Independent journal on economy and transport policy
12:58 GMT+1
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Textainer's financial performance was positive
Slight decrease in revenues in the last two quarters of 2019
February 12, 2020
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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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 (
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
