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Australia is an interesting market, like many others they have a great need for maintenance on the railway infrastructure. The difference is that the railway is to a greater extent owned by individual companies, for example, the mining companies who are also responsible for all maintenance on their railways.
Jonny Granlund, Business Area Manager for Railcare's Contracting Operations and Machine & Technology
I am impressed and proud of the dedication shown by our employees at this challenging time. The hallmark of our strong corporate culture is that we are flexible, agile and solution-oriented – and once again this has proven to be our greatest asset.
Mattias Remahl, CEO
We carried out some projects for Beacon Rail in 2022 and have built a good relationship with them. Happily, it has resulted in a renewed trust.
Patrik Söderholm, Operations Manager at Railcare Lokverkstad
We have been hoping for renewed trust from LKAB, and it is very pleasing that we have now received it. In this contract we also have the opportunity for an extension during 2024.
Mattias Remahl, CEO Railcare Group
The fact that our standby locomotives are located in a total of five locations, contributes to an increased long-term perspective for our transport operations.
Mattias Remahl, CEO Railcare Group
Our primary aim is to build an even stronger team of machine operators. We will do this by bringing them together in one company and recruiting an Operations Manager who will develop both the organisation and the individual.
Mattias Remahl, CEO Railcare Group
Railcare has an overall appeal that is quite unique. Since the company has everything from its own workshop to locomotives and train drivers, there is an extremely great understanding of the needs that arise. This is apparent partly through the knowledge they possess, along with the response time to problems that arise.
Arvid Haag, Fleet Manager, Nordic Re-Finance
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Interim Report January-June 2023

Record sales and maintained marginSecond Quarter · Consolidated net sales increased by 13.7 percent to SEK 144.7 million (127.2). · Operating profit (EBIT) increased to SEK 14.9 million (13.0). · Earnings per share before and after dilution amounted to SEK 0.41 (0.40). First six months of the year · Consolidated net sales increased by 14.9 percent to SEK 255.7 million (222.5). · Operating profit (EBIT) increased to SEK 28.0 million (21.8). · Earnings per share before and after dilution amounted to SEK 0.77 (0.65). Significant events in the second quarter ·

Report from the Annual General Meeting of Railcare Group AB (publ)

Today, 4 May, 2023, the Annual General Meeting of Railcare Group AB (publ) was held. Below is a summary of the resolutions made. All resolutions were adopted with the required majority.Adoption of the income statement and the balance sheetsThe Meeting resolved to adopt the income statement and the balance sheet for the company as well as the consolidated income statement and the consolidated balance sheet for the financial year 2022. Allocation of the company’s resultThe Meeting resolved to allocate the company's profits for the financial year 2022 in accordance with the Board's

Interim Report January-March 2023

High sales and improved marginFirst Quarter · Consolidated net sales increased by 16.5 percent to SEK 111.0 million (95.3). · Operating profit (EBIT) increased to SEK 13.1 million (8.8). · Earnings per share before and after dilution amounted to SEK 0.36 (0.25). Significant events in the first quarter · LKAB Malmtrafik renewed its agreement with Railcare regarding the transport of iron ore for approximately SEK 40 million. · The assignment regarding a further three standby locomotives in northern Sweden started on 1 January as planned. · Railcare’s Board of

Notice to attend the Annual General Meeting of Railcare Group AB (publ)

The shareholders of Railcare Group AB, reg. no. 556730-7813, (“Railcare Group” or the “Company”) are hereby given notice to attend the Annual General Meeting to be held at 11:00 CEST, Thursday 4 May 2023 at the Company’s head office, Näsuddsvägen 10 in   Skelleftehamn, Sweden. Registration for the Meeting commences at 10:15 CEST.NOTICE OF PARTICIPATION Shareholders who wish to participate in the proceedings of the General Meeting must: · both be entered in the register of shareholders kept by Euroclear Sweden AB on the record date on Tuesday 25 April 2023; and · notify the

Railcare adopts new financial targets

The Board of Directors of Railcare Group AB has adopted new financial targets for the period up until the end of 2027. The aim is to increase sales by 60 percent over the next five years.Railcare’s updated financial targets are to achieve sales of SEK 800 million by 2027 and to maintain an operating margin of more than 10 percent. - Our position as an innovative, dynamic specialist in the railway sector helps create good opportunities for growth, and these targets are a better reflection of our potential over the next five years, says Mattias Remahl, CEO of Railcare Group. Major

Year-end report 2022

Volumes remain high but operating margin has decreasedFourth quarter · Consolidated net sales decreased by 2.8 percent to SEK 128.0 million (131.8). · Operating profit (EBIT) decreased to SEK 6.7 million (24.7). · Earnings per share before and after dilution amounted to SEK 0.14 (0.75). Full year, January-December 2022 · Consolidated net sales increased by 13.5 percent to SEK 497.0 million (438.0). · Operating profit (EBIT) decreased to SEK 52.4 million (56.2). · Earnings per share before and after dilution amounted to SEK 1.52 (1.68).  · The Board of Directors

