One of
Third quarter
- Consolidated net sales increased by 8.7 percent to
SEK 159.2 million (146.5). -
Operating profit (EBIT) increased to
SEK 26.8 million (23.9). -
Earnings per share before and after dilution amounted to
SEK 0.78 (0.74).
First nine months of the year
- Consolidated net sales increased by 12.4 percent to
SEK 414.9 million (369.0). -
Operating profit (EBIT) increased to
SEK 54.8 million (45.7). -
Earnings per share before and after dilution amounted to
SEK 1.56 (1.39).
Significant events in the third quarter
LKAB utilized its option to extend the transport agreement to encompass the full year 2024. The agreement is worth approximatelySEK 70 million .
Significant events after the end of the quarter
Railcare was awarded another five-year contract for standby locomotives worth a total ofSEK 403 million , corresponding toSEK 80 million annually. The work will begin in 2025.
CEO's comments
Net sales in the third quarter were
"We are presenting one of the strongest quarters ever for the Group, with record sales and robust operating profit, despite challenging sector conditions and high inflation. Transport operations, the locomotive workshop in Långsele and the contracting operations in
The strong profit in the third quarter shows that we have successfully managed a period of high inflation and the ongoing sector challenges. Capacity utilisation was high in the construction and lining operations in
Volumes for contract transports were down compared to the previous year, offset by index-linked increases for longer contracts. The locomotive workshop in Långsele experienced very high capacity utilisation and work completed included the upgrade and installation of onboard equipment in five Traxx locomotives on behalf of Beacon Rail in the quarter. Volumes in the
Increased focus on efficient maintenance resembles Formula 1 pit stop
There have also been some positive developments in the sector. The meeting with the Swedish Minister for Infrastructure
During the meeting with the Minister for Infrastructure, I drew the comparison with a Formula 1 pit stop, saying that "all the wheels need to be replaced in one go". What I meant is that maintenance needs to become much more efficient than is the case today. This means developing new machinery and methods, but also improving the planning of maintenance work. With
Green transport a pre-condition for a sustainable society
A well-functioning railway is critical to the transition to a sustainable society. Virtually all major green industrial establishments expected over the coming years will require green transport, and the volume of transport required is extensive.
Our current transport operations work closely with
Strengthened market position
At the end of October, the
The locomotive workshop in Långsele has grown sharply in recent years to become an in-demand provider of locomotive maintenance and upgrades, such as the installation of onboard systems and conversions of locomotives to improve environmental performance and extend lifespan. The services we offer in the locomotive workshop are necessary for the introduction of a new signalling system, and for achieving the
Our ambition is to continue to drive sector progress with our committed, responsible and solutions-oriented employees, who are our most important asset. I am proud of what we are achieving together!
This is information 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-september-2023,c3871935
https://mb.cision.com/Main/11562/3871935/2417777.pdf
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