Press releases

With increasing extreme weather, drainage is becoming critical to the stability of the railway. In recent years, Railcare has seen an increased demand for drainage and assessments for culverts and trenches, for example. Marcus Näslund, Project Manager at Trafikverket, has noticed that the facilities are exposed to more stress. ‘We have seen that drainage of the

Railcare has entered into an agreement to acquire Y-ettan AB, the company that owns the property where Railcare currently operates its locomotive workshop in Långsele. The acquisition is part of Railcare's long-term strategy to develop the locomotive workshop in Långsele to meet the high demand in the market. ‘The locomotive workshop has experienced strong growth

Railcare's CEO Mattias Remahl presents the interim report for January-September 2024. Watch the presentation here. For further information contact:Hanna Hedlund, IR and CommunicationTelephone: +46 70 658 38 09E-mail: hanna.hedlund@railcare.se About Railcare GroupThe 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

Net sales remain high, while margin decreases THIRD QUARTERConsolidated net sales increased by 6.2 percent to SEK 169.1 million (159.2).Operating profit (EBIT) decreased to SEK 19.0 million (26.8).Earnings per share before and after dilution amounted to SEK 0.51 (0.78).FIRST NINE MONTHS OF THE YEARConsolidated net sales increased by 15.3 percent to SEK 478.3 million (414.9).Operating

LKAB Malmtrafik has signed a 5-year agreement with Railcare relating to transport of iron ore for the period 2025 to 2029. The agreement is worth an estimated SEK 70 million annually, totalling SEK 350 million. The agreement also includes an option for LKAB to extend the assignment for a further three years after the end

Johan Elveros has been appointed as new CFO of Railcare Group AB. He will take up the position of CFO and join Group management in January 2025. Johan joins Railcare from the Boliden Group, where he served as Department Manager of Mines Controlling. Johan has held range of senior positions with Boliden over the past

Railcare is strengthening the organisation ahead of its growth journey by recruiting a new CFO for the company. At the same time, the Group Management team is being expanded to include a Safety Manager and a HR Manager. “At the beginning of the year, Railcare adopted new financial targets, and we see continued strong growth

Record sales SECOND QUARTERConsolidated net sales increased by 24.3 percent to SEK 179.8 million (144.7).Operating profit (EBIT) increased to SEK 15.8 million (14.9).Earnings per share before and after dilution amounted to SEK 0.41 (0.41).FIRST SIX MONTHS OF THE YEARConsolidated net sales increased by 20.9 percent to SEK 309.2 million (255.7).Operating profit (EBIT) increased to SEK

Today, 24 July, 2024, the Extraordinary 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. Resolution regarding approval of related party transactionThe Related Party Transaction consists of Railcare Group AB (the “Company”) entering into an agreement to acquire 4,000

The shareholders of Railcare Group AB, reg. no. 556730-7813, (“Railcare Group” or the “Company”) are hereby given notice to attend the Extraordinary General Meeting to be held at 10:00 a.m. CEST, Wednesday 24 July 2024 at the Company’s head office, Näsuddsvägen 10 in Skelleftehamn, Sweden. Registration for the Meeting commences at 9:30 a.m. CEST. NOTICE

Railcare Group AB (publ) has entered into an agreement to acquire 4,000 shares, corresponding to 40 per cent of the shares, in the newly started locomotive leasing company AC Finance AB. The purchase price amounts to SEK 400,000. In connection with the acquisition, Railcare enters into a loan agreement together with the existing owners of

Railcare is carrying out a major project on behalf of Trafikverket on the Västerås-Ålsäng and Kolbäck-Eskilstuna routes. Within the project, ballast replacement will be carried out on a total of 24 bridges and 18 switches, where Railcare performs the work with its self-developed machines and dedicated staff. – Thanks to the framework agreement, we have

Today, 8 May, 2024, 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

Challenging weather affects profit FIRST QUARTER· Consolidated net sales increased by 16.6 percent to SEK 129.4 million (111.0).· Operating profit (EBIT) increased to SEK 13.8 million (13.1).· Earnings per share before and after dilution amounted to SEK 0.37 (0.36). SIGNIFICANT EVENTS IN THE FIRST QUARTER· Railcare increases its financial targets for the period until 2027. The

