NOBINA INTERIM REPORT MARCH 2013 - FEBRUARY 2014

FOURTH QUARTER IN BRIEF 

Net sales amounted to SEK 1,816 million (1,793), which is an increase of 1.3 %.

Operating profit amounted to SEK 32 million (17), which is the highest historically, to date.

Earnings after tax amounted to SEK -25 million (-54), and earning per share amounted to SEK -0.04 (-1.52).

Cash flow from operations amounted to SEK 345 million (170).

Investments, mainly consisting of the acquisition of buses, amounted to SEK 192 million (58). 

SIGNIFICANT EVENTS

In Denmark, Nobina won a tender resulting in renewed and expanded confidence as regards the traffic in Copen­hagen and North Zealand. The contract for a total of 112 buses stretches initially over six years at an estimated value of nearly SEK 1.8 billion.

Nobina’s traffic in Dalarna was tendered during 2013, but as the agreed upon industry terms and conditions had not been complied with, Nobina appealed the procurement process. The client subsequently undertook a direct tender, which resulted in that Nobina’s traffic will be terminated in June and the buses in this region will be re-alloacted within the framework of other traffic contracts. 

CEO’S COMMENTS

”The earnings trend was stable in the fourth quarter and cash flow improved significantly. All of our operations developed in the right direction and Swebus achieved a positive result. We evidenced that we can win a tender in Copen­hagen without deviating from profitability or quality. This provides us with positive grounds for sound Danish operations. Seen over an entire year, the outcome of the tenders was very successful as Nobina won 53 % of the volume for which we provided a bid. During the forthcoming financial year we will be less exposed to terminating contracts and, given a continued high level of procurement, we see good possibilities for increased market shares. At the same time, this will be a year characterised by an extensive turnover in contracts as a large number of older traffic contracts end and new ones will be started. In the short term, this implies higher costs and investments, and in the long term good premises for continued profitable growth.”

Ragnar Norbäck, President and CEO

CONTACTS

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

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 3,500 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. 

Tags: