NOBINA AB – RESULTS 2012/2013

FOURTH QUARTER (DECEMBER 1, 2012 – FEBRUARY 28, 2013)

  • Sales amounted to SEK 1,793 million (1,747), an increase of 3% or SEK 46 million.                                       
  • Operating profit of SEK 16 million (-150), an increase of SEK 166 million.          
  • Earnings for the quarter after tax of SEK -55 million (-188). Earnings per share of SEK -1.54 (-7.54).               
  • Cash flow from the operations was SEK 170 million (154). Cash flow after net investments and financing activities amounted to SEK -32 million (-50).                 
  • The Group's investments, primarily for the purchase of buses, amounted to SEK 58 million (444), of which investments of SEK 27 million (406) were financed through leasing agreements and SEK 31 million (38) were financed in cash.

FULL YEAR (MARCH 1, 2012 – FEBRUARY 28, 2013)

  • Sales amounted to SEK 7,212 (7,050), an increase of 2.3% or SEK 162 million.          
  • Operating profit of SEK 245 million (37), an increase of SEK 208 million.            
  • Earnings after tax were SEK 59 million (-230), inclusive of SEK 70 million (0) reporting of tax deductibles. Earnings per share of SEK 0.25 (-9.23).                  
  • Cash flow from the operations was SEK 866 million (626). Cash flow after net investments and financing activities amounted to SEK 33 million (-120).                            
  • The Group's investments, primarily for the purchase of buses, amounted to SEK 1,256 million (860), of which investments of SEK 1,129 million (745) were financed through leasing agreements and SEK 127 million (115) were financed in cash.

SIGNIFICANT EVENTS DURING THE QUARTER      

  • Nobina listed its corporate bond on NASDAQ OMX on December 21.

SIGNIFICANT EVENTS SINCE THE END OF THE QUARTER    

  • Nobina won a tender for traffic in Malmö city covering approximately 100 routed buses, and consequently Nobina will be responsible for the entire urban bus traffic in Malmö as from June 2014. The agreement is for three years, with three option years, and is expected to be worth around SEK 2.5 billion over the term of the agreement.
  • Nobina also won a tender for 31 buses in Helsinki. The result of the tender means that Nobina will be the largest operator in Helsinki.         

CEO's comments
The 2012/2013 financial year was a strong one for Nobina. We reported our best operating profit (EBIT) to date, namely SEK 245 million (37), despite the fact that we currently also have the youngest contract portfolio and bus fleet ever, both of which factors have a negative impact on earning capacity in the short term. The Group's revenues increased by 2.3%, to SEK 7,212 million; this was primarily due to the growth in existing contracts attributable to increased travel on all markets. This is a sign that contracts with incentive elements have come to dominate, which provides us with greater opportunities to influence our own revenues. In other words, we are well positioned for the future.

It is primarily the Swedish regional traffic operations which are continuing to develop well. It is also pleasing that the Finnish operations reported a very strong year. On the minus side, there is the problematic Tromsö contract in Nobina Norway's operations.    

Ragnar Norbäck, CEO             

For further information please contact:          

Ragnar Norbäck, President and CEO
+46 8-410 65 000

Per Skärgård, CFO
+46 8-410 65 056

Ingrid Håkanson, IR Manager
+46 8-410 65 051

The Nobina group is the largest company in the Nordic region within the area of public transport by bus. The operations include contractual regional traffic in Sweden, Norway, Finland and Denmark as well as inter-regional traffic through the subsidiary Swebus. The Nobina Group has revenues in excess of SEK 7 billion, operates 3,500 buses and, with approximately 260 million passenger journeys per year, is one of the larger passenger transport companies in northern Europe. More information is available on www.nobina.com

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