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Touax SCA (TOUP.PA)

Paris - Paris Delayed price. Currency in EUR
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8.70-0.10 (-1.14%)
As of 10:53AM CEST. Market open.
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Previous close8.80
Open8.78
Bid0.00 x 0
Ask0.00 x 0
Day's range8.62 - 8.78
52-week range3.21 - 10.50
Volume7,005
Avg. volume17,738
Market cap60.958M
Beta (5Y monthly)2.03
PE ratio (TTM)10.36
EPS (TTM)0.84
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date30 Dec 2014
1y target est9.40
  • Globe Newswire

    Touax: Q1 2021 restated revenues from activities

    PRESS RELEASE Paris, 14 May 2021 – 5.45 p.m. YOUR OPERATIONAL LEASING SOLUTION FOR SUSTAINABLE TRANSPORTATION Q1 2021 restated revenues from activities Restated revenues from activities amounted to €24.6m in Q1 2021, stable in constant dollars compared to the same period in 2020.Favourable outlook with a significant order book New segmentation of revenues between owned activities and management activities. In order to enable a more detailed and more accurate reading of its activities, the Group decided to update the key indicators of its quarterly report: Revenues from activities are restated in order to present owned activities separately from management activities. For management activities, leasing revenue from investor-owned equipment is replaced by management fees, which correspond to the net contribution of the leasing management activity to the Group's performance. This presentation shows syndication fees, sales fees and now management fees, grouped together under management activity, separate from owned activity. The accounting presentation of revenue from activities and the contribution by division is presented in the appendix to the press release. ANALYSIS OF Q1 2021 REVENUES FROM ACTIVITIES The restated presentation of revenues from activities is as follows: Restated Revenue from activities(in € thousand) Q1 2021 Q1 2020 variation variation % Leasing revenue on owned equipment13,22913,426-197-1.5%Ancillary services 2,7453,044-299-9.8%Total leasing activity15,97416,470-496-3.0%Sales of owned equipment7,0855,8721,21320.7%Total sales of equipment7,0855,8721,21320.7%Total of owned activity23,05922,3427173.2%Syndication fees17232-215-92.7%Management fees (a)897937-40-4.3%Sales fees5912,128-1,537-72.2%Total of management activity1,5053,297-1,792-54.4% Other capital gains on disposals015-15-100.0%Total Others015-15-100.0%Total Restated Revenue from activities24,56425,654-1,090-4.2% (a) The “leasing revenue from investor-owned equipment” is replaced by “management fees”. The total restated revenues from activities in Q1 2021 amounted to €24.6 million, €25.4 million at constant scope and currency1, compared to €25.7 million at the same period in 2020. Owned activities increased by €0.7 million, with an increase in the sales of owned equipment, particularly in modular buildings, offset by a decline in leasing activity, particularly in river barge freight activity. Management activity decreased by €1.8 million, with a decline in sales volumes of investor-owned equipment, due to the seasonality of these sales and the shortage of containers. ANALYSIS OF THE CONTRIBUTION BY DIVISION Restated Revenue from activities(in € thousand) Q1 2021 Q1 2020 variation variation % Leasing revenue on owned equipment9,1529,199-47-0.5%Ancillary services 1,8731,46241128.1%Total leasing activity11,02510,6613643.4%Sales of owned equipment320939-619-65.9%Total sales of equipment320939-619-65.9%Total of owned activity11,34511,600-255-2.2%Syndication fees0214-214-100.0%Management fees (a)4633739024.1%Total of management activity463587-124-21.1%Freight railcars11,80812,187-379-3.1%Leasing revenue on owned equipment1,6881,636523.2%Ancillary services 6831,246-563-45.2%Total leasing activity2,3712,882-511-17.7%Sales of owned equipment410410.0%Total sales of equipment410410.0%Total of owned activity2,4122,882-470-16.3%Management fees (a)6060.0%Total of management activity6060.0%River barges2,4182,882-464-16.1%Leasing revenue on owned equipment2,3842,578-194-7.5%Ancillary services 191285-94-33.0%Total leasing activity2,5752,863-288-10.1%Sales of owned equipment3,4804,064-584-14.4%Total sales of equipment3,4804,064-584-14.4%Total of owned activity6,0556,927-872-12.6%Syndication fees1718-1-5.6%Management fees (a)428564-136-24.1%Sales fees5912,128-1,537-72.2%Total of management activity1,0362,710-1,674-61.8%Containers 7,0919,637-2,546-26.4%Leasing revenue on owned equipment513-8-61.5%Ancillary services -251-53-103.9%Total leasing activity364-61-95.3%Sales of owned equipment3,2448692,375273.3%Total sales of equipment3,2448692,375273.3%Total of owned activity3,2479332,314248.0%Other capital gains on disposal 015-15-100.0%Total Others015-15-100.0%Miscellaneous and eliminations3,2479482,299242.5% Total Restated Revenue from activities24,56425,654-1,090-4.2% (a) The “leasing revenue from investor-owned equipment” is replaced by “management fees”. The Freight Railcar activity fell slightly with lower sales but an increase in leasing activity: Owned activity decreased with the decline in sales of owned equipment, partially offset by the increase in owned leasing activity.Management activity declined with the lack of syndication in Q1 2021 while management fees increased following the syndications in 2020. The