Active management has yielded results

The corona pandemic continues to affect Nobina’s markets with lower travel volumes as a result, although a continued recovery has been noted. As previously announced Nobina was able to improve earnings during the second quarter compared with the same period last year through increased cost controls, efficiencies, rapid adjustment and also retroactive revenues of SEK 27 million. The retroactive revenues are driven by the company reaching agreement with a number of PTA’s on the effects of the pandemic on incentive revenue contracts. In addition, the subsidiary Samtrans Omsorgsresor has adjusted its operating model to be able to meet societies need for mobile test stations for Covid-19. Finally, positive effects from contract migration in Norway and Finland also contributed to the overall improvement in earnings.

Nobina AB's Q2 report 2020/2021 will be published on Wednesday 30 September 2020 at 08:00 (CEST).