Independent journal on economy and transport policy
07:11 GMT+1
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SUCH International has closed the first trimester of 2014 with a profit clearly of 30,0 million dollars (- 20.0%)
the revenues have grown of +0.8% to 157,2 million dollars
April 24, 2014
In the first trimester of the 2014 American society of chartering and intermodal sale of container SUCH International has recorded a profit clearly of 30,0 million dollars, with a bending of the -20,0% regarding 37,5 million dollars in the first three months last year. and the operating profit is piled to 75,2 million dollars (- 10.1%). EBITDA and adjusted EBITDA has been attested respective to 128,6 million dollars (- 5.5%) and 141,0 million dollars (- 0.6%).
"In the first trimester of 2014 - it has found the president and CEO of SUCH International, Brian M. Sondey - SUCH it has achieved remarkable operating and financial results. We continue to benefit of a rate much high one of I use of the fleet. In the first trimester - it has specified - our medium rate I use has been of 97.1% and also currently it is attested to 97.1%". With respect to the situation of the market in which work the American company, Sondey has explained that the scene is changing: "in the first months of the 2014 - it has observed - question of chartering it has been better of the previewed one and we have recorded unusual an important resumption of the volumes to January. The activity quickly has a slow down in February after the lunar New Year's Day, but it is newly growing starting to us in according to trimester. For the remainder of the year - it has added Sondey - we expect that the chartering question will be supported by a moderated increase of the commercial exchanges and by a prosecuzione of the displacement of a market share towards the leasing. The majority of the observatories of the field previews a total increase of the containerized trade, with a light improvement regarding last year and currently Alphaliner shows an increase of 4.5% in 2014. Moreover we consider that many of our customers will continue to being cautious with regard to the purchase of a large number of new container, what that determines a limitation of the total production of container and increases our new opportunities of investment".
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In the first trimester of the 2014 American society of chartering and intermodal sale of container SUCH International has recorded a profit clearly of 30,0 million dollars, with a bending of the -20,0% regarding 37,5 million dollars in the first three months last year. and the operating profit is piled to 75,2 million dollars (- 10.1%). EBITDA and adjusted EBITDA has been attested respective to 128,6 million dollars (- 5.5%) and 141,0 million dollars (- 0.6%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
