move to compart.B20.01.2011 18:00:00 CET
TOUAX joins Nyse Euronext compartment B
thanks to good economic performance
On 24 January 2011, TOUAX will joint NYSE Euronext compartment B which groups together issuers with a market capitalization of between €150 million and €1 billion (market capitalization calculated on the basis of the opening price for the last 60 trading days of the year).
This transfer rewards the drive and stock exchange performance of the TOUAX security in 2010. With a market capitalization of almost €170 million, TOUAX continues its strategy of value creation, the main strengths of which are:
- Extensive diversification in leasing contracts and sales of four assets with demand that looks promising from a structural viewpoint;
- Proprietary fleet of assets leased worth €509 million (on September 30, 2010) invested in standardized, mobile equipment featuring a long life-between 15 and 50 years-which generates long-term leasing profitability and recurring revenue streams;
- Leased assets managed for third parties under long-term contracts worth €832 million on September 30, 2010;
- TOUAX's development policy with a strong international focus in order to benefit from world trade (86% of revenues were generated outside France on September 30, 2010).
In 2010, the Group's sound economic performance was buoyed by continued growth in leasing activities and the increase in sales and syndication business.
As a result, TOUAX confirms its forecast of growth in sales for 2010 combined with stable leasing revenues. The Group will publish its annual results on March 25, 2011.
2011 looks promising, both in terms of business and growth in profitability.
The TOUAX Group provides its operational leasing services to a global customer base, both for its own account and on behalf of investors. TOUAX is the European leader in shipping containers and river barges, and no. 2 in modular buildings and freight railcars (intermodal railcars). TOUAX is well positioned to take advantage of the rapid growth in corporate outsourcing of non-strategic assets and every day offers efficient and flexible leasing solutions to more than 5,000 customers.
TOUAX is listed in Paris on NYSE EURONEXT - Euronext Paris Compartment B (ISIN code FR0000033003) and is part of the SBF 250 Index and CAC Small90.
Contacts:
Your contacts:
TOUAX
Fabrice & Raphaël WALEWSKI Managing partners touax@touax.com www.touax.com
Tel.: +33 (0)1 46 96 18 00
ACTIFIN
Jean-Yves BARBARA
Tel: +33 (0)1 55 88 11 11