Brief: Bilia Expects Profit For Q4 To Amount To SEK 440 Mln

Bilia AB

26/01/2021 07:40

Jan 26 (Reuters) - Bilia AB  BILIa.ST :
    * REG-FOR THE FOURTH QUARTER 2020 BILIA EXPECTS TO REPORT
OPERATIONAL EARNINGS RESPECTIVELY OPERATING PROFIT CHARGED WITH
RESTRUCTURING COSTS, WHICH SUBSTANTIALLY EXCEED MARKET
EXPECTATIONS. FURTHER THE BOARD OF DIRECTORS INTENDS TO PROPOSE
A DIVIDEND
    * DIVIDEND PROPOSAL OF SEK 6.00 PER SHARE IS IN LINE WITH
GOAL TO
DISTRIBUTE AT LEAST 50 PER CENT OF PROFIT PER SHARE TO COMPANY'S
SHAREHOLDERS.
    * RESTRUCTURING COSTS OF ABOUT SEK 110 M ARE PRIMARILY
ATTRIBUTABLE TO VOLVO CARS' TERMINATION OF BILIA'S DEALER
AGREEMENTS
    * PROFIT FOR Q4, INCLUDING RESTRUCTURING COSTS OF ABOUT SEK
110 M,
IS EXPECTED TO AMOUNT TO ABOUT SEK 440 M,
    * OPERATIONAL EARNINGS, EXCLUDING ITEMS AFFECTING
COMPARABILITY,
FOR Q4 2020 ARE EXPECTED TO AMOUNT TO ABOUT SEK 575 M, COMPARED
WITH SEK 415 M

Source text for Eikon:  ID:nGNE9LvnjD 
Further company coverage:  BILIa.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))