News and press releases

VR Group updates its long-term financial target

16. February 2024 Stock releases

VR Group’s Financial Statements Release 1 January to 31 December 2023: Profitability improved significantly

16. February 2024 Stock releases

VR expands in Sweden – acquires long-distance traffic operator MTR Express (Sweden) AB

VR-Group Plc is acquiring the long-distance traffic business of MTR Nordic AB's Swedish subsidiary MTR Express (Sweden) AB (MTRX). VR has been operating in Sweden since 2022. With this acquisition, the company's operations will expand in the Swedish passenger transport market from regional contracted services to long-distance traffic. The transaction requires approval from the Swedish competition authority, which is expected by the end of May.

8. February 2024 Press releases

VR to sell passenger coaches – registration for the auction open in February

VR will auction off a total of 51 single deck coaches that are at the end of their life cycle and have been removed from commercial passenger service as they are no longer needed. The company seeks to promote the growth and competition of the rail transport market in Finland by giving up extra rolling stock.

31. January 2024 News and current issues

In 2023, the VR long-distance traffic included over 15 million journeys – the number has grown by 14 per cent from 2022

In 2023, VR’s long-distance traffic included over 15 million journeys, which is an all-time record. The 14 per cent increase from the previous year was due to the increased popularity of business and work travel mainly on weekdays, as well as free-time travel.

16. January 2024 Press releases

Turkka Kuusisto steps down from VR’s Board of Directors

11. January 2024 Stock releases

VR to sell surplus passenger carriages

VR will put a total of 29 IC single-deck carriages and 22 so-called 'blue' carriages up for sale during the year 2024. The carriages being offered for sale have been removed from commercial passenger service as redundant. More detailed information about the sales process will be published on VR's website in January 2024.

28. December 2023

VR to sell railworthy diesel locomotives – registration for the auction in January 2024

VR will sell five surplus railworthy diesel locomotives and aims to promote the growth of the railway market and competition in Finland. Registration for the auction for companies and associations will begin on 15 January.

28. December 2023 News and current issues

Allegro trains to be deployed in VR's domestic long-distance traffic from 2025

The trains known as Allegro, or Sm6 units, have been owned by a joint venture between VR and Russian Railways. The Russian owner has repeatedly neglected its financial obligations towards the joint venture. VR has redeemed the joint venture's loans and through the right of pledge taken possession of the trains today, December 14th. The trains are expected to be put into service in domestic long-distance traffic in Finland around the year 2025.

14. December 2023 Press releases