Nobina AB: Nobina Wins Bus Traffic Contract Valued at SEK 400 Million

STOCKHOLM--()--Regulatory News:

Nobina AB (STO:NOBINA)

Nobina has won a tender to operate regional traffic in Lund Väster. The new contract will start on 10 December 2017 and extend over four years. The total value is estimated at SEK 400 million over the contract period.

The decision from Skånetrafiken means that Nobina is expanding its already large operations in Skåne.

“We are pleased by Skånetrafiken’s confidence in Nobina to expand our operations in Lund. And we are extra pleased with the high quality assessment awarded to us by Skånetrafiken. Together with Skånetrafiken, we look forward to welcoming more, and more satisfied, customers to public transport,” says Ragnar Norbäck, President and CEO of Nobina.

The new contract covers 45 buses characterised by clear environmental goals, in which all vehicles will run on renewable fuel. Nobina will take over the existing bus fleet, of which 13 buses will be reallocated to other traffic areas. Nobina will also invest in 12 new buses ahead of traffic start. The new buses will be run on HVO, a fossil-free fuel for diesel motors.

The award decision is appealable not later than 4 July 2016.

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 11.00 a.m. CET on 22 June 2016.

About Nobina

Nobina is the largest and most experienced public bus transport service provider in the Nordic region. 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. The Company has net sales of SEK 8.3 billion, has approximately 10,000 employees and is headquartered in Stockholm. For more information, visit: www.nobina.com.

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Contacts

Nobina AB
Ingrid Håkanson
Head of Investor Relations
telephone +46 (0)8-410 650 51
or
Nobina Sverige AB
Maryam Yazdanfar
Head of Public Affairs and Communications
telephone +46 (0)70-187 2842

Contacts

Nobina AB
Ingrid Håkanson
Head of Investor Relations
telephone +46 (0)8-410 650 51
or
Nobina Sverige AB
Maryam Yazdanfar
Head of Public Affairs and Communications
telephone +46 (0)70-187 2842