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Bilia profit beats consensus by 88.2% in Q2

Bilia AB said its second-quarter normalized net income came to 2.35 Swedish kronor per share, compared with the S&P Capital IQ consensus estimate of 1.25 kronor per share.

EPS climbed year over year from 75 öre.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 239.4 million kronor, a gain from 76.3 million kronor in the prior-year period.

The normalized profit margin rose to 4.4% from 1.6% in the year-earlier period.

Total revenue climbed 11.7% year over year to 5.38 billion kronor from 4.82 billion kronor, and total operating expenses grew 6.5% on an annual basis to 5.00 billion kronor from 4.69 billion kronor.

Reported net income grew year over year to 295.3 million kronor, or 2.90 kronor per share, from 99.3 million kronor, or 98 öre per share.

As of July 23, US$1 was equivalent to 8.60 Swedish kronor.