NOBINA DELIVERS CONTINUED STRONG RESULTS

THE SECOND QUARTER 1 JUNE–31 AUGUST 2016

• Net sales of SEK 2,146 million (1,982), an increase of 8.3 per cent.

• Operating profit of SEK 142 million (25)1).

• Profit after tax of SEK 80 million (–71), and earnings per share of SEK 0.91
(–0.86)1).

• The cash flow from operations was SEK 336 million (167).

• Cash flow for the period was SEK –173 million (–91). Cash flow for the period
included disbursement of SEK 230 million (0)1) dividend for the preceding year.
THE HALF-YEAR PERIOD 1 MARCH–31 AUGUST 2016

• Net sales of SEK 4,370 million (3,977), an increase of 9.9 per cent.

• Operating profit increased to SEK 263 million (39)1).

• Profit after tax of SEK 149 million (–104), and earnings per share of SEK 1.68
(–1.43)1).

• The cash flow from operations was SEK 622 million (319).

• Cash flow for the period was SEK –141 million (–129). Cash flow for the period
included disbursement of SEK 230 million (0)1) dividend for the preceding year.

IMPORTANT EVENTS IN THE SECOND QUARTER

• Well-implemented traffic starts in Sweden and Finland.

• Nobina won a tender for traffic in Oslo worth SEK 150 million over a three
-year contract period.

• Nobina won a tender for traffic in Lund Väster (West) worth SEK 400 million
over a four-year contract period.

• The share of Nobina’s total bus fleet operating on renewable fuel increased
from 50 per cent to 55 per cent, and to 75 per cent in Sweden.

IMPORTANT EVENTS SINCE THE END OF THE QUARTER

• CEO Ragnar Norbäck announced his decision to retire in October
2017. Accordingly, the board has commenced work on recruiting a new CEO.

• Nobina’s contract regarding bus services in Norrtälje was extended by two
years until June 2021.

CEO’S COMMENTS

Nobina delivered continued strong results in the second quarter, driven
primarily by increased revenues from extra traffic as well as positive
development of existing contracts. In addition, Nobina has carried out cost
-efficient traffic starts and contract closures in Sweden and Finland. The
contracts won in Lund and Oslo during the quarter, as well as agreements signed
in Östergötland and Borås, compensate for the traffic contracts that are
expiring. It is, of course, positive that we are improving our margin despite a
younger contract portfolio, with its attendant negative short-term impact on
earnings. Furthermore, I note that Nobina’s focus on innovation through Nobina
Technology has attracted increased attention from PTAs and partners. It is also
pleasing that our employees are being invited to participate in a number of
forums in order to contribute to the development of the public transport
industry. Another positive trend is the improved profitability of our public
transport industry competitors, albeit from low levels. I have informed the
board that I have decided to retire next autumn, after 13 years as CEO of the
Nobina Group. These have been eventful years and there is much to be pleased
with. I am particularly proud of the skills and commitment of our employees.
Last year’s successful IPO has laid the foundation for an even more successful
company. Thus, conditions are favourable for a continued positive development.

Ragnar Norbäck,

President and CEO

The information comprises such as Nobina AB (publ) is obliged to publicly
disclose pursuant to the EU Market Abuse Regulation and the Securities Market
Act. Through the above contact person, the information was submitted for
publication at 8.00 am CET on 28 September 2016.
For further information, please contact:

Ragnar Norbäck, President and CEO +46 8-410 65 000

Per Skärgård, CFO +46 8-410 65 056

Annika Molander, Director of Communications +46 8-410 65 033
About Nobina

Nobina is the largest and most experienced public bus transport service provider
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 more than one million people arrive at work,
school or other activities by delivering contracted public bus transport
services 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 in excess of SEK 8 billion (2015/16), approximately 10,000 employees,
and is headquartered in Solna, Stockholm. For more information, see Nobina’s
website: www.nobina.com