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, Wednesday 8 May 2024 at the Company’s head office, Näsuddsvägen 10 in Skelleftehamn, Sweden. Registration for the Meeting commences at 10:15 CEST. NOTICE OF PARTICIPATIONShareholders

Railcare has started test-driving the next-generation battery-powered maintenance machine for the railway. In recent weeks, Railcare has been visited by ABB Traction Switzerland for the first test drive phase of the further developed MPV (Multi-Purpose Vehicle). A machine with both working and charging ability via the overhead line system. "In this phase, we have completed several

The Board of Directors of Railcare Group AB has adopted new financial targets for the period up until the end of 2027. The new targets are sales of SEK 1,000 million and operating margin of 13 percent. The new targets represent a change from the previous targets of sales of SEK 800 million and 10

Increased net sales and operating profit Fourth quarter· Consolidated net sales increased by 16.6 percent to SEK 149.3 million (128.0).· Operating profit (EBIT) increased to SEK 13.2 million (6.7).· Earnings per share before and after dilution amounted to SEK 0.25 (0.14). Full year 2023, January-December· Consolidated net sales increased by 13.5 percent to SEK 564.2 million

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

On behalf of the locomotive rental company Nordic Re-Finance, Railcare is working to upgrade and adapt a total of 28 locomotives to be rented out to the Scandinavian market. The projects will be undertaken during the period 2022-2024.- We are very happy about the trust we have received, and the close collaboration we have with

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

In consultation with the largest shareholders, the Chairman of the Board of Railcare Group AB has established a Nomination Committee for the 2023 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 Norra Västerbotten Fastighets AB. The nomination committee

In northern Sweden, a new green industry is being formed, and the railway is a central part of climate-smart and efficient transport. There is also a general increase in demand for both freight and passenger transport, which puts the focus on railway maintenance. Several of the projects in Trafikverket's maintenance plan for 2021-2024 can now

Strong second quarter with high volumes in both the Contracting Sweden and 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

Railcare has signed a new 2-years framework agreement with Network Rail. Network Rail has overall responsibility for the construction and maintenance of large parts of the UK rail network.The new framework agreement is essentially the same as before. All of Network Rails’ departments and five geographical regions can use the framework contract and generate continuous

To be presented at the world's largest exhibition for machinery and maintenance technology on the railway.Railcare Group AB is presenting the world's first and largest battery-powered maintenance machine on the railway, Multi-Purpose Vehicle (MPV), at the IAF trade exhibition in Münster, which takes place from 31 May to 2 June. IAF Münster is the railway

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

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

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

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

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

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

Record sales and continued high utilisation in transport operations Fourth 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

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

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

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

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

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

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

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

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

Postponed projects and lower construction volumes, new innovation MPV now operational with customerSecond quarter Consolidated net sales decreased by 13.5 percent to SEK 91.1 million (105.3). Operating profit (EBIT) decreased to SEK -2.5 million (14.3). Earnings per share after dilution amounted to SEK -0.12 (0.41). First six months of the year Consolidated net sales decreased

As the world opens up after the pandemic, we can now begin to respond to the requests that have come from Asia, among other places. In addition, fulfill a more targeted investment in our second home market, the United Kingdom, and create new opportunities for establishments in other European countries. Daniel Öholm, current CEO, will

Asia is a large market and Railcare is now ready to take the step into a new market consisting of many railways, including subway and mining tracks. With our modern, sustainable, and efficient machines together with our home markets as our foundation, this strategic investment is the next step in Railcare's company development. Currently, Railcare

Today, May 5, 2021, 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.Distribution of results The annual general meeting resolved to dispose of the company's profits for the 2020 fiscal year in accordance with the board's proposal.

