Touax: Increase of the activity level as of end-September 2024
2024年11月15日 - 1:45AM
ＲＮＳを含む英国規制内ニュース （英語）
Touax: Increase of the activity level as of end-September 2024
PRESS
RELEASE Paris, 14
November 2024 – 5:45 pm
YOUR OPERATIONAL LEASING SOLUTION FOR
SUSTAINABLE TRANSPORTATION
Increase of the activity level as of
end-September 2024
- Business
volume of €121.5 million over 9 months
(+4.3%)1
- Increase
in sales of owned equipment (+€3.9 million, +9.2%)
- Growth
in management activity (+€2.7 million; +39.3%)
|
At the end of the third quarter 2024, total
restated revenue2 from activities amounts to €121.5
million (€121.7 million at constant scope and
currency3), compared with €116.5 million at the same
period in 2023, up by +€5.0 million supported by sales of owned
equipment and syndication fees.
|
Restated Revenue from activities (*) |
Q1 2024
|
Q2 2024
|
Q3 2024
|
9 months 2024
|
Q1 2023
|
Q2 2023
|
Q3 2023
|
9 months 2023
|
Variation
|
|
(in € thousand) |
| Leasing
revenue on owned equipment |
19,381 |
18,108 |
17,524 |
55,013 |
17,139 |
17,510 |
17,412 |
52,061 |
2,952 |
|
Ancillary services |
3,021 |
3,939 |
3,083 |
10,043 |
5,031 |
4,270 |
5,299 |
14,600 |
-4,557 |
|
Sales of owned equipment |
12,213 |
15,898 |
18,806 |
46,917 |
13,053 |
16,895 |
13,024 |
42,972 |
3,945 |
|
Total of owned activity |
34,615 |
37,945 |
39,413 |
111,973 |
35,223 |
38,675 |
35,735 |
109,633 |
2,340 |
|
Total of management activity |
1,765 |
6,096 |
1,683 |
9,544 |
1,882 |
3,272 |
1,696 |
6,850 |
2,694 |
| Other capital
gains on disposals |
0 |
5 |
-1 |
4 |
1 |
1 |
-1 |
1 |
3 |
|
Total Others |
0 |
5 |
-1 |
4 |
1 |
1 |
-1 |
1 |
3 |
|
Total Restated Revenue from activities |
36,380 |
44,046 |
41,095 |
121,521 |
37,106 |
41,948 |
37,430 |
116,484 |
5,037 |
Owned activity amounts to
€112.0 million in the first nine months of the year, including:
- €55.0 million for Leasing revenue
of owned equipment (+€3.0 million).
- €10.0 million for Ancillary
services, down by -€4.6 million, mainly on Freight Railcars and
River Barges activities.
- €46.9 million for Sales of owned
equipment, a +€3.9 million increase, due to the good performances
of the Containers and Modular Buildings activities.
Management Activity amounts to
€9.5 million. With a sustained pace of transactions, syndication
fees increase significantly in the Containers, Freight Railcars and
River Barges activities, by a total of +€4.6 million. This change
is partly offset by the -€1.9 million fall in sales of second-hand
containers owned by investors.
ANALYSIS OF CONTRIBUTION BY
DIVISION
The Freight Railcars activity
remains stable, amounting to €43.0 million (+1.0%) over 9
months:
- Owned activity is stable at €40.8
million: increases in leasing revenue from owned equipment (+€1.7
million; +5%) and sale of owned equipment (+€0.3 million)
compensate the -€2.1 million decrease of ancillary revenue (from
lower volume on maintenance contracts).
The average utilisation rate fell by -2.5 points
to 86.2% over the first 9 months in 2024 compared with the same
period in 2023.
- Thanks to syndications operated
during the period, the management activity increases by +€0.5
million to €2.2 million as of end-September 2024.
The River Barges activity
slightly decreased to €11.0 million (- €0.5 million) over the
period. Leasing activity accounts for a decline of -€2.2 million,
impacted by the decrease of ancillary services related to the
chartering activity on the Rhine River basin (also leading to a
reduction in operating expenses for an almost equivalent level).
However, management activity rose by +€1.7 million.
The Containers activity posts
an increase of +€2.4 million (+4.8%) compared with the same period
in 2023. While the leasing revenue of owned equipment rose by +€1.4
million, benefiting from new investments and the increase of
average utilisation rates (+2.0 points compared with 2023 first 9
months, to 96.8% as of end-September 2024), ancillary services
(pick-up charges) fall by -€0.5 million. Sales of owned equipment
increase by +€1.0 million over the period (mainly due to the
container trading business), from €30.2 million to €31.2
million.
The management activity is up +€0.5 million to
€5.6 million, with a mix of syndication fees increasing and
commissions on sales of investor equipment decreasing (lower
availability for sale due to higher average utilisation rates, and
unfavourable comparison with a significant transaction accounted in
June 2023).
