25.11.2008 18:00:00 CET
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TOUAX will be attending the Midcap Event in London on 3-4 December 2008 at the Congress Center
TOUAX will be attending the Midcap Event in London on 3-4 December 2008. If you would like to learn more about the Group's latest developments and growth prospects, please contact Benjamin Audebert at b.audebert@cfbcom.fr to schedule a meeting with TOUAX's Managing Partner, Raphaël Walewski.
About TOUAX
TOUAX provides customised solutions for companies outsourcing their non-strategic assets
TOUAX provides operational leasing services for shipping containers, modular buildings, river barges, and freight railcars to customers around the world, for its own account and on behalf of investors. As the European leader in shipping container and river barge leasing, and one of the challengers in modular buildings and freight railcars, TOUAX is well-positioned to take advantage of the surge in the outsourcing of non-strategic assets by offering efficient, flexible leasing solutions. The Group's diversification and synergies among its four businesses (shipping containers, modular buildings, river barges, and freight railcars) provide a solid foundation and considerable growth potential. The Group raised its 2008 net income growth target from 30% to 40% when it released its 2008 half-year results.
Key figures and highlights of the third quarter
- Consolidated revenue rose 17% to €227 million for the first nine months of the year;
- Net attributable income jumped 58% to €8.1 million for the first half of the year;
- TOUAX acquired a fleet of 16,350 shipping containers in November that is leased under long-term contracts to top-tier European and Asian shipping companies;
- TOUAX anchored its shipping container business in Asia by forming two new companies: Gold Container Leasing Pte Ltd. in Singapore; and Gold Container Investment Ltd. in Hong Kong;
- TOUAX signed a €55 million club deal in October and obtained a €55 million syndicated loan for its railcar business in November, both of which help secure the Group's finances.
Next trading updates
2008 revenue on 9 February 2009 2008 full-year results on 24 March 2009
TOUAX is listed in Paris on NYSE Euronext - Euronext Paris Compartment B (ISIN code FR0000033003) www.touax.com
Contacts
TOUAX Fabrice & Raphaël Walewski Managers touax@touax.com +33 (0)1 46 96 18 00
Media relations Sylvie Jovillard Sylvie Jovillard Conseil jovillard.conseil.sylvie@wanadoo.fr +33 (0)6 20 50 19 89
Financial communications Jean-Yves Barbara Actifin jybarbara@actifin.fr +33 (0)1 56 88 11 11