STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
Nobina AB (STO:NOBINA)
In a tender process in Finland, Nobina has won contracts to operate urban and regional traffic in Esbo and Helsinki on behalf of HSL, the Helsinki region PTA. The new contracts commence on 15 August 2016 and extend over a period of seven years, with the possibility of a three-year extension. The total value over the seven-year period is estimated at almost SEK 1,4 billion.
The decision of the Helsinki region PTA means that Nobina’s successful work is continuing.
“It is positive that HSL has given us a renewed vote of confidence to operate public transport. I am pleased with our continued market leading position in the capital region of Finland”, says Ragnar Norbäck, President and CEO of Nobina.
The new contracts cover 94 buses. Nobina will invest in 41 new buses, all of which have Euro 6-engines and some of which are lightweight buses with lower emissions and fuel consumption. Under the contracts, there is a possibility to increase compensation through a high customer satisfaction level during the contract period.
“We are pleased with the result, which strengthens Nobina Finland’s possibilities to further improve public transport and the customer satisfaction rate in the HSL area. We look forward to also in the future, together with HSL, welcoming more, and more satisfied, customers to public transport”, says Tom Ward, head of Nobina Finland.
The award decision can be appealed not later than 29 December 2015.
Nobina is the largest and most experienced public bus transport service provider in the Nordic region. The Company’s expertise in prospecting, tendering and active management of public bus transport contracts in combination with long-term delivery quality makes Nobina an industry leader in terms of profitability, development and initiatives that promote a healthier industry. Every day, Nobina ensures that more than one million people arrive at work, school or other activities by delivering contracted public bus transport services in Sweden, Norway, Finland and Denmark. In addition, Nobina offers express bus services under the Swebus brand in the Swedish market. The Company has approximately 7,600 full-time equivalent employees and is headquartered in Stockholm. For more information, visit: www.nobina.com.
Nobina AB (publ) discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 12.00 p.m. CET on 8 December 2015.
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