Revenue from the Modular
Buildings activity, presented under “Miscellaneous”,
continues to grow in 2024, reaching €15.1 million over the period,
a strong increase compared with end-September 2023 (+ €2.7 million,
+21.3%), driven by the need for rapid and low-carbon
constructions.
|
Restated Revenue from activities |
Q1 2024
|
Q2 2024
|
Q3 2024
|
9 months 2024
|
Q1 2023
|
Q2 2023
|
Q3 2023
|
9 months 2023
|
Variation
|
|
(in € thousand) |
| Leasing
revenue on owned equipment |
12,234 |
12,125 |
11,978 |
36,337 |
11,124 |
11,615 |
11,857 |
34,596 |
1,741 |
|
Ancillary services |
1,137 |
1,555 |
1,203 |
3,895 |
1,938 |
1,937 |
2,082 |
5,957 |
-2,062 |
|
Sales of owned equipment |
136 |
332 |
143 |
611 |
76 |
132 |
133 |
341 |
270 |
|
Total of owned activity |
13,507 |
14,012 |
13,324 |
40,843 |
13,138 |
13,684 |
14,072 |
40,894 |
-51 |
|
Total of management activity |
746 |
882 |
542 |
2,170 |
538 |
553 |
586 |
1,677 |
493 |
|
Total Freight railcars |
14,253 |
14,894 |
13,866 |
43,013 |
13,676 |
14,237 |
14,658 |
42,571 |
442 |
| Leasing
revenue on owned equipment |
1,749 |
1,908 |
1,824 |
5,481 |
1,878 |
1,886 |
1,880 |
5,644 |
-163 |
|
Ancillary services |
1,196 |
1,311 |
1,282 |
3,789 |
2,072 |
1,629 |
2,090 |
5,791 |
-2,002 |
|
Sales of owned equipment |
1 |
0 |
0 |
1 |
0 |
5 |
0 |
5 |
-4 |
|
Total of owned activity |
2,946 |
3,219 |
3,106 |
9,271 |
3,950 |
3,520 |
3,970 |
11,440 |
-2,169 |
|
Total of management activity |
32 |
1,674 |
55 |
1,761 |
11 |
14 |
20 |
45 |
1,716 |
|
Total River Barges |
2,978 |
4,893 |
3,161 |
11,032 |
3,961 |
3,534 |
3,990 |
11,485 |
-453 |
| Leasing
revenue on owned equipment |
5,393 |
4,072 |
3,717 |
13,182 |
4,133 |
4,004 |
3,671 |
11,808 |
1,374 |
|
Ancillary services |
688 |
1,073 |
598 |
2,359 |
1,021 |
704 |
1,127 |
2,852 |
-493 |
|
Sales of owned equipment |
8,955 |
9,365 |
12,861 |
31,181 |
10,211 |
10,949 |
8,994 |
30,154 |
1,027 |
|
Total of owned activity |
15,036 |
14,510 |
17,176 |
46,722 |
15,365 |
15,657 |
13,792 |
44,814 |
1,908 |
|
Total of management activity |
987 |
3,540 |
1,086 |
5,613 |
1,333 |
2,705 |
1,090 |
5,128 |
485 |
|
Total Containers |
16,023 |
18,050 |
18,262 |
52,335 |
16,698 |
18,362 |
14,882 |
49,942 |
2,393 |
| Leasing
revenue on owned equipment |
5 |
3 |
5 |
13 |
4 |
5 |
4 |
13 |
0 |
|
Sales of owned equipment |
3,121 |
6,201 |
5,802 |
15,124 |
2,766 |
5,809 |
3,897 |
12,472 |
2,652 |
|
Total of owned activity |
3,126 |
6,204 |
5,807 |
15,137 |
2,770 |
5,814 |
3,901 |
12,485 |
2,652 |
| Other capital
gains on disposals |
0 |
5 |
-1 |
4 |
1 |
1 |
-1 |
1 |
3 |
|
Total Others |
0 |
5 |
-1 |
4 |
1 |
1 |
-1 |
1 |
3 |
|
Total Miscellaneous and eliminations |
3,126 |
6,209 |
5,806 |
15,141 |
2,771 |
5,815 |
3,900 |
12,486 |
2,655 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Restated Revenue from activities |
36,380 |
44,046 |
41,095 |
121,521 |
37,106 |
41,948 |
37,430 |
116,484 |
5,037 |
OUTLOOK
Our average utilisation rates over 2024 first 9
months (86.2% for the Freight Railcars, 97.5% for the River Barges
and 96.8% for the Containers) demonstrate the recurrence of the
TOUAX’s business model and the resilience of the economies where we
operate.
Our activities should grow overall, except in
Europe that is impacted by the slowdown in its manufacturing
activities, particularly in Germany.
