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Bilia reports higher operational earnings for the second quarter compared to last year

Written by Customer Service on . Posted in Public Companies.


Bilia today communicates that the operational earnings for the second quarter 2020 were higher than last year and significantly above market expectation.Bilia’s operational earnings for the second quarter 2020 are expected to amount to around SEK 335 M, compared with SEK 306 M for the second quarter 2019. The improvement was attributable to the Service business in combination with cost focus and utilization of Covid-19 support packages where needed.The operating profit for the second quarter 2020 is expected to amount to around SEK 290 M, compared with SEK 280 M for the second quarter 2019. The operating profit includes a structural cost amounting to around SEK 20 M to reduce number of employees.The figures are preliminary and not audited by Bilia’s auditors. Complete information will be reported as part of Bilia’s ordinary interim report on July 29 2020.Gothenburg, July 16 2020Bilia AB (publ)For information please contact:
Per Avander, Managing Director and CEO, +46 (0)10 497 70 00,
per.avander@bilia.se
Kristina Franzén, CFO, +46 (0)10 497 73 40, kristina.franzen@bilia.seThis is information that Bilia AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on July 16 2020, at 08:30 CEST.Facts about the Bilia Group

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