03.10.2008 15:00:00 CET
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Positive outlook confirmed.
TOUAX confirms its target for a net income growth
Following the press release dated August 29, 2008, the Group confirms its target for net income growth of at least +40% in 2008, and positive growth outlook for 2009.
Fabrice and Raphaël Walewski indicates: "The Group benefits from its diversification which protects it from cycles, its balanced geographic positioning in particular in emerging markets, very good revenue visibility given its long-term contracts, the investments made in 2008 that will bear fruit in 2009 and markets that are structurally positive for 2009, 2010 and beyond".
During the first quarter of the year, the Group successfully carried out a share capital increase for a gross amount of €24 million. This issue made it possible to fund growth and the acquisition of new equipment for its own account. The Group also signed management agreements with third-party investors for in excess of €115 million to continue to finance the expansion of its leasing fleets.
The current positive trend (appreciation of the USD towards Euro) will have a positive impact on the 2009 net income, as 50% of the group's revenues are generated in USD.
In light of the order book and investments, the Group confirms its target for net income growth of at least +40% compared to the +30% announced previously, and its positive outlook for 2009.
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).
TOUAX is listed on NYSE EURONEXT - Euronext Paris Compartment B (ISIN number: FR0000033003)
www.touax.com
Contacts :
TOUAX Fabrice & Raphaël WALEWSKI Gérants touax@touax.com +33 (0)1 46 96 18 00
Media Contact Sylvie Jovillard Sylvie Jovillard Conseil jovillard.conseil.sylvie@wanadoo.fr +33 (0)6 20 50 19 89
Communication Agency Jean-Yves BARBARA ACTIFIN jybarbara@actifin.fr +33 (0)1 56 88 11 11