Strong finish to successful year
During 2021/22,
Fourth quarter
- Net sales amounted to
SEK 3,384 million (2,860), an increase of 18.3 percent compared with the prior-year quarter, of which +12.5 percent was organic growth, +1.0 percent currency ef-fects and +4.8 percent acquisitions. -
EBITA amounted to
SEK 249 million (171). -
EBIT amounted to
SEK 118 million (156). -
Profit before tax amounted to
SEK 73 million (114). -
Profit after tax amounted to
SEK 56 million (111). -
Cash flow from operations was
SEK 537 million (611).
Full year
- Net sales amounted to
SEK 13,125 million (10,787), an increase of 21.7 percent, of which +17.2 percent was organic growth, +0.1 percent currency effects and +4.4 percent acquisi-tions. -
EBITA amounted to
SEK 1,247 million (757). -
EBIT amounted to
SEK 1,048 million (689). -
Profit before tax amounted to
SEK 876 million (534). -
Profit after tax amounted to
SEK 693 million (445). -
Cash flow from operations was
SEK 2,505 million (2,147).
Significant events
During the quarter
- On
24 January 2022 , Basalt declared its public offer unconditional, which meant the acquisi-tion could be completed. On 16 February, theNobina share was delisted from Nasdaq Stock-holm and an extraordinary general meeting on 22 February elected a new Board of Directors.
After the quarter
- As a result of a change of control and delisting,
Nobina will repurchase bonds for a total nominal amount ofSEK 660 million during the first quarter. - The Board of Directors proposes that no dividend be paid for the 2021/22 fiscal year.
Statement from the CEO
During 2021/22,
The sustained strong performance in the fourth quarter is linked to rising traveller volumes in our core business of public bus transport services. The largest contribution to the increase came from
The high fuel prices are due to the dramatic deterioration in the global situation and the major, both economic and human repercussions of
Growth in extra traffic and service traffic
At the beginning of the fiscal year, the pandemic had reduced travel on our buses to half of the volume we are used to. Since then, the trend has reversed and travel is again rising, even during the fourth quarter. This means that volumes have returned to more normal levels in several traffic areas. We are also still benefiting from the growth in extra traffic - mainly in replacement traffic in bus-for-rail services - where we have secured several new contracts in
During the fourth quarter, we also renewed and expanded contracts to operate service traffic in
Service traffic has generally had a major, positive impact and contributed to the strong earnings, again in the fourth quarter. During the year, we conducted extensive Covid-19 testing activities in
New sustainability initiatives
Work has also been underway to develop sustainability initiatives and we have taken a more proactive approach to diversity and inclusion at
In parallel, we are advancing our position in other areas in order to be more transparent in the work that we do. As of the first quarter of 2022/23, we will report every quarter on our position relative to our key sustainability targets, which cover such areas as traveller volumes, carbon dioxide emissions and the percentage of renewable fuel used by vehicles. We will also report the outcome of employee targets for equality and employee commitment.
I presented
New owners - continued development
Major news at the end of year was naturally that
Our new owner is Basalt (see definition on page 11). We look forward to working together with our new professional owner to further develop
Magnus Rosén,
President and CEO
For further information, please contact:
Mattias Gelinder, Group Treasurer & Head of IR
mattias.gelinder@nobina.com +46 72 967 02 61
david.erixon@nobina.se +46 72 967 02 84
https://news.cision.com/nobina-ab/r/nobina-year-end-report-1-december-2021-28-february-2022,c3541553
https://mb.cision.com/Main/1420/3541553/1560902.pdf
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