Stable quarter with many orders aheadFirst quarter Consolidated net sales decreased by 16.1 per cent to SEK 88.9 million (106.0). Operating profit (EBIT) decreased to SEK 8.7 million (17.4). Earnings per share after dilution amounted to SEK 0.26 (0.54). Significant events in the first quarter During the quarter, Railcare signed numerous contracts for its transport operations ahead of the 2021 summer season,

Railcare has received an order for 6 million SEK from Loram for machine parts, namely power packs for a Railvac in Brazil for delivery in November 2021. Loram is a North American railway company with which Railcare has had a business relationship since 2000. “In 2021, we have two deliveries to Loram for machine parts

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 5 May 2021 at the Company’s head office, Näsuddsvägen 10 in   Skelleftehamn, Sweden. Registration for the meeting commences at 12:15 CEST. NOTICE OF

Railcare Group AB (publ)’s election committee proposes that the Annual General Meeting re-elect the current members of the board of directors Catharina Elmsäter-Svärd, who is also proposed to be re-elected as chairman of the board, Ulf Marklund, Anna Weiner Jiffer, Adam Ådin, Anders Westermark, and Björn Östlund. In addition, the election committee proposes that the

Record year in terms of sales and profitFourth quarter Consolidated net sales increased by 2.2 per cent to SEK 95.6 million (93.5). Operating profit (EBIT) increased by SEK 12.8 million to SEK 14.3 million (1.5). Earnings per share after dilution amounted to SEK 0.47 (0.01). Full-year 2020, January – December 2020 Consolidated net sales increased by 8.3 per cent to SEK 401.3 million (370.6).

Railcare has signed a two-year agreement with Trafikverket with a further option year for three years. The order value is SEK 40.2 million per year. The agreement came into effect on 15 November 2020 and the number of machine units in the agreement is the same as previous agreements. The snow removal contract applies to

The railway specialist Railcare signs a ten-year contract with the mining company Kaunis Iron AB worth SEK 740 million. The contract will take effect from 16 November 2021 to 16 November 2031 and will replace the previous contract from 2018. The previous contract will continue to apply until 15 November 2021. Up until 31 October

Positive quarter brought innovation for the futureThird quarter Consolidated net sales decreased by 6.5 per cent to SEK 94.5 million (101.0). Operating profit (EBIT) decreased by SEK 2.4 million to SEK 14.4 million (16.8). Earnings per share after dilution amounted to SEK 0.40 (0.50). First nine months of the year Consolidated net sales increased by 10.3 per cent to SEK 305.7 million (277.1). Operating profit (EBIT) increased by

Railcare Group AB announces today that Mattias Remahl will be the new CFO and Vice President replacing the position currently held by CFO Mikael Forsfjäll and Vice President Ulf Marklund. Mattias Remahl's position is a new combination position at Railcare as both CFO and Vice President. Mattias Remahl will take over as CFO from 19

In consultation with the largest shareholders, the Chairman of the Board of Railcare Group AB has established a Nomination Committee for the 2021 Annual General Meeting. The nomination committee consists of Åke Elveros, appointed by Norra Västerbotten Fastighets AB, Lina Ådin, appointed by TREAC AB, and Kjell Lindskog, appointed by the Marklund and Dahlqvist family.

Railway specialist Railcare presented its new innovation the MPV (Multi-Purpose Vehicle). The new maintenance machine is equipped with self-propelled vacuum pumps, hydraulics, and control cabins enabling the vehicle to be used as a complement to Railcare's vacuum excavator, snow melter, and function as a towing vehicle for, for example, ballast wagons during track work. What

Strong first six months with stable order backlog looking ahead and railways in focusSecond quarter Consolidated net sales increased by 15.5 per cent to SEK 105.3 million (91.2). Operating profit (EBIT) increased by SEK 10.9 million to SEK 14.3 million (3.4). Earnings per share after dilution amounted to SEK 0.41 (0.05). First six months of the year Consolidated net sales increased by 20.0 per cent to

Railcare has signed an agreement with LKAB Malmtrafik for the transport of iron ore worth approximately SEK 7.8 million over three months starting tomorrow, June 12, 2020. Transport will start with one transportation per day and thereafter it will be increased to two per day with a total of 6400 tonnes of iron ore per

