13.08.2007 18:00:00 CET
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PRESS RELEASE
Paris, 13 August 2007 - 6pm
Revenues by type | |||||||
(Unaudited consolidated figures, in € thousands) | Q1 2007 | Q2 2007 | TOTAL | Q1 2006 | Q2 2006 | TOTAL | Difference |
Leasing revenues | 38 144 | 40 676 | 78 820 | 35 483 | 36 606 | 72 089 | 9% |
Sales of equipment and sundry items | 6 026 | 46 069 | 52 095 | 2 436 | 48 324 | 50 760 | 3% |
Consolidated revenues | 44 170 | 86 745 | 130 915 | 37 919 | 84 930 | 122 849 | 6,6% |
Revenues by business segment | |||||||
(Unaudited consolidated figures, in € thousands) | Q1 2007 | Q2 2007 | TOTAL | Q1 2006 | Q2 2006 | TOTAL | Difference |
Shipping containers | 17 387 | 50 922 | 68 309 | 14 940 | 35 775 | 50 715 | 35% |
Modular buildings | 12 648 | 15 933 | 28 581 | 10 656 | 12 081 | 22 737 | 26% |
River barges | 5 315 | 5 341 | 10 656 | 8 621 | 9 140 | 17 761 | -40% |
Railcars, sundry items and intersegment eliminations | 8 820 | 14 549 | 23 369 | 3 702 | 27 934 | 31 636 | -26% |
Consolidated revenues | 44 170 | 86 745 | 130 915 | 37 919 | 84 930 | 122 849 | 6,6% |
Consolidated revenues in the first half of 2007 amounted to €130.9 million, an increase of 6.6% compared to the first half of 2006 (+12.5% on a like-for-like and constant-dollar basis).
The Shipping Containers division maintained its investment policy and benefited from the structural increase in global trade. Leasing revenues rose by 29% and sales revenues by 42%.
The Modular Buildings division continued its growth trend with the signing of a large number of contracts.
The river barges business recorded a decrease in revenues, resulting mainly from the divestment of a non-strategic chartering company at the end of 2006 in order to refocus its activity on rivers with high potential: Mississippi, Rhine and Danube.
The Railcars division recorded a decrease in revenues from management programs which will only be implemented in the second half and increased its leasing revenues by 29% compared to the first half of 2006 due to the good economic situation in Europe, the increase in investments and the liberalization of rail freight.
At its SFAF meeting of 24 April 2007, the Group announced its target of increasing its net income by more than 40% in 2007, i.e. over €10 million. The revenues are in line with the Group's expectations. The Group confirms its forecasts for net income.
The TOUAX Group provides operational leasing of shipping containers, modular buildings, river barges and freight railcars for a global customer base, both for its own account and on behalf of investors.
TOUAX is listed in Paris on NYSE EURONEXT - Eurolist Compartment C (ISIN code FR0000033003) and is part of the Next Prime quality segment of NYSE 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