Nobina interim report 1 March 2020– 31 May 2020
Strong position in a challenging market During the first quarter, we continued to see negative impact on sales and earnings of last year’s extensive contract migration of some 1,100 buses. In addition, profitability in incentive contracts was adversely affected by a drop in passenger numbers by about 50 percent due to covid-19. Negotiations with some clients, concerning how these contracts can be adapted during the pandemic, are still ongoing while some negotiations have been finalized. We noted a slight recovery in passenger numbers in May and can confirm that Nobina’s stable financial