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18 August 2022 The on-line newspaper devoted to the world of transports 18:13 GMT+2

August 2, 2022

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Original news
Seventh consecutive quarter of financial performance record for Textainer

In the period April-June revenues have increased by +8.4%

In the second quarter of 2022, for the seventh quarter consecutively, container charterer Textainer has established the own new record of quarterly revenues having recorded a turnover of 203,2 million dollars, with an increase of +8.4% on the second quarter of last year, of which 190.5 million dollars from the management of owned containers of the company (+10.5%) and 12.7 million from the management of containers of third parties (-15.4%). Still new records were also marked EBITDA of $191.1 million (+7.1%), from the operating profit of 122.8% million (+11.7%) and net profit totalling 83.6 million of dollars (+9.9%).

Commenting on the quarter's results, the president and Managing Director of Textainer, Olivier Ghesquiere, has noted that the containerised shipping sector continues to be characterized by congestion, with a 12%-14% of the total capacity of the container ships that believes it is currently blocked due to bottlenecks logistics, staff shortages and Covid lockdowns. "In this context, however," Ghesquiere specified, "the shipping companies have reduced the taking over of new containers and are holding equipment already in service since they now operate with sufficient stocks. We recorded - he specified - only a limited increase in returns mostly of old containers that have been places for sale and that helped us to make a profit record $23 million from container sales during the quarter'.

As of June 30, the size of the container fleet of the company had risen to the record share of over 4.5 million teu (+9.9%).

ADSP Tirreno Centrale
PSA Genova Pra

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