INTERIM REPORT, MARCH 1–MAY 31, 2010

 THE FIRST QUARTER (MARCH 1–MAY 31, 2010)

·     Sales reached SEK 1,729 million (1,555), an increase of 11 percent or SEK 174 million.      

·     Operating profit of SEK 48 million (53).         

·     Earnings for the period of SEK 1 million (76) affected by an unrealized capital gain of SEK 11 million
(95) on the Company's bond loan.                          

·     Earnings per share of SEK 0.04 (-17.8).

·     Cash flow from the operations amounted to SEK 147 million (160). Cash flow after net investments amounted to SEK 45 million (95).               

·     The Group's investments relate primarily to the purchase of buses for SEK 209 million (36), financed through leasing agreements of SEK 190 million (21) and in cash in the amount of SEK 19 million (15).

SIGNIFICANT EVENTS DURING THE QUARTER      

• At the Annual General Meeting held on May 10, Birgitta Kantola, Rolf Lydahl, Thomas Naess, Jan Sundling and Jan Sjöqvist (Chairman) were re-elected.
• Contract gains in Helsinki (Finland) and in Östergötland (Sweden).
• Swebus expands its distributor network through agreements with Reitangruppen (7-eleven and Pressbyrån) and is launching airport transfer traffic between Stockholm City and Arlanda.
• The Swedish Parliament decided on a lower age for licenses to drive buses, which will benefit the recruitment of younger drivers to the industry.

SIGNIFICANT EVENTS FOLLOWING THE QUARTER 

• Nobina won tenders for Västtrafik (Grön Express) and Norrköping, but lost the tender of regional traffic in Uppland, which has subsequently been appealed by another bidder.                    
• On June 22, the Swedish Parliament decided on further deregulation of public transport commencing January 1, 2012. Private operators will have the opportunity to establish new lines on a commercial basis, while basic public transport will continue to be offered by operators within the scope of tendered contracts with PTAs.
• On June 28, Skånetrafiken announced that Nobina won a tender for 90 buses in the City of Malmö.   

For further information, please contact:
Per Skärgård, Chief Financial Officer, +46 8 410 650 56
Ingrid Håkanson, Group Treasurer and IR-manager, +46 701 87 10 72

The Nobina group is the largest company in the Nordic region within the area of public transport by bus, and its business concept is to simplify the customers' daily travel. The operations include contractual regional traffic in the Nordic region as well as inter-regional traffic. The Group consists of the operating companies Nobina Sverige AB and Swebus Express AB in Sweden, Nobina Norge AS, Nobina Finland Oy and Nobina Danmark A/S. With approximately 266 million passengers per year, Nobina is one of the ten largest passenger transport companies in Europe.