The third quarter in brief:
- Consolidated net income during the period added up to EUR 170 million (162) and the operating income was EUR 7.8 million (5.3).
- 94 percent of freight trains reached customers within the scheduled hour, which is 2 percentage points higher than the rolling average of the last 12 months.
- Green Cargo Logistics signed a Letter of Intent with Apotek Hjärtat [Pharmacy Heart] concerning logistics for Apotek Hjärtat's 270 pharmacies in Sweden. With new contracts during the quarter for Nespresso and Whirlpool, Green Cargo Logistics is reaching 95percent capacity of our 260,000 square metre of storage space.
- In total, the corporation signed new contracts and wrote Letters of Intent worth approximately 81 million euros, including a 7-year contract with Dannemora Mineral.
Consolidated income during the year's first three quarters added up to EUR 525 million (491) and consolidated accumulated operating income added up to EUR 11 million (-4.2). Income after financial items added up to EUR 4.9 million (-3.1) for the period of January - September. Both traffic safety and punctuality are a strong positive and long-term trend.
"With a strong focus on safety and quality regardless of the economic situation, we have made a strong comeback after two difficult winters. Our employees’ safety- and quality-awareness combined with our resources are real assets when we meet prospective customers," says Green Cargo's CEO, Mikael Stöhr.
The biggest contract of the quarter was signed with Dannemora Mineral regarding ore shipments from mines in Dannemora to the port in Hargshamn. The contract is for 7 years with an option for another 5 years.
“We won the assignment in competition with other operators and this deal is important to us. It shows that our resources, together with a reliable product solution, are what ensure the customer's core business. This forms the basis for a long-term cooperation with us as a logistic partner and gives us the opportunity to invest in the future.”
Mikael Stöhr points out that rising profits and new business does not reduce the seriousness of the economic situation in the outside world.
“Since the summer, cargo volumes have dropped by 10 percent and we are monitoring developments very carefully, in close and open contact with clients in various industries, so that we are able to adapt quickly to changing conditions,” says Mikael Stöhr.
Contacts:
Mikael Stöhr, CEO, tel +46 (0)70 – 662 55 53
Mats Hollander, Director of Communication, tel +46 (0)70 762 46 14
