 million for the same period last year. Profit before tax was SEK 54 million compared to SEK 73 million for the same period last year. Net profit was SEK 44 million or SEK 1.80 per diluted share compared to SEK 50 million or SEK 2.00 per diluted share for the same period last year. Acquisitions of non-current assets, intangible and property, plant and equipment was SEK 33 million compared to SEK 46 million for the same period last year. Return on equity was 9.4% compared to 22.8% for the same period last year. Net debt decreased by SEK 88 million during the quarter, amounting to SEK 482 million Cash flow from operating activities was SEK 124 million compared to SEK 371 million for the same period last year. For the quarter, the parent company reported net turnover was SEK 99 million compared to SEK 99 million for the same period last year. Operating loss was SEK 15 million compared to SEK 10 million for the same period last year. Loss before tax was SEK 11 million compared to SEK 3 million for the same period last year. Net loss was SEK 9 million compared to SEK 3 million for the same period last year.

On 6 April, Bilia AB is opening a full-service facility for Renault at Bilia’s nearby facility at Eklanda, Gothenburg. The new full-service facility for Renault with a service centre, tyre centre, car glass centre, and sale of new and used Renault cars is now opening in new premises at Eklanda. During the year, Renault’s subsidiary, Dacia, will also move into the new facility.

Bilia AB proposed a regular dividend of SEK 6.00 per share against SEK 9.50 per share a year ago.