Independent journal on economy and transport policy
21:16 GMT+1
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In the third trimester the clearly recorded profit from SUCH International is diminished of -31,0%
the American company does not preview an improvement of the market in the short term
October 29, 2015
In the third trimester of this year the American society of chartering and intermodal sale of container SUCH International, that it has a fleet of the consistency pairs almost 2,5 million teu, has recorded a prosecuzione of the contraction of the economic results. The period has been archived item with a profit clearly of 22,5 million dollars, down of the -31,0% regarding 29,4 million dollars in the third trimester of 2014. The revenues generated from the employment of the container fleet are increased of +2.6% to 154,4 million dollars. The EBITDA has been attested to 127,9 million dollars (- 4.6%).
The president and managing director of the American company, Brian Sondey, have been said satisfied of the quarterly performances, than - he has evidenced - they are obtained in a context of difficult market. "In 2015 - it has explained - the conditions of the market have been difficult. SUCH has found a pressure on the prices of the charterings and for various years a decrease of the sales due to the price cutting of the new steel and the container, to the wide availability of financings to low cost and an aggressive competition. In the 2015 - it has still specified Sondey - pressure on the chartering rates collapse of 40% of the prices of the steel has been emphasized because of; moreover this year we are facing a question unusually lowland. In the 2015 increase of the traffics it has been disappointing, in particular relatively to the broken important of Asia-Europe traffic, and in the summery season the traditional peak of question of container for cargos has not been realized dries". Sondey has emphasized that this has had an impact negative on the employment of the fleet of container of the company and on the opportunities of investment, with a decrease of the new prices of the container and a reduction of the question of charterings that has determined also an increase of the dismissione of container and a price cutting of sale of second hand container.
SUCH previews that the current difficult conditions of the market will continue until the end of this year, conditions that give the third party to the fourth trimester will determine a decrease of the profit before taxes of the company.
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In the third trimester of this year the American society of chartering and intermodal sale of container SUCH International, that it has a fleet of the consistency pairs almost 2,5 million teu, has recorded a prosecuzione of the contraction of the economic results. The period has been archived item with a profit clearly of 22,5 million dollars, down of the -31,0% regarding 29,4 million dollars in the third trimester of 2014. The revenues generated from the employment of the container fleet are increased of +2.6% to 154,4 million dollars. The EBITDA has been attested to 127,9 million dollars (- 4.6%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
