Press releases

The derailment on Malmbanan is not expected to have a negative financial effect on Railcare. A train carrying iron ore derailed on Malmbanan near Vassijaure on Sunday 17 December. The derailment was extensive and is expected to lead to lengthy stoppages on the route, tentatively at the turn of the year. Railcare carries out transports

Railcare is a contractor for Trafikverket for snow removal on the railway during the winter season. From mid-November to mid-March, Railcare provides snow removal at strategically selected locations along the rail network using innovative snow removal machines, to effectively enable an accessible railway. – Practically, the contract means that Railcare has a number of snow

On 13-16 November, the railway exhibition AusRail takes place in Sydney, Australia. Railcare is there to monitor the railway industry, build networks and exchange experiences with both exhibitors and visitors. “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

One of Railcare’s strongest quarters ever. 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

In consultation with the largest shareholders, the Chairman of the Board of Railcare Group AB has established a Nomination Committee for the 2024 Annual General Meeting. The nomination committee consists of Anders Westermark, Chairman of the Board, Lina Ådin, appointed by TREAC AB, and Jonas Holmqvist, appointed by Nornan Invest AB. The nomination committee has

Railcare has won another five-year contract with the Swedish Transport Administration relating to standby locomotives worth a total of SEK 403 million, corresponding to just over SEK 80 million annually. The contract covers six locations, with the first assignment starting on 1 January 2025 and the final assignment starting on 1 January 2026. The contract

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

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

Railcare's transport operations continue to grow and in an agreement with Norwegian Trainpoint, five locomotives of the Effishunter 1000 model have now been leased. The locomotives have better environmental performance and an on-board system adapted to the new ERTMS* signaling system. The first four locomotives have now been approved by the Swedish Transport Agency and

The English version of Railcare Group AB’s Annual Report 2022 is now published on the company’s website: https://www.railcare.se/en/investors/reports-and-presentations/

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 sheets The Meeting resolved to adopt the income statement and the balance sheet for the company as

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

As a result of a growing organisation and confidence in the future, Railcare is making changes to its Group Management. The new Group Management comprises Mattias Remahl, CEO; Lisa Borgs, the new CFO; Johan Hansén, head of transport operations and Jonny Granlund, head of contracting operations and Machines and Technology.Railcare has performed well in recent

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

Railcare's Lokverkstad has been commissioned to Nordic-adapt five Traxx locomotives for the leasing company Beacon Rail. The project is worth approximately SEK 12 million and will be carried out during the first two quarters of 2023.The project involves an overall solution where Railcare will install the safety system, ATC2, and modify the locomotives for Nordic

LKAB Malmtrafik has renewed its contract with Railcare relating to iron ore transports which continues until 31-12-2023, with a one-year option. The value of the contract during 2023 is worth approximately SEK 40 million.- We have been hoping for renewed trust from LKAB, and it is very pleasing that we have now received it. In

Trafikverket utilises the option for the standby locomotive in Borlänge and extends the original three-year contract with Railcare for two more years, until 26-10-2025. The contract is worth a total of SEK 15 million.“We are pleased to have gained renewed trust from Trafikverket, and also proof that our transport operations are doing a good job”

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

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

Railcare Group adapts its organisation to optimise staff resources within the contracting business. This is made possible by bringing all machine operators together within Railcare Resources AB, where a new Operations Manager has been recruited, along with taking a partially new approach to operations in the UK. The organisational change means that costs corresponding to