Railcare Group: Record Quarter
We had actually expected a record quarter in Q3 in terms of both revenue and earnings, but our expectations were exceeded—especially in terms of operating profit! Revenue is up 17% and EBIT is up a full 31% compared to the previous record quarter, which was Q3 of last year for both metrics. High volumes of contracting transport mean that Transport is once again the positive surprise, while Contracting struggle—a balance that varies over time depending on where the Transport Administration’s focus lies: track replacement or preparatory work for such projects. Technology’s revenue doubled due to the delivery of a project, but the improvement in earnings was limited by the fact that the transition to external customers in Skelleftehamn is
proceeding more slowly than we had hoped.