15.05.2006 07:00:00 CET
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Paris, 15 May 2006 - 7.30am
| Revenues by type (Unaudited consolidated figures, in € thousands) | 2006 | 2005 | Difference |
| Leasing revenues | 35 014 | 28 105 | 25% |
| Sales of equipment and sundry items | 2 918 | 17 991 | -84% |
| Consolidated revenues in the first quarter | 37 932 | 46 096 | -18% |
| Revenues by business segment (Unaudited consolidated figures, in € thousands) | 2006 | 2005 | Difference |
| Shipping containers | 14 944 | 28 748 | -48% |
| Modular buildings | 10 654 | 9 424 | 13% |
| River barges | 8 602 | 6 503 | 32% |
| Railcars and sundry activities | 3 733 | 1 422 | 163% |
| Consolidated revenues in the first quarter | 37 933 | 46 097 | -18% |
Lease revenues rose 25% in the first quarter of 2006 compared to the first quarter of 2005. Leasing is a recurrent and growing activity. Consolidated revenues in the first quarter of 2006 amounted to €37.9 million, a decline of 18% compared to the first quarter of 2005. The conclusion of new management programs, and consequently equipment sales or asset disposals, can fluctuate substantially from one quarter to the next. For the record, the shipping containers business recorded sales of €15 million in the first quarter of 2005, whereas no shipping containers were sold in the first quarter of 2006. The decrease in sales in the shipping containers business is only temporary; a shift has taken place in favor of the second and third quarters of 2006. The Group is therefore confirming its target of a rise of over 30% in net income for the full-year 2006.
The shipping containers business continued to benefit from the globalization of trade and the sustained growth in international commerce with a 10% rise in lease revenues.
The modular buildings business confirmed its recovery with a 13% increase in revenues as a result of new investments.
The river barges business recorded further advances as a result of the conclusion of new contracts which have been in place as of the second half of 2005.
The railcars business continued its growth, spurred by the full liberalization of rail freight and the acquisition of 100% of the railcar business in November 2005.
At its meeting of 29 March 2006, the Supervisory Board resolved to propose to the general meeting of shareholders of 28 June 2006 that a net dividend of €0.70 per share be distributed, representing a rise of 17% compared to the previous year.
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 & Raphaël WALEWSKI
Managers
touax@touax.com
www.touax.com
Tel: 01 46 96 18 00
ACTUS FINANCE
Sébastien BERRET
sberret@actus.fr
www.actus.fr
Tel: 01 53 67 35 77