Railcare increases its financial targets
The Board of Directors of Railcare Group AB has adopted new financial targets for the period up until the end of 2027. The new targets are sales of SEK 1,000 million and operating margin of 13 percent.
The new targets represent a change from the previous targets of sales of SEK 800 million and 10 percent operating margin. The period, until end of 2027, remains unchanged.
“Over the past year, a number of significant events have taken place that strengthen our positive view of the future. We won a major contract relating to clearing locomotives that contributes to the long-term viability of operations, while we are also seeing growing demand for our contracting and transport services. We also intend to sharpen our focus on machine sales. Overall, this justifies more aggressive targets,” Mattias Remahl, CEO of Railcare Group, commented.
The green transition is having a positive impact on the rail sector. Increased transports, an emphasis on efficiency and innovative railway maintenance, and a shift towards more sustainable machines and vehicles in the sector are factors that that are a close match with Railcare’s offering.
“We have experienced sustained positive organic growth, despite challenging sector conditions. The green transition has continued, which means that demand for railway maintenance and transport is set to increase,” commented Mattias Remahl.
“We intend to reach our new targets by doing things differently. This always has been, and will remain, a success factor for our vision of operational progress with satisfied customers and positive profitability,” Mattias concludes.
