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RAIL Railcare AB News Story

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Sweden's Railcare Q4 sales rise 8.4%, winding down UK operations

Overview

Sweden railway specialist's Q4 net sales up 8.4% yr/yr to SEK 170.1 mln

Company to wind down UK operations due to declining volumes

Swedish Transport Administration exercises option year for clearance locomotives worth SEK 45 mln

Outlook

Railcare to wind down UK operations due to declining volumes

Company acquires radio control technology for locomotives

Swedish Transport Administration extends clearance locomotive contract to 2027

Result Drivers

TRANSPORT OPERATIONS - Strong performance driven by fixed contracts and increased contracting transport assignments

UK OPERATIONS WIND DOWN - Co to wind down UK operations due to declining volumes and insufficient government funding

LÅNGSELE ACQUISITIONS - Acquired radio control technology and property to enhance locomotive workshop capabilities

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 SalesSEK 170.10 mln
Q4 Adjusted EPSSEK 0.29
Q4 EBITSEK 14.90 mln
Q4 EBIT Margin8.80%
Analyst Coverage Wall Street's median 12-month price target for Railcare Group AB is SEK35.00, about 10.9% above its February 11 closing price of SEK31.55 The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago Press Release: ID:nMFNbKVPH9 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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