On track

It is with great pleasure that I share Mantena's first fully digital Annual and Sustainability Report. At Mantena, we go to work every day, all year round, to ensure that trains in the Nordic region run smoothly. The expertise of our skilled workers and engineers creates value for our customers through quality, efficient, and forward-looking train maintenance. This report contains several stories that clearly testify to this.

Mantena aims to be a modern, forward-leaning, and competitive supplier and partner for stakeholders in the railway sector. Our company is built on a proud industrial history dating back to the era of steam locomotives. We bring with us our unique experiences and broad and deep expertise as we transform Mantena and help shape the future of train and maintenance services.

Arne Roland
CEO, Mantena

We take our social responsibility seriously and we are committed to developing the railway of the future. It is therefore with pride that we present our first Sustainability Report. In line with the EU's Climate Law, we aim to achieve climate neutrality by 2050. To develop a solid plan, we need to assess and understand our current position, and most importantly, understand the opportunities presented by current and future solutions and technologies. Mantena will take a clear position in sustainable maintenance and material management in the railway sector, and contribute to reducing the railway's overall impact on the climate and the environment.

This report covers 2023, a year marked by renewal, development, and several strong achievements. Among the highlights are extensions of key contracts, including Öresundståg, CargoNet, and Flytoget. We have established Mantena Technology as a business area and are implementing several efficiency and improvement projects. Throughout the year, Mantena has made several strategic decisions and laid out a sustainable growth strategy for the company. At the same time, we have faced challenges related to certain contracts, which have negatively impacted the financial results. Therefore, we have also taken steps in 2024 to strengthen the company's economy and profitability. You can read more about this under "New Strategic Direction" in this report.

To strengthen the company's resilience and realize the business strategy, our owners have proposed to inject additional equity into the company. The proposal for capital contribution came in 2024, but before the publication of this report. We greatly appreciate the trust they have shown us and are aware of the owners' expectations for a quicker return to profitable operations. This is a task that I, along with the rest of the management team, am ready to deliver on, in close dialogue with employee representatives.

Mantena's goal is to be the Nordic region's leading center of expertise for rolling stock. Several necessary steps have now been taken to succeed in this endeavor. The foundation for a profitable and more robust Mantena is being laid. Our efficiency and improvement efforts continue as we work to win new contracts and assignments.

I would like to thank our customers, employees, and partners for their invaluable contributions to Mantena's development. Together, we are building an organization that delivers on an important societal mission every day, around the clock, ensuring that the trains in the Nordic region run smoothly.