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Troms Fylkestrafikk and Nobina Norway in agreement not to utilise full extension option

Troms Fylkestrafikk has decided not to utilise the full extension option with Nobina Norway for bus services in Tromsö. The extension that could have stretched to a maximum of three years will thus be one and a half years. The extension will come into force in February 2018 and services will be operated by Nobina until 31 July 2019. The agreement comprises 127 scheduled buses.

“We are satisfied that Troms Fylkestrafikk has chosen to initiate a new tender process and not utilise the full extension option. It is also positive that the start-up of new traffic services will take place in summertime due to some of the operational challenges in Tromsö,” says Jan Volsdal, Managing Director of Nobina Norway AS.

Nobina started operating regional transport in Tromsö in February 2012 and the parties have now agreed that the contract will end on 31 July 2019. Under the terms of the agreement, Nobina will also replace four of the existing buses with four new buses already by the end of the summer of 2017.

For further information, please contact:
Annika Molander, Head of Communications Nobina AB, +46 (0)73-355 06 16  

About Nobina
Nobina is the largest and most experienced public bus transport operator in the Nordic region. The Company’s expertise in prospecting, tendering and active management of public bus transport contracts in combination with long-term delivery quality makes Nobina an industry leader in terms of profitability, development and initiatives that promote a healthier industry. Every day, Nobina ensures that almost one million people arrive at work, school or other activities by delivering contracted public bus transport in Sweden, Norway, Finland and Denmark. In addition, Nobina offers express bus services under the Swebus brand in the Swedish market. The company has sales of nearly SEK 9 billion (2016/17) and just over 12,000 employees, with its head office located in Solna, Stockholm. For further information, see Nobina’s website: www.nobina.com  

This information is such that Nobina AB (publ) is obligated to publish in accordance with the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was published, through the agency of the abovementioned contact persons, on 26 June 2017, at 13:50 p.m. 

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