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First quarter 2021 bilia Strong results for both the Car Business and the Service Business First quarter 2021 • Net turnover amounted to SEK 9,344 M ( 7,450 ) , an increase of 25 per cent . • • • Operational earnings amounted to SEK 528 M ( 279 ) , an increase of 89 per cent . The improved result was primarily attributable to Norway , which reported an improvement in profits of SEK 154 M , up from SEK 52 M last year to SEK 206 M this year . Profit for the period amounted to SEK 377 M ( 167 ) and earnings per share to SEK 3.85 ( 1.65 ) . Operating cash flow amounted to SEK - 101 M ( 258 ) . Full year 2020 Net turnover amounted to SEK 30,168 M ( 29,508 ) , an increase of 2 per cent . Operational earnings amounted to SEK 1,593 M ( 1,239 ) , an increase of 29 per cent . Profit for the year amounted to SEK 984 M ( 807 ) and earnings per share to SEK 9.85 ( 8.00 ) . Operating cash flow amounted to SEK 2,872 M ( 855 ) . Events after the balance sheet date After the end of the quarter , Bilia reached an agreement to acquire one Toyota dealer in Norway and one Mercedes dealer in Sweden . The COVID - 19 pandemic has continued to be considered a factor of uncertainty . SEK M The Group First quarter 2021 2020 April 20 - March 21 Full year 2020 Net turnover 9,344 7,450 32,062 30,168 Operational earnings 1 ) 528 279 1,842 1,593 Operational margin , % 5.6 3.7 5.7 5.3 Operating profit 504 255 1,613 1,364 Operating margin , % 5.4 3.4 5.0 4.5 Profit before tax 480 219 1,521 1,260 Net profit for the period / year 377 167 1,194 984 Earnings per share , SEK 2 ) 3.85 1.65 12.05 9.85 1 ) For reconciliation of operational earnings with operating profit , see Note 3 . 2 ) The number of shares used in the calculation is shown in the Consolidated Statement of Income and Other Comprehensive Income . Interim Report Bilia AB ( publ ) 1 January - 31 March 2021 1 ( 34 )