NOBINA INTERIM REPORT MARCH-NOVEMBER 2013
THIRD QUARTER IN BRIEF
Net sales amounted to SEK 1,889 million (1,875), an increase of 0.7 %.
Operating profit amounted to SEK 122 million (81), which was the highest historically, to date.
Earnings after tax amounted to SEK 54 million (72), and earnings per share amounted to 0.09 SEK (0.48).
Cash flow from operations amounted to SEK 183 million (290).
Investments, mainly consisting of the acquisition of buses, amounted to SEK 45 million (464).
SIGNIFICANT EVENTS
Nobina Sweden signed a renewed and expanded contract with Värmlandstrafiken for a total of 160 buses. This contract runs over ten years and the value of the contract is estimated at SEK 300 million annually.
Nobina Sweden secured a renewed contract for the city traffic in Landskrona, as well as a renewed and expanded contract for the traffic in Northwestern Skåne. The value of both contracts is estimated at a total of SEK 100 million annually. The contract in Landskrona runs over approximately ten years and the contract in Northwestern Skåne over eight.
Nobina Denmark was environmentally certified in accordance with the ISO 14001 standard.
CEO’S COMMENTS
”Nobina reported a continued positive performance during the third quarter, resulting in the highest operating profit (EBIT), to date, an increase of 50% compared with the third quarter in the previous year. On the revenue side, things have been good for us with an increased volume of traffic, which has also provided an increase in the share of variable compensation. Gratifyingly, all of Nobina’s operations are developing positively. The year has been characterized by a high tender activity and with approximately 56% tenders won, it can be noted that Nobina has been very successful. Work has also commenced in preparation for next year’s comprehensive contract renewal situation, when a large number of older contracts will be replaced by new ones. On the ownership side, we note an increased interest in Nobina’s shares and bonds through increased trading, which has resulted in a large share of the bonds being traded in the Nordic market.” 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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