A new Concordia Bus is taking shape. Profit for the third quarter was the best in the Group's history. With increasingly strong earnings and continued operational improvements, pretax earnings close to break-even are expected. 

The unprofitable contracts extending over several years, which were entered into at the end of the 1990s led to major losses at the beginning of the 2000s. Combined with an over leveraged capital structure, this resulted in an acute financial situation in Concordia Bus AB at the beginning of 2004. A financial restructuring thus became necessary. With stable finances, work is today being focused on developing the business and making it more efficient. Profit improvements are resulting faster than anticipated and Concordia Bus intends to soon expand into new markets in the Nordic region.