The magazine Bus Industry

Losses soar for Nettbuss Sweden AB. The company is the parent company Orusttrafiken and Nettbuss Express, which among other things, running Bus4You.

Nettbuss Sweden AB, the parent company ao to Orusttrafiken, is deteriorating. After an annual profit in 2006 illuminates the figures in the financial statements redder and redder. The result last year was 37 million in losses.

CEO Stefan Magnusson was forced last year to see the operating profit for Nettbuss Sweden AB plummet to a loss of 22 million, compared with a minus in 2007 to nine million and a bonus in 2006 of four million.

Net income for 2008 - 37 million. 2007 was the result - 24 million and 2006 +2.4 million.

While the losses have soared Nettbuss Sweden has increased its sales dramatically, from 493 million in 2006 to 669 million last year. But sales growth has been at the expense of profitability.

Besides Orusttrafiken owns Nettbuss Sweden also Nettbuss Express Ltd that runs express buses under the brand names GoByBus and Bus4You.

Possibly related articles:

1. Continued loss of Nettbuss in Sweden
2. Bus4You soon in Norway
3. Nettbuss expansion up in the Norwegian parliament
4. Nettbuss strengthens its hold on Swedish coaches
5. From red to black Nettbuss in Sweden