Interim Report January-September 2022

Strong second quarter with high volumes in both the Contracting Sweden and Transport Scandinavia segmentsThird quarter · Consolidated net sales increased by 16.1 percent to SEK 146.5 million (126.2). · Operating profit (EBIT) decreased to SEK 23.9 million (25.3). · Earnings per share before and after dilution amounted to SEK 0.74 (0.79).  First nine months of the year · Consolidated net sales increased by 20.5 percent to SEK 369.0 million (306.2). · Operating profit (EBIT) increased to SEK 45.7 million (31.5). · Earnings per share before and after dilution amounted

Interim Report January-June 2022

Strong second quarter with high volumes in both the Contracting Swedenand Transport Scandinavia segmentsSecond quarter · Consolidated net sales increased by 39.7 percent to SEK 127.2 million (91.1). · Operating profit (EBIT) increased to SEK 13.0 million (-2.5). · Earnings per share before and after dilution amounted to SEK 0.40 (-0.12). First six months of the year · Consolidated net sales increased by 23.6 percent to SEK 222.5 million (180.0). · Operating profit (EBIT) increased to SEK 21.8 million (6.2). · Earnings per share before and after dilution amounted

Report from the Annual General Meeting of Railcare Group AB (publ)

Today, May 4, 2022, the Annual General Meeting of Railcare Group AB (publ) was held. Below is a summary of the resolutions taken. All resolutions were made with the required majority. Adoption of the income statement and the balance sheetsThe Meeting resolved to adopt the income statement and the balance sheet for the company as well as the consolidated income statement and the consolidated balance sheet. Distribution of resultsThe Meeting resolved to dispose of the company's profits for the 2021 fiscal year in accordance with the Board's proposal. The Annual General Meeting

Interim Report January-March 2022

Stable quarter with high volumes in Contracting Sweden’s operations First quarter · Consolidated net sales increased by 7.1 percent to SEK 95.3 million (88.9). · Operating profit (EBIT) increased marginally to SEK 8.8 million (8.7). · Profit per share before and after dilution amounted to SEK 0.25 (0.26).  Significant events in the first quarter  · In January, Railcare signed a new framework agreement with the Swedish Transport Administration relating to contracting work in Sweden. The new agreement includes opportunities for the use of the MPV, the battery-powered

Swedish Transport Administration extends snow removal contract with Railcare by three years

The Swedish Transport Administration has exercised its option to extend its existing snow removal contract with Railcare by another three years. The extended contract covers the period up to 30 April 2025 and the value of the agreement is SEK 40 million per year. Pursuant to the snow removal contract, Railcare provides a number of machines and personnel that are strategically deployed across Sweden. This enables services to be provided to those areas most in need, in the shortest time possible, during the winter season.  Snow melters are used primarily in railway yards and stations,

Railcare signs renewed agreement for iron ore transports for LKAB Malmtrafik of approximately SEK 50 million

Railcare has renewed its agreement with LKAB Malmtrafik relating to iron ore transports. The value of the agreement is approximately SEK 50 million and spans the period until 31 December 2022. The transports, which encompass three rounds per day between Svappavaara-Kiruna and Svappavaara-Gällivare will start immediately. “These transports require high delivery reliability and the fact that we have now received the renewed confidence of LKAB is evidence of our effective transport operations and is obviously very pleasing,” commented Mattias Remahl, CEO of Railcare Group AB. Railcare’

Notice to attend the Annual General Meeting of Railcare Group AB (publ)

The shareholders of Railcare Group AB (publ), reg. no. 556730-7813, (“Railcare Group” or the “Company”) are hereby given notice to attend the Annual General Meeting to be held at 13:00 CEST, Wednesday 4 May 2022 at the Company’s head office, Näsuddsvägen 10 in   Skelleftehamn, Sweden. Registration for the Meeting commences at 12:15 CEST. NOTICE OF PARTICIPATION Shareholders who wish to participate in the proceedings of the General Meeting must: · both be entered in the shareholders’ register kept by Euroclear Sweden AB, as of Tuesday 26 April 2022; and · notify the Company no

The Nomination Committee’s proposal of the Board of Directors for the Annual General Meeting 2022

Railcare Group AB (publ)’s Nomination Committee proposes that the Annual General Meeting re-elect the current members of the Board of Directors Catharina Elmsäter-Svärd, Ulf Marklund, Anna Weiner Jiffer, Adam Ådin, Anders Westermark, and Björn Östlund. Anders Westermark is proposed to be the new Chairman of the Board. In addition, the Nomination Committee proposes that the Annual General Meeting resolves on remuneration to non-employed board members elected by the General Meeting and non-employed members of the Board of Directors’ various committees shall be, SEK 200 000 to the Chairman of

