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20 February 2020 The on-line newspaper devoted to the world of transports 21:14 GMT+1



February 12, 2020

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Original news
Textainer's financial performance is positive

Slight decrease in revenues in the last two quarters of the year 2019

In the fourth quarter of 2019, the company's revenues rental and marketing of Textainer containers have decreased -3.5% compared to the corresponding period of the previous year 151.5 million dollars, of which 127.3 million dollars generated by the rental of the fleet owned by the group (-1.9%) and 24.2 million dollars from the container fleet managed by the group (-11.5%). Reducing operating costs, thanks to the contribution of extraordinary voices, it has been more and the total expenditure was 93.9 million 17.6%. Operating profit was 64.6 MILLION dollars (14.6%) net profit at 28.8 million 135.1%).

In the full year of 2019, revenues amounted to USD 619.8 million, an increase of 1.2% on the financial year of which 517.9 million dollars produced by the rental group-owned container fleet (3.3%) And USD 101.9 million from fleet rental under management (-8,5%). Operating costs decreased by -7.0% to 433.5 million of dollars. Operating profit was 222.7 million dollars (14.5%) and net income of 56.7 million dollars (
12,6%).

At the end of 2019, the size of the container fleet of the group amounted to 3.5 million teu, up 4.4% on the December 31, 2018.

Commenting on these results, the president and administrator Textainer's delegate, Olivier Ghesquiere, pointed out that The company expects a continuation of the positive trend performance, in particular thanks to a market recovery in which planned in the second half of this year and towed expected return of seasonal demand, but also because the fundamentals on which the activity is based remain positive.


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