NOBINA AB INTERIM REPORT

Transcription

1 NOBINA AB INTERIM REPORT THIRD QUARTER (SEPTEMBER 1 NOVEMBER 30, 2010) FIRST NINE MONTHS OF THE YEAR (MARCH 1 NOVEMBER 30, 2010) SIGNIFICANT EVENTS DURING THE QUARTER SIGNIFICANT EVENTS SINCE THE END OF THE QUARTER CEO's comments

2 Key ratios The Group (SEK millions, unless otherwise stated) Sales Operating profit Earnings after finance net Earnings after tax Cash flow Cash and cash equivalents Equity ratio, % Shareholders' equity Shareholders' equity/ ordinary shares, SEK Number of buses Estimated full time positions Quarter Period Preceding full year Rolling 12m Sep Nov 10 Sep Nov 09 Mar Nov 10 Mar Nov 09 Mar 09 Feb 10 Dec 09 Nov 10 Development of the business Income statement (SEK millions) Net sales Operating profit Group Sep Nov 10 Sep Nov 09 Mar Nov 10 Mar Nov 09 Full year 09/10 Rolling 12m Income statement (SEK millions) Net sales Operating profit Regional traffic Sep Nov 10 Sep Nov 09 Mar Nov 10 Mar Nov 09 Full year 09/10 Rolling 12m Income statement (SEK millions) Net sales Operating profit Interregional traffic Sep Nov 10 Sep Nov 09 Mar Nov 10 Mar Nov 09 Full year 09/10 Rolling 12m FINANCIAL DEVELOPMENT 2

3 Explanation items for revenue and earnings growth (SEK millions) Period Mar-Nov 2009 Revenues Revenues and earnings EBIT Period Mar-Nov 2010 THE MARKET REGIONAL TRAFFIC BUSINESS AREA 3

4 Tender situation per country, nine months (In number of buses unless otherwise stated) Procurements during the period Submitted Won Lost Number in traffic Traffic during the period Started Ended INTERREGIONAL TRAFFIC BUSINESS AREA Trend interregional traffic (Swebus) Quarter Period Preceding Full Year Rolling 12m Sep Nov 10 Sep Nov 09 Mar-Nov 10 Mar Nov 09 Mar09 Feb10 Dec09 Nov10 Sales THIRD QUARTER (SEP 1 - NOV 31, 2010) FIRST NINE MONTHS (MARCH 1 NOV 30, 2010) 4

5 Revenues (SEK millions) Quarter Period Preceding full year Rolling 12 months Sep-Nov 10 Sep-Nov 09 Mar-Nov 10 Mar-Nov 09 Mar09 Feb10 Dec09 Nov10 Earnings THIRD QUARTER (SEP 1 NOV 30, 2010) FIRST NINE MONTHS (MARCH 1 NOV 30, 2010) 5

6 Operating profit per segment Operating profit (SEK millions) Quarter Period Preceding full year Rolling 12 months Sep Nov 10 Sep Nov 09 Mar Nov 10 Mar Nov 09 Mar09 Feb10 Dec09 Nov10 Financial position Investments Cash flow Taxes 6

7 Personnel Significant events during the quarter Significant events since the end of the quarter Parent company Transactions with closely related parties Seasonal variations Risks and uncertainty factors 7

8 Accounting principles Other Telephone conference 8

9 Assurance Stockholm, December 21, 2010 Ragnar Norbäck President and CEO Future reports Unaudited earnings figures March - February April 27, 2011 Annual General Meeting May 23, 2011 Contacts For further information please contact: Ragnar Norbäck, President and CEO Per Skärgård, CFO Ingrid Håkanson, IR manager Nobina AB Armévägen 38, Solna, Sweden Reg. no

10 Consolidated income statement in brief SEK millions, unless otherwise stated Preceding Quarter Period full year Sep Nov 10 Sep Nov 09 Mar Nov 10 Mar Nov 09 Mar 09 Feb 10 1,715 1,664 5,026 4,673 6, , , , ,561-2,409 3, Consolidated statement of comprehensive income SEK millions, unless otherwise stated Preceding Quarter Period full year Sep Nov 10 Sep Nov 09 Mar Nov 10 Mar Nov 09 Mar 09 Feb 10 10

11 Consolidated balance sheet in summary SEK millions Period Preceding full year Nov 30, 2010 Nov 30, Feb, 2010 ASSETS , , ,428 5, ,048 2, , ,459 4,858 5,025 11