The Swedish state decided to reduce the employer's contribution during the period March to June 2020 as a support to companies during the ongoing Covid-19 pandemic. Railcare is not dependent on the reduced employers' fees even if the reduction is welcomed. Railcare, therefore, decided to use these funds to, among other things, help healthcare and

Network Rail has overall responsibility for the construction and maintenance of large parts of the UK rail network. Network Rail has signed a new framework contract with Railcare, which is valid from 8th May 2020 to 8th May 2021. All of Network Rails' departments and five geographical regions can use the framework contract and generate

Today, May 6, 2020, 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.Distribution of results The annual general meeting resolved to dispose of the company's profits for the 2019 fiscal year in accordance with the board's proposal.

Railways provide for societyFirst quarter Consolidated net sales increased by 24.8 per cent to SEK 106.0 million (84.9). Operating profit (EBIT) increased by SEK 7.0 million to SEK 17.4 million (10.4). Earnings per share after dilution amounted to SEK 0.54 (0.31). Significant events in the first quarter In Railcare has not suffered any project cancellations

A Swedish version of Railcare Group AB's Annual Report for 2019 is now available on the company's website, www.railcare.se. The Annual Report can also be ordered from Railcare Group AB, Investor Relations, Näsuddsvägen 10, P.O. 34, SE-932 21 Skelleftehamn, Sweden, phone: +46 910 43 88 00 or via ir@railcare.se.   For further information, please contact:

The shareholders of Railcare Group AB (publ), reg. no. 556730-7813, are hereby given notice to attend the annual general meeting to be held at 13:00 CEST, Wednesday 6 May 2020 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

The rail specialist Railcare has signed a three-year contract for recovering railway vehicles in Borlänge, Sweden, for approximately SEK 22 million. The customer is Trafikverket, The Swedish Transport Administration, and the contract is for three years with two option years, this will take effect on 26 October 2020. Railcare will provide a standby locomotive together with

Railcare Group AB (publ)’s election committee proposes that the Annual General Meeting re-elect the current members of the board of directors Catharina Elmsäter-Svärd, who is also proposed to be re-elected as chairman of the board, Ulf Marklund, Anna Weiner Jiffer, Adam Ådin, Anders Westermark and Björn Östlund. In addition, the election committee propose that the

A year of strong growth in sales and earnings. A quarter with good growth, but lower margin.Fourth quarter1 Consolidated net sales increased by 18.9 per cent to SEK 93.5 million (78.7). Operating profit (EBIT) decreased by SEK 0.7 million to SEK 1.5 million (2.2). Earnings per share after dilution amounted to SEK 0.01 (0.02). Full-year 2019, January – December 20191 Consolidated net sales

Norrlandsfonden has requested conversion of the second half of its convertible debenture. The debenture certificate was original SEK 10 million, and SEK 5 million has been converted according to the agreed price, SEK 4.50 per share, to 1 111 111 shares. The share increase is registered with the Swedish Companies Registration Office on 30 January

Railcare Group AB (publ) has signed an agreement to acquire the electricity company Elpro in Skellefteå AB, the total purchase price is SEK 4.1 million. The transaction is financed by own funds and will come into effect on 3 February 2020.Elpro i Skellefteå AB has a long experience in design, programming, and assembly. The company

Strong earnings and continued high sales growth in the third quarterThird quarter1 Consolidated net sales increased by 62.1 per cent to SEK 101.0 million (62.3). Operating profit (EBIT) increased by SEK 21.4 million to SEK 16.8 million (loss 4.6). Earnings per share after dilution amounted to SEK 0.50 (loss 0.21). First nine months of the year1 Consolidated net sales increased by 44.7 per cent to SEK 277.1 million

In consultation with the largest shareholders, the Chairman of the Board of Railcare Group AB has established a Nomination Committee for the 2020 Annual General Meeting. The nomination committee consists of Åke Elveros, appointed by Norra Västerbotten Fastigheter's AB, Per-Martin Holmgren, appointed by TREAC AB, and Kjell Lindskog, appointed by the Marklund & Dahlqvist family.