Year-end report 2021

Record sales and continued high utilisation in transport operationsFourth quarter · Consolidated net sales increased by 37.9 percent to SEK 131.8 million (95.6). · Operating profit (EBIT) increased to SEK 24.7 million (14.3). · Earnings per share after dilution amounted to SEK 0.75 (0.47). Full-year 2021, January-December 2021 · Consolidated net sales increased by 9.1 percent to SEK 438.0 million (401.3). · Operating profit (EBIT) decreased to SEK 56.2 million (60.4). · Earnings per share after dilution amounted to SEK 1.68 (1.82).  · The Board of Directors

Railcare signs new framework agreement with the Swedish Transport Administration

Railcare has signed a new framework agreement with the Swedish Transport Administration relating to construction work in Sweden. The agreement spans a period of 3 years with the option to extend it by a further 1+1 years. The agreement provides conditions for Railcare’s latest innovation MPV, a battery-powered maintenance machine for railways. The framework agreement includes preparatory work ahead of future track replacements and maintenance work included in the Swedish Transport Administration’s plans. In line with previous agreements with the Swedish Transport Administration, work

Updated Nomination Committee for Railcare Group AB's Annual General Meeting 2022

At the end of November, ownership changes took place among the largest owners in Railcare Group AB, which affects the composition of the Nomination Committee for the 2022 Annual General Meeting. Ålandsbanken AB is the new third largest owner and, according to the guidelines for the Nomination Committee, has the right to appoint a member of the Nomination Committee. Ålandsbanken AB has chosen to give Kjell Lindskog continued confidence as a member. This means that the composition of the Nomination Committee for the 2022 Annual General Meeting is unchanged, and consists of Lina Ådin,

Railcare will reduce its fossil emissions by 40% by 2025

As part of the Group's ongoing sustainability work, Railcare has set a clear goal of reducing the consumption of fossil emissions from its own locomotives and machinery by 40% by 2025.- Our core business is to work on the railway, whilst making it sustainable, we, therefore, must put the environment high on the agenda. We are now clarifying this with a clear goal, says Mattias Remahl, CEO of Railcare. The decision is based on the sustainability work that is ongoing within the Group. Railcare has concluded that the biggest difference can be achieved by reducing fossil emissions from fuel

Railcare is appointed to a four-year contract with the Swedish Transport Administration relating to standby locomotives worth a total of SEK 152 million

Railcare has been appointed to a four-year contract with the Swedish Transport Administration relating to standby locomotives worth a total of SEK 152 million, corresponding to SEK 38 million annually. The start date of the contract is 1 August 2022 and involves four new locations (Långsele, Boden, Vännäs and Kiruna). Standby locomotives are used to ensure faster recovery of vehicles and, in exceptional cases, evacuation. The assignment involves transport of railway vehicles involved in an adverse event or affected by breakdown on the railway network managed by the Swedish Transport

Railcare signs agreement with Infranord for the upgrade of locomotives worth a total of SEK 30 million

Railcare has signed an agreement with Infranord relating to the upgrade of two type TB diesel locomotives. The agreement is worth a total of SEK 30 million. The assignment, which will be carried out by the locomotive workshop in Långsele, comprises an upgrade focused on working environment, sustainability and performance. The work is scheduled to start shortly and is expected to continue for most of 2022. The assignment involves changing to stage V-engines to ensure that the locomotives satisfy current demands on performance and CO2 emissions, as well as improving the working environment

Information about ownership changes in Railcare Group AB (publ)

The founding families Marklund and Dahlqvist are selling their entire holding to Norra Västerbotten Fastighets AB, which thereby increases its holding to 29.8% of Railcare Group AB.The founding families Marklund and Dahlqvist previously owned 17.6% of Railcare Group AB, but are now selling their entire holding to Norra Västerbotten Fastighets AB. Daniel Öholm, a member of Group management and former CEO of Railcare Group AB, also sold a large part of his holding to the same buyer. Norra Västerbotten Fastighets AB was already the single largest shareholder of Railcare Group AB, and has now

Railcare comments on derailment on Malmbanan

The derailment near Gällivare is not expected to have a negative financial effect on Railcare.A train carrying iron ore derailed on Malmbanan near Gällivare on Sunday 7 November. The derailment was extensive and is expected to lead to lengthy stoppages on the route. Railcare carries out transports on Malmbanan on behalf of LKAB and Kaunis Iron AB. The train carrying iron ore was not operating under Railcare’s management.  Railcare’s transport assignment also includes other routes and these assignments have not been affected by the derailment. “We regret that this situation has

Interim Report January-September 2021

Record sales and full utilisation in transport operationsThird quarter · Consolidated net sales increased by 33.6 percent to SEK 126.2 million (94.5). · Operating profit (EBIT) increased to SEK 25.3 million (14.4). · Earnings per share after dilution amounted to SEK 0.79 (0.40). First nine months of the year · Consolidated net sales increased by 0.2 percent to SEK 306.2 million (305.7). · Operating profit (EBIT) decreased to SEK 31.5 million (46.1). · Earnings per share after dilution amounted to SEK 0.92 (1.36). Significant events in the third quarter   ·

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