Nobina wins traffic contracts in Värmland worth more than SEK 3 billion

Nobina has won tenders for traffic contracts for Värmlandstrafiken. The contracts comprise traffic of around 160 buses and run for a period of ten years, with the option for additional two years. The estimated total value is more than SEK 3 billion over the contract period. Through the new traffic contracts Nobina will be responsible for city and region bus traffic in Värmland, starting in December 2014.

The contract award notice from Värmlandstrafiken means that Nobina expands the responsibility for public transport by bus in Värmland with approximately 60 buses to around 160 buses. The traffic contracts’ annual compensation amounts to around SEK 310 million, combining a fixed and an incentive-based part. The tender outcome may be appealed until September 9th.

- We are very pleased with the trust to continue and expanding operating the bus traffic in Värmland. The successful tender outcome strongly contributes to compensate for expiring contracts during the coming year, says Ragnar Norbäck, President and CEO of Nobina.

In connection with the traffic start in Värmland, Nobina will invest in around 160 new buses, of which the major part will be run with fossil free fuel.

For more information, please contact:
Ingrid Håkanson, IR Manager,
telephone +46 (0)8-410 650 51

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 in excess of SEK 7 billion, operates 3,500 buses and, with more than 260 million passenger journeys per year, and is one of the major passenger transport companies in northern Europe. For more information, please see www.nobina.com.