13.02.2006 07:00:00 CET
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Paris, 13 February 2006, 8am
| Consolidated revenues by type (€ thousands) | 2005 | 2004 | |
| Unaudited | Audited | Difference | |
| Leasing revenues | 124 828 | 108 396 | 15% |
| Sales of equipment and sundry items | 97 254 | 72 187 | 35% |
| Consolidated revenues | 222 082 | 180 583 | 23% |
| Consolidated revenues by business segment (€ thousands) | 2005 | 2004 | Difference |
| Shipping containers | 114 915 | 102 866 | 12% |
| Modular buildings | 45 264 | 37 103 | 22% |
| River barges | 31 016 | 29 119 | 7% |
| Railcars | 30 887 | 11 495 | 169% |
| Consolidated revenues | 222 082 | 180 583 | 23% |
The Touax Group is pursuing its growth in the operational leasing of standardized, mobile equipment, supported by a trend towards outsourcing among its customers. The Group's consolidated revenues amounted to €222.1 million as at 31 December 2005, compared to €180.6 million in the previous year. This represents a rise of 23% on the year (16.9% on a like-for-like basis taking into account the acquisition of 100% of Touax Rail on 30 November 2005).
The shipping containers business continued its development during 2005 with an accumulated rise of 12%. It continues to benefit from the increase in global trade, in spite of a slowdown in demand observed in China since April 2005. Accumulated leasing revenues advanced 19% and accumulated equipment sales were 6% higher than in 2004.
The modular buildings business confirmed its recovery with an accumulated rise of 22% on the year, generated by a strong rise of 46% in equipment sales and a 17% increase in leasing revenues. Growth was buoyant in the USA (Florida, Georgia), Poland and Spain.
The river barges business grew 7% in 2005 as a result of strong advances in the USA (Mississippi) and Eastern Europe (Danube).
The railcar leasing business continued to progress in line with the Group's stated ambitions, with notable rises of 261% in equipment sales and 46% in leasing revenues. The full liberalization of rail transport in Europe from March 2006 is expected to provide new opportunities.
For full-year 2006 the Group is forecasting sustained growth in its revenues. A detailed forecast will be provided when the full-year financial statements are presented on 30 March 2006.
TOUAX is listed in Paris on EURONEXT - Eurolist Compartment C (ISIN code FR0000033003) and is part of the Next Prime quality segment of EURONEXT.
Contacts:
TOUAX
Fabrice WALEWSKI / Raphaël WALEWSKI
General Managers
touax@touax.com
Tel: 01 46 96 18 00
ACTUS FINANCE
Sébastien BERRET - Press Relations
sberret@actus.fr
Tel: 01 53 67 35 77