Independent journal on economy and transport policy
11:28 GMT+1
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The 2015 have revealed a difficult year for the chartering society Textainer container
In 2016 an ulterior contraction of the economic results is attended
February 11, 2016
The 2015 have been shut in the worse one of the ways for the society of intermodal chartering of container Textainer, that it has archived item the fourth trimester of the year recording a decrease of the -10,0% of the revenues, attesting to 129,3 million dollars regarding 143,6 million dollars in the last trimester of 2014, and with decrease of the -44,5% and the -49,5% of the operating profit and the profit clearly, come down respective to 37,8 million dollars and 21,4 million dollars.
In the entire exercise the 2015 company, that a fleet of container of the consistency is world leader of own field having pairs to beyond 3,1 million teu, has totaled a profit clearly of 106,9 million dollars on revenues for 542,2 million dollars, with bendings respective of the -43,6% and the -3,7% on 2014. The operating profit is piled to 210,3 million dollars (- 22.6%).
Today the managing director of manifest Textainer less optimism on the evolution of the market respect to some months ago: "2015 - Philip K. Brewer has explained - a very challenging year has been revealed. The prices container - it has specified - are come down of about 25% in the course of 2015 to root cause of the decrease of the prices of the steel and the limited question of new containers. The decrease of the new prices of the container and the low interest rates has determined decreases of the rates of chartering and inferior prices of resale. Moreover - it has added Brewer - we have recorded a decrease of the question by our customers since the increase of the commercial exchanges has been inferior to the waits".
"Our results - it has continued Brewer - negatively are influenced by an increase of the losses of value of the containers on sale because of the concomitanza of smaller an increase and selling prices of the container amount you mail on sale. When a container is given back to us by a navigation company - it has clarified the CEO of Textainer - decides if to sell it or to hold it on the base of the conditions of the container, of where the age is localized and its. If we decide to sell the container, quickly we devaluate its value at the price of sales estimate, even if in that moment we cannot sell the container and if we can move it in another resort in which it is sold for a different price. We consider - it has emphasized Brewer - than our politics offers to the investor a more exact perception of our performances".
Brewer previews that in the 2016 difficulty of the market they will last to cause - she has explained - "of many of the same reasons that have had an impact on the results of 2015. An increase of the performances - it has added - depends in great part from a rise of the question, the increase of the prices of the container and from the interest rates, and nothing of this seems will happen soon. The value of the charterings finished whose expiration is extended will continue to being see again to the decrease and probably the adjustment of the value of the container will continue to being high until that an increase of the resale prices will not happen. We - he has concluded Brewer - consider that in 2016 this together of factors he will determine a reduction of the financial results".
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