Strong sales growth during the second quarterSecond quarter[1]  Consolidated net sales increased by 45.4 per cent to SEK 91.2 million (62.7).    Operating profit (EBIT) increased by SEK 4.5 million to SEK 3.4 million (loss 1.0).   Earnings per share after dilution amounted to SEK 0.05 (loss 0.01).   First six months of the year[1]   Consolidated

Today, May 8, 2019, 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.Distribution of results (item 9b) The annual general meeting resolved to dispose of the company's results in accordance with the board of director's proposal in

A positive start to 2019First quarter[1]  Consolidated net sales increased by 27.7 per cent to SEK 84.9 million (66.5).   Operating profit (EBIT) increased by SEK 5.4 million to SEK 10.4 million (5.0).  Earnings per share after dilution amounted to SEK 0.31 (0.13). Significant events in the first quarter Railcare has received an order to build

A Swedish version of Railcare Group AB's Annual Report for 2018 is now available on the company's website, www.railcare.se. The Annual Report can also be ordered from Railcare Group AB, Investor Relations, Näsuddsvägen 10, P.O. 34, SE-932 21 Skelleftehamn, Sweden, phone: +46 910 43 88 00 or via ir@railcare.se. For further information contact: Daniel Öholm,

Network Rail has overall responsibility for the construction and maintenance of large parts of the UK rail network. Network Rail has extended the current framework contract with Railcare, the extension is valid from 1stApril 2019 to 31stMarch 2020. All of Network Rails' departments and its eight geographical routes can use the framework agreement and generate

Railcare Group AB (publ)’s election committee proposes that the Annual General Meeting re-elect the current members of the board of directors Catharina Elmsäter-Svärd, who is also proposed to be re-elected as chairman of the board, Ulf Marklund, Anna Weiner Jiffer, Adam Ådin and Anders Westermark and to newly elect Björn Östlund. In addition, the election

Increased demand from key customers during the fourth quarter of the year. The year weaker than expected.Fourth quarter  Consolidated net sales decreased by 9.4 per cent to SEK 78.7 million (86.9).  Operating profit (EBIT) decreased by SEK 5.2 million to SEK 2.2 million (7.4).  Earnings per share after dilution amounted to SEK 0.02 (0.20). Full-year

Rail specialist Railcare plans to manufacture a zero-emission battery-powered MPV, Multi-Purpose Vehicle, which is a vehicle with a diverse range of applications for rail maintenance. The vehicle is self-propelled and equipped with vacuum pumps, hydraulics, and control cabins so that the vehicle can be used as a battery-powered addition to Railcare’s vacuum excavator, snow melter

Railcare have signed a framework agreement with Trafikverket with regards to the track work required throughout Sweden. The agreement period is for two years with an option to extend for another two. The framework agreement is strategically important for Railcare as the company can optimise the utilisation of its Railvac machines throughout planned customer projects

Railcare has received an order to build a new generation of generator wagons for the railway contracting company Infranord. The order value amounts to approximately MSEK 30 and consists of 5 wagons, designed together with Infranord. "We are excited about this collaboration with Infranord, they have the confidence in Railcare to build generator wagons that

In accordance with the information in Railcare's interim report for the third quarter of 2018, Norrlandsfonden has requested conversion of half of its convertible debentures. The debenture certificate is SEK 10 million, and SEK 5 million has been converted according to the agreed price, SEK 4.50 per share, to 1 111 111 shares. The share

Trafikverket has decided to use the option in the contract to extend the two snow removal contracts that Railcare AB have with Trafikverket. The order value is approximately MSEK 48 during the period and relates to the work carried out until 01-05-2020. The machines involved in the snow removal contract are designed for efficient and

Weak demand and start-up costs affected the quarter negativelyThird quarter  Consolidated net sales decreased by 14.5 per cent to SEK 62.3 million (72.9).  The operating loss (EBIT) increased by SEK 11.6 million to SEK 4.6 million (profit 7.0).  Earnings per share after dilution were negative in the amount of SEK 0.21 (positive 0.18). First nine