Press releases

Railcare’s Locomotive Workshop, which carries out maintenance and rebuilding of rail vehicles, has reached an important milestone by being certified according to ISO 9001, which confirms that the company’s quality management system meets internationally recognised standards.

Railcare is appointing two new positions to support the company’s operations on its growth journey. Firstly, with a newly appointed HR Manager position, and secondly, a new Head of IR, Communication and Sustainability. The Group Management team will also change from the beginning of 2025.

In consultation with the largest shareholders, the Chairman of the Board of Railcare Group AB has established a Nomination Committee for the 2025 Annual General Meeting. The Nomination Committee consists of Anders Westermark, Chairman of the Board and Jonas Holmqvist, appointed by Nornan Invest AB. The Nomination Committee has appointed Jonas Holmqvist as its chairman. The Nomination Committee’s members together represent 29,9 per cent (30 September 2024) of the total number of shares and votes in the company.

Railcare’s locomotive workshop in Långsele has started a collaboration with Grenland Rail to upgrade eight of the classic 1144 locomotives, formerly in service with the Austrian ÖBB, for use in freight traffic in both Sweden and Norway.

With increasing extreme weather, drainage is becoming critical to the stability of the railway. In recent years, Railcare has seen an increased demand for drainage and assessments for culverts and trenches, for example.

Railcare has entered into an agreement to acquire Y-ettan AB, the company that owns the property where Railcare currently operates its locomotive workshop in Långsele. The acquisition is part of Railcare’s long-term strategy to develop the locomotive workshop in Långsele to meet the high demand in the market.

Railcare’s CEO Mattias Remahl presents the interim report for January-September 2024.

Net sales remain high, while margin decreases THIRD QUARTERConsolidated net sales increased by 6.2 percent to SEK 169.1 million (159.2).Operating profit (EBIT) decreased to SEK 19.0 million (26.8).Earnings per share before and after dilution amounted to SEK 0.51 (0.78).FIRST NINE MONTHS OF THE YEARConsolidated net sales increased by 15.3 percent to SEK 478.3 million (414.9).Operating

LKAB Malmtrafik has signed a 5-year agreement with Railcare relating to transport of iron ore for the period 2025 to 2029. The agreement is worth an estimated SEK 70 million annually, totalling SEK 350 million. The agreement also includes an option for LKAB to extend the assignment for a further three years after the end

Johan Elveros has been appointed as new CFO of Railcare Group AB. He will take up the position of CFO and join Group management in January 2025. Johan joins Railcare from the Boliden Group, where he served as Department Manager of Mines Controlling. Johan has held range of senior positions with Boliden over the past

Railcare is strengthening the organisation ahead of its growth journey by recruiting a new CFO for the company. At the same time, the Group Management team is being expanded to include a Safety Manager and a HR Manager. “At the beginning of the year, Railcare adopted new financial targets, and we see continued strong growth

Record sales SECOND QUARTERConsolidated net sales increased by 24.3 percent to SEK 179.8 million (144.7).Operating profit (EBIT) increased to SEK 15.8 million (14.9).Earnings per share before and after dilution amounted to SEK 0.41 (0.41).FIRST SIX MONTHS OF THE YEARConsolidated net sales increased by 20.9 percent to SEK 309.2 million (255.7).Operating profit (EBIT) increased to SEK

Today, 24 July, 2024, the Extraordinary General Meeting of Railcare Group AB (publ) was held. Below is a summary of the resolutions made. All resolutions were adopted with the required majority. Resolution regarding approval of related party transactionThe Related Party Transaction consists of Railcare Group AB (the “Company”) entering into an agreement to acquire 4,000

The shareholders of Railcare Group AB, reg. no. 556730-7813, (“Railcare Group” or the “Company”) are hereby given notice to attend the Extraordinary General Meeting to be held at 10:00 a.m. CEST, Wednesday 24 July 2024 at the Company’s head office, Näsuddsvägen 10 in Skelleftehamn, Sweden. Registration for the Meeting commences at 9:30 a.m. CEST. NOTICE

Railcare Group AB (publ) has entered into an agreement to acquire 4,000 shares, corresponding to 40 per cent of the shares, in the newly started locomotive leasing company AC Finance AB. The purchase price amounts to SEK 400,000. In connection with the acquisition, Railcare enters into a loan agreement together with the existing owners of

Railcare is carrying out a major project on behalf of Trafikverket on the Västerås-Ålsäng and Kolbäck-Eskilstuna routes. Within the project, ballast replacement will be carried out on a total of 24 bridges and 18 switches, where Railcare performs the work with its self-developed machines and dedicated staff. – Thanks to the framework agreement, we have

Today, 8 May, 2024, the Annual General Meeting of Railcare Group AB (publ) was held. Below is a summary of the resolutions made. All resolutions were adopted with the required majority. Adoption of the income statement and the balance sheetsThe Meeting resolved to adopt the income statement and the balance sheet for the company as

Challenging weather affects profit FIRST QUARTER· Consolidated net sales increased by 16.6 percent to SEK 129.4 million (111.0).· Operating profit (EBIT) increased to SEK 13.8 million (13.1).· Earnings per share before and after dilution amounted to SEK 0.37 (0.36). SIGNIFICANT EVENTS IN THE FIRST QUARTER· Railcare increases its financial targets for the period until 2027. The

The shareholders of Railcare Group AB, reg. no. 556730-7813, (“Railcare Group” or the “Company”) are hereby given notice to attend the Annual General Meeting to be held at 11:00 CEST, Wednesday 8 May 2024 at the Company’s head office, Näsuddsvägen 10 in Skelleftehamn, Sweden. Registration for the Meeting commences at 10:15 CEST. NOTICE OF PARTICIPATIONShareholders

Railcare has started test-driving the next-generation battery-powered maintenance machine for the railway. In recent weeks, Railcare has been visited by ABB Traction Switzerland for the first test drive phase of the further developed MPV (Multi-Purpose Vehicle). A machine with both working and charging ability via the overhead line system. "In this phase, we have completed several

The Board of Directors of Railcare Group AB has adopted new financial targets for the period up until the end of 2027. The new targets are sales of SEK 1,000 million and operating margin of 13 percent. The new targets represent a change from the previous targets of sales of SEK 800 million and 10

Increased net sales and operating profit Fourth quarter· Consolidated net sales increased by 16.6 percent to SEK 149.3 million (128.0).· Operating profit (EBIT) increased to SEK 13.2 million (6.7).· Earnings per share before and after dilution amounted to SEK 0.25 (0.14). Full year 2023, January-December· Consolidated net sales increased by 13.5 percent to SEK 564.2 million