TOUAX Reports Positive Growth in Leasing Activities Ending September 2024

TOUAX Reports Positive Growth in Leasing Activities

As of the end of September 2024, TOUAX has announced a promising uptick in its business activities. The company showcased an impressive business volume of €121.5 million over the first nine months of the year, reflecting a 4.3% increase compared to the previous year. This growth is attributed to both an increase in the sales of owned equipment and enhanced management activities.

Key Financial Highlights

The notable figures from the latest report include:

• Owned equipment sales surged by €3.9 million, representing a growth of 9.2%.
• Management activities witnessed a remarkable increase of €2.7 million, marking a 39.3% rise.

Overall, total restated revenue from TOUAX's activities reached €121.5 million, which is a significant increase from €116.5 million recorded during the same period in the previous year. This positive trend indicates the company's effective strategies in enhancing revenue streams through both leasing and equipment sales.

Owned and Management Activities Performance

Focusing on the components of the owned activities, the leasing revenue from owned equipment amounted to €55.0 million, showing an increase of €3.0 million. While ancillary services saw a slight decline down to €10.0 million, sales of owned equipment rose to €46.9 million, which is an increase driven primarily by the strong performance in the containers and modular buildings sectors.

Performance by Division

Examining the contributions by division provides further insights:

• Freight Railcars: This segment demonstrated stability at €43.0 million, with leasing revenue from owned equipment at €40.8 million, counterbalanced by a drop in ancillary revenue.
• River Barges: Revenue decreased slightly to €11.0 million due to lower leasing activity, but an increase in management activity helped mitigate losses.
• Containers: The containers segment showed resilience with a 4.8% rise, reaching €31.2 million in sales, largely owing to increased investments and better utilization rates.
• Modular Buildings: This division recorded a notable 21.3% growth to €15.1 million, highlighting the rise in demand for low-carbon building solutions.

Trends and Future Projections

The average utilization rates across different segments indicate TOUAX's sustained operational capacity with figures standing at 86.2% for Freight Railcars, 97.5% for River Barges, and an impressive 96.8% for Containers. This data showcases the consistent demand for TOUAX's services and its positioning within the sustainable transport sector.

Looking ahead, TOUAX anticipates overall growth in operations, despite certain challenges, especially in Europe where manufacturing activities are slowing. However, the firm remains optimistic about the asset management business, which continues to draw interest from investors seeking tangible leasing investment strategies.

Commitment to Sustainability

TOUAX is dedicated to leading in sustainable transport and actively promotes corporate social responsibility initiatives tailored towards a low-carbon economy. With a wealth of experience in intermodal, rail, and river transport sectors, the company aims to enhance its commitment to responsible operational practices.

Upcoming Events

• Press Release on 2024 annual results set for 20 March 2025.
• Annual General Meeting scheduled for 12 June 2025.

TOUAX Group proudly leases out tangible assets worldwide and has amassed €1.2 billion in assets under management. It stands as a prominent player in the European leasing market of freight railcars, river barges, and containers.

Frequently Asked Questions

What is the latest business volume reported by TOUAX?

The latest reported business volume for TOUAX is €121.5 million, reflecting a 4.3% increase compared to last year.

Which divisions contributed most to TOUAX's growth?

The containers and modular buildings segments have notably contributed to TOUAX's growth, alongside improvements in management activities.

How has the average utilization rate changed for TOUAX?

TOUAX has recorded utilization rates of 86.2% for Freight Railcars, 97.5% for River Barges, and 96.8% for Containers, indicating strong operational capacity.

What future trends does TOUAX anticipate?

TOUAX anticipates overall growth, particularly in asset management, despite some challenges in the European market due to slowing manufacturing activities.

What is TOUAX's commitment to sustainability?

TOUAX is committed to leading sustainable transport and promoting corporate social responsibility to foster a low-carbon economy.

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