13.11.2007 18:00:00 CET
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PRESS RELEASE
Paris, 13 November 2007 - 6pm
YOUR OPERATIONAL LEASING SOLUTION
TOUAX: consolidated revenues rise 6.2 % in third quarter of 2007 to €194.8 million.
Revenues by type (Unaudited consolidated figures, in € thousand) | Q1 2007 | Q2 2007 | Q3 2007 | TOTAL | Q1 2006 | Q2 2006 | Q3 2006 | TOTAL | Difference |
Leasing revenues | 38 144 | 40 680 | 44 999 | 123 823 | 35 483 | 36 606 | 40 014 | 112 103 | 10% |
Sales of equipment and sundry items | 6 026 | 46 069 | 18 906 | 71 001 | 2 436 | 48 324 | 20 547 | 71 307 | -0,4% |
Consolidated revenues | 44 170 | 86 749 | 63 905 | 194 824 | 37 919 | 84 930 | 60 561 | 183 410 | 6,2% |
Revenues by business segment (Unaudited consolidated figures, in € thousand) | Q1 2007 | Q2 2007 | Q3 2007 | TOTAL | Q1 2006 | Q2 2006 | Q3 2006 | TOTAL | Difference |
Leasing revenues | 17 375 | 18 177 | 19 945 | 55 497 | 14 201 | 13 430 | 16 528 | 44 159 | 26% |
Sales of equipment and sundry items | 12 | 32 745 | 13 925 | 46 682 | 739 | 22 345 | 17 527 | 40 611 | 15% |
Shipping containers | 17 387 | 50 922 | 33 870 | 102 179 | 14 940 | 35 775 | 34 055 | 84 770 | 21% |
Leasing revenues | 11 055 | 12 046 | 14 749 | 37 850 | 9 341 | 9 932 | 11 719 | 30 992 | 22% |
Sales of equipment and sundry items | 1 593 | 3 891 | 2 912 | 8 396 | 1 315 | 2 149 | 3 256 | 6 720 | 25% |
Modular buildings | 12 648 | 15 937 | 17 661 | 46 246 | 10 656 | 12 081 | 14 975 | 37 712 | 23% |
Leasing revenues | 5 269 | 5 341 | 4 518 | 15 128 | 8 621 | 9 140 | 7 530 | 25 291 | -40% |
Sales of equipment and sundry items | 46 | 46 | 0 | ||||||
River barges | 5 315 | 5 341 | 4 518 | 15 174 | 8 621 | 9 140 | 7 530 | 25 291 | -40% |
Leasing revenues | 4 445 | 5 115 | 5 787 | 15 347 | 3 320 | 4 104 | 4 237 | 11 661 | 32% |
Sales of equipment and sundry items | 4 375 | 9 434 | 2 069 | 15 878 | 382 | 23 830 | -236 | 23 976 | -34% |
Railcars, sundry items and intersegment eliminations | 8 820 | 14 549 | 7 856 | 31 225 | 3 702 | 27 934 | 4 001 | 35 637 | -12,4% |
Consolidated revenues | 44 170 | 86 749 | 63 905 | 194 824 | 37 919 | 84 930 | 60 561 | 183 410 | 6,2% |
Consolidated revenues in the third quarter of 2007 amounted to €194.8 million, an increase of 6.2 % compared to the third quarter of 2006 (14 % on a like-for-like and constant-currency basis).
The Shipping Containers division maintained its investment policy and benefited from the structural increase in global trade. Leasing revenues rose by 26 % and sales revenues by 15 %.
The Modular Buildings division continued its growth trend with the signing of a large number of contracts and substantial investments. Its total revenues rose by 23 %.
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 increased its leasing revenues by 32 % compared to the third quarter of 2006, due to the good economic situation in Europe, the increase in investments and the liberalization of rail freight. The decrease in its sales revenues is connected with the Group's decision to maintain more owned assets, leading to a normal decrease in its syndications and hence in revenues from sales to investors.
PRESS RELEASE Paris, 13 November 2007 - 6pm
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.
The Group confirms its 2007 target of increasing its consolidated net income by more than 40 % compared to 2006 and will announce its first forecasts for 2008 in December 2007. 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 ACTUS FINANCE
Fabrice & Raphaël WALEWSKI Sébastien BERRET
Managers sberret@actus.fr
touax@touax.com www.actus.fr
www.touax.com Tel: 01 53 67 35 77
Tel: 01 46 96 18 00