High sales and improved margin
First 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 withRailcare regarding the transport of iron ore for approximatelySEK 40 million .-
The assignment regarding a further three standby locomotives in northern
Sweden started on 1 January as planned. Railcare's Board of Directors adopted new targets.Railcare's updated financial targets are to achieve sales ofSEK 800 million by 2027 and to maintain an operating margin of more than 10 percent.
Significant events after the period
- As a result of a growing organisation and confidence in the future,
Railcare has made changes to its Group Management. The new Group Management comprisesMattias Remahl , CEO;Lisa Borgs , the new CFO;Johan Hans én, head of transport operations andJonny Granlund , head of contracting operations and Machines and Technology.
CEO's comments
Net sales in the first quarter were SEK 111.0 million (95.3) and operating profit was SEK 13.1 million (8.8). This corresponded to an operating margin of 11.8 percent.
"A quarter characterised by higher volumes in the transport operations and in Contracting Abroad, which contributed to an increased operating margin and the highest ever sales for a first quarter."
Contracting
The volume of contracting work in
On 1 January the contracting operations were restructured so that all of their operators, in both
Contracting Abroad
Demand for contracting operations in the
Transport Scandinavia
Transport Scandinavia reported significantly higher volumes compared to the first quarter of 2022. The contract regarding the four new standby locomotives covers a period of four years from
As a result of new environmental requirements and the introduction of a new signalling system, the Swedish fleet of locomotives will undergo major change in future years. The locomotive workshop in Långsele has built up a wealth of experience and has the necessary certification to carry out these services. Since
Machines and Technology
Work is under way in the Machines and Technology segment to finish the enhanced generation of MPV with pantographs. The plan is to conduct a trial run of the machine in the second half of the year and begin full production next year.
New financial targets
In February, the Board of Directors of
The railway industry is facing a major transition driven by new environmental requirements and the introduction of a new signalling system. Thanks to our battery technology in the contracting operations, our offering in the locomotive workshop in Långsele and the switch to sustainable transport in our transport operations, we are already at the forefront of this transition.
This information is such that
For further information contact:
Telephone: +46 70 271 33 46
E-mail: mattias.remahl@railcare.se
Telephone: +46 70 622 50 01
E-mail: lisa.borgs@railcare.se
About
The railway specialist
https://news.cision.com/railcare/r/interim-report-january-march-2023,c3762239
https://mb.cision.com/Main/11562/3762239/2027615.pdf
https://mb.cision.com/Public/11562/3762239/82c477e88da73583.pdf
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