The Asset Management business on behalf of
third-party investors continues to grow, driven by the investor’s
interest in leasing investments strategies for tangible assets
linked to transport infrastructure.
With its expertise in the intermodal, rail and
river transport sectors, TOUAX is at the heart of sustainable
transport and continues to increase its commitment to Corporate and
Social Responsibility, for a low-carbon economy.
UPCOMING EVENTS
- 20 March 2025: Press Release on
2024 annual results (French / English)
- 20 March 2025: Presentation of 2024
annual results in Paris (in French)
- 21 March 2025: Presentation of 2024
annual results (video conference in English)
- 12 June
2025: Annual
General Meeting
TOUAX Group leases out
tangible assets (freight railcars, river barges and containers) on
a daily basis worldwide, both on its own account and for investors.
With €1.2 billion of assets under management, TOUAX is one of the
leading European players in the leasing of such equipment.
TOUAX is listed on the
EURONEXT stock market in Paris - Euronext Paris Compartment C (ISIN
code: FR0000033003) - and is listed on the CAC® Small, CAC® Mid
& Small and EnterNext©PEA-PME 150 indices.
For further
information please visit: www.touax.com
Contacts :
TOUAX SEITOSEI
● ACTIFIN
Fabrice & Raphaël
WALEWSKI Ghislaine
Gasparetto
touax@touax.com ghislaine.gasparetto@seitosei-actifin.com
www.touax.com Tel :
+33 1 56 88 11 22
+33 1 46 96 18 00
APPENDIX
Accounting presentation of revenue from
activities
|
Revenue from activities |
Q1 2024
|
Q2 2024
|
Q3 2024
|
9 months 2024
|
Q1 2023
|
Q2 2023
|
Q3 2023
|
9 months 2023
|
|
(in € thousand) |
|
Leasing revenue on owned equipment |
19,381 |
18,108 |
17,524 |
55,013 |
17,139 |
17,510 |
17,412 |
52,061 |
|
Ancillary services |
3,644 |
4,522 |
3,884 |
12,050 |
6,436 |
5,201 |
6,236 |
17,873 |
|
Sales of owned equipment |
12,213 |
15,898 |
18,806 |
46,917 |
13,053 |
16,895 |
13,024 |
42,972 |
|
Total of owned activity |
35,238 |
38,528 |
40,214 |
113,980 |
36,628 |
39,606 |
36,672 |
112,906 |
|
Total of management activity |
9,887 |
13,631 |
9,213 |
32,731 |
10,718 |
12,053 |
9,937 |
32,708 |
|
Other capital gains on disposals |
0 |
5 |
-1 |
4 |
1 |
1 |
0 |
1 |
|
Total Others |
0 |
5 |
-1 |
4 |
1 |
1 |
0 |
1 |
|
Total Revenue from activities |
45,125 |
52,164 |
49,426 |
146,715 |
47,347 |
51,660 |
46,609 |
145,615 |
Table showing the transition from
summary accounting presentation to restated
presentation:
|
Revenue from activities |
9M 2024
|
Retreatment
|
Retreated |
9M 2023
|
Retreatment
|
Retreated |
|
(in € thousand) |
9M 2024 |
9M 2023 |
| Leasing
revenue on owned equipment |
55,013 |
|
55,013 |
52,061 |
|
52,061 |
|
Ancillary services |
12,050 |
-2,007 |
10,043 |
17,873 |
-3,273 |
14,600 |
|
Sales of owned equipment |
46,917 |
|
46,917 |
42,972 |
|
42,972 |
|
Total of owned activity |
113,980 |
-2,007 |
111,973 |
112,906 |
-3,273 |
109,633 |
|
Total of management activity |
32,731 |
-23,187 |
9,544 |
32,708 |
-25,858 |
6,850 |
| Other capital
gains on disposals |
4 |
|
4 |
1 |
|
1 |
|
Total Others |
4 |
0 |
4 |
1 |
0 |
1 |
|
Total Revenue from activities |
146,715 |
-25,194 |
121,521 |
145,615 |
-29,131 |
116,484 |
1 Business volume is
equivalent to the restated revenue from activities
2 The key indicators in the Group’s
activity report are presented differently from the IFRS income
statement, to enable an understanding of the activities’
performance. As such, no distinction is made in third-party
management, which is presented solely in agent form. This
presentation has no impact on operational EBITDA, operating income,
or net income. The accounting presentation of revenue from
activities is presented in the appendix to the press release.
3 Based on a comparable structure and
average exchange rates at 30 September 2023
- TOUAX Press Release Activity Q3 2024 vf
Touax (EU:TOUP)
過去 株価チャート
から 11 2024 まで 12 2024
Touax (EU:TOUP)
過去 株価チャート
から 12 2023 まで 12 2024