12 Consolidated statement of changes in equity SEK millions, unless otherwise stated Share capital Other contributed capital Translation differences Losses carried forward Total equity 12

13 Consolidated cash flow statement SEK millions, unless otherwise stated Preceding Quarter Period full year Sep Nov 10 Sep Nov 09 Mar Nov 10 Mar Nov 09 Mar 09 Feb 10 Cash flow from operations

14 Parent company's income statement in brief SEK millions, unless otherwise stated Quarter Period Preceding full year Sep Nov 10 Sep Nov 09 Mar Nov 10 Mar Nov 09 Mar 09 Feb Parent company's balance sheet in brief Period Preceding full year SEK millions, unless otherwise stated Nov 30, 2010 Nov 30, 2009 Feb 28,

15 Parent company's change in equity SEK millions, unless otherwise stated Share capital Statutory reserve Share premium reserve Retained earnings Earnings for the period Total equity Note 1. Segment reporting SEK millions, unless otherwise stated Quarter Period Preceding Full year Sep Nov 10 Sep Nov 09 Mar Nov 10 Mar Nov 09 Mar 09 Feb 10 Revenues per business area Nobina Sweden 1,148 Nobina Denmark 86 Nobina Norway 207 Nobina Finland 193 1, , ,135 4, Total regional traffic 1,634 1,588 4,410 5,964 Swebus Total interregional traffic Elimination of sales between segments Total revenues 1,715 1,664 5,026 4,673 6,308 SEK millions, unless otherwise stated Quarter Period Preceding Full year Sep Nov 10 Sep Nov 09 Mar Nov 10 Mar Nov 09 Mar 09 Feb 10 Operating profit per business area Nobina Sweden Nobina Denmark Nobina Norway Nobina Finland Total regional traffic Swebus Total interregional traffic Head office items and other items Total operating profit

16 Note 2. Financing SEK millions, unless otherwise stated Quarter Period Preceding Full year Sep Nov 10 Sep Nov 09 Mar Nov 10 Mars-Nov 09 Mar 09 Feb 10 Operational leasing, Buses Nominal value of future payments - Buses Present value of future payments - Buses Number of operationally leased buses Reported operational leasing expense Interest-bearing long-term liabilities Senior Notes Financial leasing liability Capitalized financing fees Total Less current part Total long-term liabilities Interest expenses and similar profit/loss items Interest expenses, financial leasing Interest expenses, Senior Notes Other financial expenses Realized and non-realized exchange rate profits Total Earnings per share Quarter Period Preceding Full year Sep Nov 10 Sep Nov 09 Mar Nov 10 Mar Nov 09 Mar09 Feb10 Average number of ordinary shares during the period Reported earnings Dividend on preference shares Adjusted earnings Earnings per share 16

17 Key ratio information Key ratios, most recent eight quarters Key ratios, the Group in SEK millions, unless otherwise stated 2008/ / /2011 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Sales regional traffic interregional traffic Operating profit regional traffic interregional traffic Earnings after financial Earnings after tax Cash flow Cash and cash equivalents Equity ratio, % Equity Equity/ordinary share, SEK Number of buses Estimated full-time -2,7-1,7 2,9 3,3 2,8 2,7 3,5 4, ,60-3,59 1,74 2,11 15,69 5,57 6,98 8, positions Revenues, rolling twelve months, five years 17

18 Operating profit, rolling twelve months, four years 1 Earnings, rolling twelve months, four years 1 Breakdown of revenues and earnings by segment, nine months 1 Excluding one-offs and non-recurring 18

19 Tender results, number of buses, nine months Historical tender overview Planned, newly started traffic, coming 12 months Tender outcome per country, coming 12 months Sverige PTA Planned, newly started traffic, Jan 10 Nov 11 Contract type Number of years Traffic start Number of buses Value (SEK millions) VLT Västerbotten Regional traffic 1 January, Skånetrafiken City traffic 8 (2) March, ,752 Västtrafik Regional traffic 8 (2) June, Västtrafik Express 8 (2) June, Östgötatrafiken Regional traffic 5 June, Upplands Regional lokaltrafik traffic 1 (1) June, Storstockholms Regional lokaltrafik traffic 8 (2) June, ,540 Skånetrafiken Regional traffic 1 October, Finland HSL City traffic 5 (1+1+1) January, HSL City traffic 5 (1+1+1) January, HSL City traffic 1 August, Total regional traffic 476 5,357 19

20 Definitions 20