NOBINA INTERIM REPORT 1 SEPTEMBER–30 NOVEMBER 2014

THIRD QUARTER HIGHLIGHTS

• Net sales were SEK 1,943 million (1,889), an increase of 2.8 per cent
• The operating profit was SEK 160 million (122)
• Earnings after tax were SEK 77 million (54) and earnings per share were SEK 0.12 (0.09)
• Cash flow from operating activities was SEK 357 million (183)
• Investments, which refer chiefly to the purchase of buses, totalled SEK 148 million (45)

SIGNIFICANT EVENTS

• In November Nobina was awarded the Stockholm region’s tender for bus transport services in the municipalities of Tyresö, Haninge and Nynäshamn. The eight-year contract, the year’s largest, is worth SEK 5 billion.
   
• Nobina has won an extensive tender in Helsinki covering 94 buses. The contract strengthens Nobina’s position in Finland and secures significant market shares in Helsinki. 
   
• Strong revenues and cash flow during the period are important steps towards achieving our medium-term financial targets.

CEO’S COMMENTS

–The third quarter proved to be a strong period for Nobina, and our operating revenue and cash flow situation show that the major contract migrations this year have worked out well. This is an important step towards achieving our medium-term financial targets. 

We are extremely pleased about the outcome in the major procurement of transport operator services in the Stockholm region. The contract runs over eight years and deploys 250 buses in the Haninge, Tyresö and Nynäshamn transport districts. During the period we also secured a large contract in Helsinki. This means that Nobina is now the largest operator in the Finnish capital, with a market share exceeding 40 per cent in the metropolitan area.

I am also pleased to note that the start of new services in the autumn went according to plan. Our quarterly result is better than in the same period last year, which was one of Nobina’s strongest results to date. With business opportunities in our markets expected to remain favourable, we enter the fourth quarter of the year with good confidence.

Ragnar Norbäck,
President and 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

Nobina is the Nordic Region’s largest player within the area of public transport by bus. The operations include contractual regional traffic in Sweden, Norway, Finland and Denmark and interregional traffic through the subsidiary Swebus. The Nobina Group has revenues in excess of SEK 7 billion, operates 3,500 buses and with more than 260 million passenger journeys per year, is one of Northern Europe’s ten largest passenger transport companies. More information can be found on www.nobina.com.

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