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NSB 2nd interim period 2017:

geir-isaksen

Good financial results, but train passengers are suffering under bad punctuality

The NSB Group had a turnover of NOK 9 841 million in the first 8 months of 2017, delivering an operating profit of NOK 639 million.

- We achieve our financial goals. This is important for us, but it is even more important that our customers get a good journey with NSB. Many failures on signaling systems and power supply result in a punctuality for our passenger trains in August and September at the lowest level for several years. We are very dissatisfied with this, says the CEO of NSB Geir Isaksen.

Punctuality a problem for the railroad

-The customers in Eastern Norway have experienced train delays and cancellations too many times this autumn. They are not interested in whether NSB or Bane NOR cause the delays; they just want the train to be punctual. Bane NOR and NSB will meet next week to discuss what we can do ourselves and together to improve the situation. I am informed that the infrastructure maintenance lag is increasing again. This is unfortunate. We should give priority to infrastructure maintenance even though this will be at the expense of investment in new railway lines, says Geir Isaksen.

Good operations in Nettbuss

-Nettbuss delivers good results and has consistently satisfied customers. The company has a stable market share and wins new contracts approximately to the same extent as the contracts that expire, says Isaksen.

NSB is preparing for competition

The result of the recent general election removed all doubt concerning competition for passenger train services in Norway. Details of the competitive tenders and a more detailed progress plan will probably be published in conjunction with the presentation of the state budget this autumn. The South and North traffic packages will come first.

- NSB is preparing for the upcoming competition. It requires us to reduce our costs and adjust our business to what we shall deliver in the future. This means a major transformation, which is progressing well, says Isaksen.

Decline in freight traffic despite high quality

-CargoNet is experiencing tough competition, primarily from Norwegian and international carriers by truck. The political ambition to transfer more goods from road to rail is not met. We still believe this is the future, since one freight train on average replaces 25 trailers and our freight trains deliver a record punctuality of 96 percent, says Geir Isaksen.

 

Schweigaards gate 23, 29. September 2017

Press contact:

Director of Communication, Elin Myrmel-Johansen, +47 934 80 538

 

Published: 29.09.2017, 10:30