NOBINA AB – INTERIM REPORT Q2 2010/11

​SECOND QUARTER (JUNE 1 – AUGUST 31, 2010)
• Sales reached SEK 1,582 million (1,454), an increase of 9 percent or SEK 128 million.
• Operating profit of SEK 90 million (58).
• Earnings for the period of SEK 45 million (59), affected by an unrealized capital gain of SEK 13 million (56) on
the Company's Senior Notes. Earnings per share of SEK 1.81 (1.51).
• Cash flow from the operations amounted to SEK 77 million (123). Cash flow after net investments
amounted to SEK -211 million (-109).
• The Group's investments, primarily relating to the purchase of buses, amounted to SEK 229 million (582),
financed through leasing agreements of SEK 207 million (535) and in cash in the amount of SEK 22 million
(47).

FIRST HALF OF THE YEAR (MARCH 1 – AUGUST 31, 2010)

• Sales reached SEK 3,311 million (3,009), an increase of 10 percent or SEK 302 million.
• Operating profit of SEK 138 million (111).
• Earnings for the period of SEK 46 million (135), affected by an unrealized capital gain of SEK 24 million (151) on the Company's Senior Notes. Earnings per share of SEK 1.85 (10.97).
• Cash flow from the operations amounted to SEK 224 million (283). Cash flow after net investments
  amounted to SEK -166 (-14).
• The Group's investments, primarily relating to the purchase of buses, amounted to SEK 438 million (618), financed through leasing agreements of SEK 397 million (556) and in cash in the amount of SEK 41 million (62).

SIGNIFICANT EVENTS

• On June 22 the Swedish Parliament adopted a decision regarding further deregulation of public transport
  commencing January 1, 2012.
• SEK 115 million was repaid on the Group's Senior Notes during the second quarter.
• During the second quarter, Nobina won procurement contracts for Västtrafik, Norrköping and Malmö city.
  In total during the first half of the year, Nobina was awarded 51 percent of the traffic volume in the decided tender procedures in which the Group participated.

CEO's comments
During the second quarter, increased traffic volume and a price trend together with more efficient operation
contributed to a significantly improved operating profit. The index trend is proceeding in the right direction and we assess that the index levels will be restored to more normal conditions within the next few years. The first half of the year has been characterized by continued extensive tender work, which has resulted in us winning more than half of the decided tender procedures in which we have participated. Regarding the overall trend on the Nordic markets, we see an increasing stability and few threats that can affect the positive market trend of public transport. We are now awaiting how the outcome of the Swedish elections will affect the implementation of the law regarding further deregulation of public transport.

Ragnar Norbäck, CEO

For further information please contact:
Ragnar Norbäck, President and CEO
+46 8-410 65 058

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, 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.

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