Railcare Group AB (publ) (RAIL) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

This morning we released our report for the first quarter. It is a quarter that is highly influenced by the fact that we are now taking steps to achieve our goals until 2027 and that we still have it very heavy in the business in Great Britain. I'm going to start by giving a short picture of our business and how the market looks. Railcar-concern is mainly operated in three different business areas. We have entrepreneurship, where we carry out rail maintenance with self-developed machines as well as dewatering equipment. Transportation operations, where we carry out goods, entrepreneurship and special transport with our own locomotives and drivers. And through technology, the development and transformation of both locomotives and machines as well as service and maintenance takes place. When it comes to our market, the market on the railways is very interesting. The debt on Swedish railways is very large and the need for a well-functioning and sustainable railway infrastructure is crucial for Swedish industry competitiveness. Transport on the railways is expected to increase by 50% by 2040. This means that maintenance needs to be made more efficient in order to minimize the impact on the railways traffic. The partnership with NATO also places increased demands on the railway's robustness and reliability. The railway is in focus and therefore simple and natural explanations. During the quarter, we have submitted a contract to the Trafikverket for snow removal. This contract applies for four years with an option of an additional one plus one year. The value goes up annually to 59 million. which means a total value of SEK 355 million for the contract for all years, including the option year. We are of course happy to be contributing to this important contract, not only be...