04.02.2008 19:14:00 CET
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TOUAX continues to improve its performance with consolidated 2007 revenues up +10% to €278.2 million (+17% on a like-for-like basis and at constant dollars).
Revenues by type | ||||||||||
(Unaudited consolidated figures, in € thousands) | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | TOTAL | Q1 2006 | Q2 2006 | Q3 2006 | Q4 2006 | TOTAL |
Leasing revenues | 38 144 | 40 680 | 44 999 | 46 468 | 170 291 | 35 483 | 36 606 | 40 014 | 38 458 | 150 561 |
Sales of equipment and sundry items | 6 026 | 46 069 | 18 906 | 36 873 | 107 874 | 2 436 | 48 324 | 20 547 | 31 263 | 102 570 |
Consolidated revenues | 44 170 | 86 749 | 63 905 | 83 341 | 278 165 | 37 919 | 84 930 | 60 561 | 69 721 | 253 131 |
Revenues by business segment | ||||||||||
(Unaudited consolidated figures, in € thousands) | Q1 2007 | Q2 2007 | Q3 2007 | Q4 2007 | TOTAL | Q1 2006 | Q2 2006 | Q3 2006 | Q4 2006 | TOTAL |
Leasing revenues | 17 375 | 18 177 | 19 945 | 19 103 | 74 600 | 14 201 | 13 430 | 16 528 | 16 990 | 61 149 |
Sales of equipment and sundry items | 12 | 32 745 | 13 925 | 12 332 | 59 014 | 739 | 22 345 | 17 527 | 18 510 | 59 121 |
Shipping containers | 17 387 | 50 922 | 33 870 | 31 435 | 133 614 | 14 940 | 35 775 | 34 055 | 35 500 | 120 270 |
Leasing revenues | 11 055 | 12 046 | 14 749 | 14 814 | 52 664 | 9 341 | 9 932 | 11 719 | 11 702 | 42 694 |
Sales of equipment and sundry items | 1 593 | 3 891 | 2 912 | 4 332 | 12 728 | 1 315 | 2 149 | 3 256 | 3 566 | 10 286 |
Modular buildings | 12 648 | 15 937 | 17 661 | 19 146 | 65 392 | 10 656 | 12 081 | 14 975 | 15 268 | 52 980 |
Leasing revenues | 5 269 | 5 341 | 4 518 | 5 658 | 20 786 | 8 621 | 9 140 | 7 530 | 5 412 | 30 703 |
Sales of equipment and sundry items | 46 | 61 | 107 | 0 | ||||||
River barges | 5 315 | 5 341 | 4 518 | 5 658 | 20 893 | 8 621 | 9 140 | 7 530 | 5 412 | 30 703 |
Leasing revenues | 4 445 | 5 115 | 5 787 | 6 894 | 22 241 | 3 320 | 4 104 | 4 237 | 4 354 | 16 015 |
Sales of equipment and sundry items | 4 375 | 9 434 | 2 069 | 20 147 | 36 025 | 382 | 23 830 | -236 | 9 187 | 33 163 |
Railcars, sundry items and intersegment eliminations | 8 820 | 14 549 | 7 856 | 7 856 | 58 266 | 3 702 | 27 934 | 4 001 | 13 541 | 49 178 |
Consolidated revenues | 44 170 | 86 749 | 63 905 | 64 095 | 278 165 | 37 919 | 84 930 | 60 561 | 69 721 | 253 131 |
Consolidated revenues in 2007 amounted to €278.2, up 10% on 2006 (17% on a like-for-like basis and at constant dollars). Leasing revenues rose 13% and sales revenues 5%.
The Shipping Containers division is benefiting from growth in inter-Asian trade and the opening up of new markets such as India. Growth in trade should continue in 2008 (+9%). By expanding its leasing assets, the division was able to positively meet demand and accordingly saw steady growth in revenues of +22% in 2007 compared to +13.6% in 2006. Sales revenues were flat.
The diversification of the Modular Buildings division into modular-building construction has enabled the Group to become market leader in Eastern Europe. The resulting increase in supply meets the structural needs of this part of Europe. Revenues have grown accordingly: +23.3%.
Following the disposal of a non-core charter services company towards the end of 2006 in order to focus its activities on high-potential rivers, the River Barges division saw a 32.5% fall off in revenues without any negative impact on 2007 results. The tightening of European regulations, the rise in the Eastern-European economies and the surge in the export of agricultural products and iron-ore in Latin America should enable the Group to gain market share and grow the division.
The deregulation of rail freight and trade liberalisation in Europe make rail transport a key mode of long-distance transport. The Community of European Railway and Infrastructure Companies (CER) confirms that European rail traffic should rise by +50% by 2015. The Railcars division is also benefiting from the need to renew the existing rolling stock (30 years old on average). This economic background makes it possible for the Railcars division to reaffirm its positioning in the leasing market by growing its leasing revenues by 38.5%.
PRESS RELEASE Paris, 4 February 2008 - 6pm
The Touax Group reaffirms the very positive outlook for 2008 as well as improved results.
The Group will announce more specific targets for 2008 when it publishes its 2007 results on 25 March 2008. 2007 results are expected to be up over 40% on 2006.
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 - Euronext Paris Compartment B (ISIN code FR0000033003).
Contacts:
TOUAX Fabrice & Raphaël WALEWSKI Managers touax@touax.com www.touax.com Tel: +33 (0)1 46 96 18 00
ACTUS FINANCE Samuel BEAUPAIN sbeaupain@actus.fr www.actus.fr Tel: +33 (0)1 53 67 36 49