Full-Year Report 1 Jan – 31 Dec 2019

Record profit for both the fourth quarter and full year 2019.

Fourth quarter 2019:

• Net turnover amounted to SEK 8,403 M (6,956), an increase of 21 per cent.
• Operational earnings amounted to SEK 415 M (296) and SEK 400 M excluding IFRS 16.
• Profits were positively affected by strong growth in the Service Business, strong demand for used cars and high deliveries of new cars.
• Profit for the period amounted to SEK 262 M (214) and SEK 271 M excluding IFRS 16, and earnings per share to SEK 2.60 (2.10).
• Operating cash flow amounted to SEK -562 M (79) and SEK -391 M excluding IFRS 16 and was negatively affected by a higher stock of cars and higher accounts receivable.

Full year 2019:

• Net turnover amounted to SEK 29,508 M (28,382), an increase of 4 per cent.
• Operational earnings amounted to SEK 1,239 M (1,034) and SEK 1,193 M excluding IFRS 16.
• Profit for the year amounted to SEK 807 M (734) and SEK 838 M excluding IFRS 16, and earnings per share to SEK 8.00 (7.25).
• Operating cash flow amounted to SEK 577 M (542) and SEK 423 M excluding IFRS 16.
• The Board proposes an ordinary dividend of SEK 5.25 (4.75) per share to be paid on two separate occations, in April and October respectively, of SEK 2.75 and 2.50 per share.