LKAB Malmtrafik extends its contract with Railcare for transporting iron ore, worth a total of approximately SEK 70 million
LKAB Malmtrafik is exercising its option to extend the contract with Railcare relating to iron ore transports until 31 December 2024. The value of the contract during 2024 amounts to approximately SEK 70 million.
“LKAB is a key customer and it is very pleasing that they are exercising the option to extend the agreement throughout 2024. The early announcement that the option will be exercised provides good foresight in the planning of resources and ensures that the transports can take place without interruption. In the new contract, we will also equip all locomotives with central coupling, which gives us the opportunity to haul heavier loads,” commented Mattias Remahl, CEO of Railcare Group AB.
The iron ore transports will run between Svappavaara-Kiruna and Svappavaara-Gällivare.
This information is such that Railcare Group AB (publ) is required to disclose under the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, for publication on 29 September 2023 8:30 am CEST.
For further information contact:
Mattias Remahl, CEO
Telephone: +46 70 271 33 46
E-mail: mattias.remahl@railcare.se
Lisa Borgs, CFO and IR Manager
Telephone: +46 70 622 50 01
E-mail: lisa.borgs@railcare.se
About Railcare Group
The railway specialist Railcare offers innovative products and services for the railway; for example, railway maintenance with self-developed machines, a locomotive workshop, special transport and machine sales projects. Our market is mainly in Scandinavia and the United Kingdom. The railway industry is in a positive development with increasing traffic volumes, extensive investment programs, developing cost-effective freight and passenger transport, and rising environmental awareness. Railcare delivers both sustainable and efficient solutions that contribute to the railway, so it can be used for the maximum number of years to come. The shares of Railcare Group AB (publ) are listed on the Small Cap list of the Nasdaq Stockholm exchange. The Group has approximately 160 employees and annual sales of approximately SEK 500 million. The company's headquarters are in Skellefteå
