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2016-05-12

TOUAX : Revenues for Q1 2016, up by 28.5% ; Sharp increase in sales revenue (+168 %) ; Positive operating income for the year 2016

PRESS RELEASE - Paris, 12 May 2016 - 6 p.m.

TOUAX

YOUR OPERATIONAL LEASING SOLUTION

REVENUE FOR Q1 2016

---------------------------------------------------------
| * Revenues for Q1 2016, up by 28.5% at €87.7 million |
| * Sharp increase in sales revenue (+168 %) |
| * Return of shipping container syndications |
| * Positive operating income for the year 2016 |
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------------------------------------------------------------------------
| Revenue by type Q1 2016 Q1 2015 Variation |
| |
| |
|( |
|Unaudited consolidated data, € thousands |
|) |
| Leasing revenue (1) 53,380 55,420 -3.7% |
| Sales of equipment 34,273 12,808 167.6 % |
| Including sales to clients 24,357 12,708 91.7 % |
| Including sales to investors 9,916 100 |
| Consolidated revenue 87,653 68,228 28.5 % |
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(1) Leasing revenue includes ancillary services.

Consolidated revenue for Q1 2016 was up by 28.5% at €87.7 million when
compared to €68.2 million for the 1stquarter of 2015 (+27.4% in currency on a
like-for-like basis). This increase results from the return of syndications
in the Shipping Container division and a good volume of sales primarily in
the Modular Buildings and Shipping Container divisions.

The leasing revenue was €53.4 million, down by 3.7% (-4.4% on a constant
currency) due to a decrease of Shipping Container activity which was not
compensated by the other three activities.

The equipment sales revenue is up sharply at 167.6%, due to both the return of
containers syndications to investors at the beginning of the year and the
sustained dynamic of sales of containers and modules to our clients (+91.7%).
Sales revenue stands at €34.3 million.

Group EBITDA for Q1 2016 improved to €11.3 million compared to €5.4 million in
the 1stquarter of 2015, and the operating income was positive at €2.5 million
compared to €-5.4 million for Q1 2015 (based on unaudited accounts).

ANALYSIS OF THE CONTRIBUTIONS OF THE GROUP'S 4 DIVISIONS

------------------------------------------------------------------------
| Revenue by division Q1 2016 Q1 2015 Variation |
| |
| |
|( |
|Unaudited consolidated data, € thousands |
|) |
| Leasing revenue (1) 23,828 26,567 -10.3% |
| Sales of equipment 19,429 5,614 246.1% |
| Including sales to clients 9,513 5,514 |
| Including sales to investors 9,916 100 |
| Shipping containers 43,257 32,181 34.4 % |
| Leasing revenue (1) 17,451 17,544 -0.5% |
| Sales of equipment 13,751 6,903 99.2% |
| Including sales to clients 13,751 6,903 |
| Modular buildings 31,202 24,447 27.6% |
| Leasing revenue (1) 3,090 3,846 -19.7% |
| Sales of equipment 918 19 |
| Including sales to clients 918 19 |
| River barges 4,008 3,865 3.7% |
| Leasing revenue (1) 9,102 7,566 20.3% |
| Sales of equipment 174 272 -36% |
| Including sales to clients 174 272 |
| Freight railcars 9,276 7,838 18.3% |
| Miscellaneous and unallocated (90) (103) |
| |
| Consolidated revenue 87,653 68,228 28.5% |
------------------------------------------------------------------------
(1) Le chiffre d'affaires locatif inclut les prestations de services annexes.

Shipping containers
: Revenue for the division increased by 34% to €43.3 million compared to €32.2
million in Q1 2015 (+31.6% at constant dollars). This increase is explained
by the strength of container sales to clients as well as the completion of
syndications. TOUAX completed a sale and leaseback operation in Q1 2016,
which was larger than the syndications completed during the full year 2015,
of which only the commission is recorded as revenue. Leasing operations were
down slightly at €23.8 million because of a deflationary market. We have
however observed since March 2016 a recent increase of steel and the purchase
price of containers in China, which will have a positive effect on leasing
rates.

Modular Buildings
: The revenue of the Modular Buildings division increased by 27.6% to €31.2
million compared to Q1 2015. Leasing revenue is stable to €17.5 million.
Equipment sales were sustained, confirming the recovery in business
activities, and improved by 99% to reach €13.8 million.

River Barges
: Revenue for the River Barges division was €4 million, slightly up. Leasing
activities were affected by a decline in business on the Rhine basin, and
TOUAX sold a push boat in the 1stquarter.

Freight Railcars
: Revenue for the Freight Railcars division improved by 18.3% at €9.3 million.
This increase can be primarily explained by the acquisition of the management
of a fleet of railcars in the last quarter of 2015.

OUTLOOK

We forecast a positive operating income for the year 2016.

The Group will continue to apply a cash flow growth strategy with
stabilisation of its assets, an increase of management assets on behalf of
third parties, and the improvement of utilisation rates.

No dividends shall be proposed to the General Meeting on the 9 June 2016. The
Managing Partners will propose a dividend at a General Meeting in view of the
improvement of the financial statements which will be confirmed upon
releasing of the half-year accounts at the end of August 2016.

UPCOMING EVENTS

* 9 June 2016: Combined shareholders meeting (Hôtel Hilton La Défense - CNIT)

* 31 August 2016: Revenue and income at 30 June 2016

TOUAX Group leases out tangible assets (shipping-containers, modular
buildings, freight railcars and river barges) on a daily basis to more than 5
000 customers throughout the world, for its own account and on behalf of
third party investors. With more than €1.8 billion under management, TOUAX is
one of the European leaders in the operational leasing of this type of
equipment.

TOUAX is listed in Paris on NYSE EURONEXT - Euronext Paris Compartment C (Code
ISIN FR0000033003) and on the CAC® Small and CAC® Mid&Small indexes and in
EnterNext PEA-PME.

For more information:www.touax.com
Contacts:

TOUAX

Fabrice&Raphaël Walewski

Managing partners

touax@touax.com

Tel: +33 (0)1 46 96 18 00

ACTIFIN

Ghislaine GASPARETTO

ggasparetto@actifin.fr

Tel: +33 (0)1 55 88 11 11

Touax - Q1 2016 revenue
http://hugin.info/143600/R/2012349/745392.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: TOUAX via Globenewswire

HUG#2012349

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