NOBINA INTERIM REPORT 1 JUNE–31 AUGUST 2014
Summary of the second quarter
• Net sales were SEK 1,815 million (1,718), which was an increase of 5.6 per cent.
• The operating profit was SEK 111 million (107).
• Earnings after tax were SEK 51 million (31) and earnings per share were SEK 0.08 (0.05).
• Cash flow from operating activities was SEK 240 million (229).
• Investments, which mainly referred to the acquisition of buses, totalled SEK 450 million (18).
Significant events
• During the period Nobina successfully completed the migration
of over 900 buses.
• In June Nobina Norway won East Oslo’s tender for transport operator services. The contract begins in June 2015. Nobina has by that secured a significant scale of business in Oslo.
CEO’s comments
“Nobina’s business situation was stable, in general, during the second quarter, while our intensive efforts to migrate from expiring contracts to the start up of new ones is progressing according to plan. Our quarterly result is slightly better than in the same period in the previous year, pointing to continued good profitability despite significant investments in contract adjustment activities. This shows that our careful preparations are paying off.
During the period we also secured the contract for East Oslo’s bus transport services. This means that Nobina is now the third largest operator in the Norwegian capital, which of course is very good news. We are also awaiting the outcome of a number of appeals that will affect our contract volume. We are confident about our prospects in the market and enter the third quarter with a strong resolve to confirm Nobina’s leading position.”
Ragnar Norbäck,
President and CEO
For more information, please contact:
Ingrid Håkanson, Group Treasurer and IR-manager
tel: +46 8 410 650 51, e-mail: ingrid.hakanson@nobina.com
Per Skärgård, CFO
tel: +46 8 410 650 56, e-mail: per.skargard@nobina.com
The Nobina group is the largest bus passenger transport company in the Nordic region. The operations include contractual regional traffic in Sweden, Denmark, Norway and Finland as well as independently operated interregional traffic through Swebus. The Nobina group has annual sales above SEK 7 billion, operates 3,400 buses and, with more than 260 million passenger journeys per year, is one of the major passenger transport companies in northern Europe. For more information, please see www.nobina.com.
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