Green Cargo (GC) investor relations material

Executive summary

• Q3 revenue rose to 932 MSEK from 911 MSEK; operating income reached 73 MSEK from a loss of 34 MSEK, while organic operating income improved to 7 MSEK from a loss of 81 MSEK.

• Net income was 47 MSEK versus a loss of 48 MSEK; management cited cost-base adaptation, more efficient production and improved resource utilization.

• Organic operating income was positive for a second consecutive quarter; operating income was positive for four consecutive quarters.

Financial highlights

• Q3 revenue increased to 932 MSEK from 911 MSEK; transport volumes were 10% higher YoY, partly reflecting weather-related disruption in the comparison period.

• Q3 operating income was 73 MSEK versus -34 MSEK; net income was 47 MSEK versus -48 MSEK, and EPS was SEK 23.62 versus -SEK 24.01.

• 9M revenue was 3,099 MSEK versus 3,012 MSEK; operating income was 226 MSEK versus -66 MSEK, and net income was 157 MSEK versus -100 MSEK.

• 9M operating cash flow rose to 249 MSEK from 74 MSEK; total cash flow was 35 MSEK versus -46 MSEK.

• Environmental compensation added 66 MSEK to Q3 operating income and 207 MSEK in 9M; excluding this, organic operating income was 7 MSEK and 19 MSEK, respectively.

Outlook and guidance

• Priorities are to convert improved efficiency and delivery reliability into profitable growth by optimizing production, using available capacity and pursuing profitable transport volumes.

• Intensified sales efforts target profitable business; shorter lead times, higher reliability and a competitive cost position are intended to strengthen the offer to industrial transport buyers.