14.04.2008 10:45:00 CET
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TOUAX is proud to announce its participation in the 3rd edition of Smallcap Event - PARIS
TOUAX takes part in Smallcap Event - Paris
At the Paris-Suffren Hilton Hotel
21 & 22 April 2008
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.
As European market leader in shipping containers and river barges and close to the top in modular buildings and freight railcars, TOUAX, which has been in business for some 150 years, is well positioned to take advantage of the rapid growth in corporate outsourcing of non-strategic assets by offering them speedy and flexible leasing solutions.
TOUAX is listed in Paris on NYSE EURONEXT - Euronext Paris Compartment B (ISIN code FR0000033003).
TOUAX broke through the threshold for being listed on Euronext Paris Compartment B on NYSE Euronext.
In March 2008TOUAX carried out a share capital increase with retention of preferential subscription rights for a gross amount of €23.3 million. This oversubscribed issue is designed to fund the Group's growth and in particular the acquisition of new equipment for its own account.
TOUAX announces 2007 results up by 63 %, standing at €11.7 million. With a strong international character (89% of its revenue is generated outside France), the Group is benefiting from excellent structural fundamentals and very good visibility (growth in global trade, deregulation of rail freight in Europe, need to renew the old rail and river equipment fleet, infrastructure needs in Eastern Europe and environmental awareness).
Therefore, the Group expects 2008 to see strong growth with net income up, at least 30%.