River Barge activity decreased given the ancillary services that posted lower freight revenues over the period, but the average utilisation rate increased to 99.2%. The Containers activity declined, with a conversion impact linked to the fall in the dollar and temporarily lower equipment sales. The average utilisation rate over the period was 99.6% vs. 95.7% in the first three months of 2020 reflecting the shortage of containers, resulting in lower availability of containers for sale. Management fees decreased with the fall in the dollar but also due to a lower volume of containers under management following the disposal of investor-owned equipment in 2020. The Modular Buildings activity in Africa, which is presented under “Miscellaneous”, increased with major deliveries made during Q1 2021. OUTLOOK The effects of the health crisis remained limited in Q1 2021. The shortage of containers and its limited production resulted in a lower level of sales. Touax is pursuing its strategy of investing in owned equipment and equipment under management in all its businesses with a significant order book in the process of delivery for more than €100 million. Its three long-term equipment leasing businesses for sustainable transportation that respect the environment continue to be resilient and promising. The outlook is favourable with an expected gradual increase in the restated revenue from activities. From a structural and medium to long-term perspective, Europe's “Green Deal” together with the various stimulus packages in the infrastructure sector announced by governments and the tendency towards outsourcing should continue to underpin investment in our asset classes. UPCOMING EVENTS 23 June 2021: Annual General Meeting22 September 2021 after market close: H1 2021 results TOUAX Group leases out tangible assets (freight railcars, river barges and containers) on a daily basis worldwide, both on its own account and for investors. With nearly €1.1 billion under management, TOUAX is a European leader in the leasing of this type of equipment. TOUAX is listed on the EURONEXT stock market in Paris - Euronext Paris Compartment C (ISIN code: FR0000033003) - and is listed on the CAC® Small, CAC® Mid & Small and EnterNext©PEA-PME 150 indices. For more information: www.touax.com Contacts: TOUAX ACTIFIN Fabrice & Raphaël Walewski Ghislaine Gasparetto touax@touax.com ggasparetto@actifin.fr www.touax.com Tel: +33 1 56 88 11 11 Tel: +33 1 46 96 18 00 APPENDIX 1: Accounting presentation of revenue from activities Summary accounting presentation Revenue from activities(in € thousand) Q1 2021 Q1 2020 Leasing revenue on owned equipment13,22913,426Leasing revenue on managed equipment 11,07213,681Ancillary services 3,0844,579Management fees on managed assets15781Total leasing activity27,54231,767Sales of owned equipment7,0855,872Margins on sale of managed equipment5912,128Total sales of equipment7,6768,000Fees on syndication 17232Other capital gains on disposals015Total Others17247Total Revenue from activities35,23540,014 Revenues from activities are mainly affected by the decrease in leasing revenue from investor-owned equipment whose impact is limited to the decrease in restated management fees. Table for the transition from summary accounting presentation to restated presentation Revenue from activities(in € thousand) Q1 2021 Restatement Restated Q1 2021 Q1 2020 Restatement RestatedQ1 2020 Leasing revenue on owned equipment13,229 13,22913,426 13,426Ancillary services 3,084-3392,7454,579-1,5343,045Total leasing activity16,313-33915,97418,005-1,53416,471Sales of owned equipment7,085 7,0855,872 5,872Total sales of equipment7,08507,0855,87205,872Total of owned activity23,398-33923,05923,877-1,53422,343Leasing revenue on managed equipment 11,072-11,072013,681-13,6810Fees on syndications17 17232 232Management fees on managed assets15774089781855936Margins on sale of managed equipment591 5912,128 2,128Total of management activity11,837-10,3321,50516,122-12,8253,297Other capital gains on disposals0 015 15Total Others00015015Total Restated Revenue from activities35,235-10,67124,56440,014-14,35925,655 APPENDIX 2: Accounting presentation of the contribution by division Revenue from activitiesQ1 2021 Q1 2020 (in € thousand)Leasing revenue on owned equipment9,1529,199Leasing revenue on managed equipment 3,3573,483Ancillary services2,0071,619Management fees on managed assets12453Total leasing activity 14,64014,354Sales of owned equipment320939Total sales of equipment 320939Fees on syndication 0214Total Others0214Freight railcars14 96015,507Leasing revenue on owned equipment1,6881,636Ancillary services6831,246Management fees on managed assets60Total leasing activity2,3772,882Sales of owned equipment410Total sales of equipment 410River barges2,4182,882Leasing revenue on owned equipment2,3842,578Leasing revenue on managed equipment7,71510,198Ancillary services3961,663Management fees on managed assets2728Total leasing activity 10,52214,467Sales of owned equipment3,4804,064Margins on sales of managed equipment5912,128Total sales of equipment 4,0716,192Fees on syndication 1718Total Others1718Containers14,61020,677Leasing revenue on owned equipment513Ancillary services(2)51Total leasing activity 364Sales of owned equipment3,244869Total sales of equipment 3,244869Other capital gains on disposal015Total Others015Miscellaneous and eliminations3,247948 Total revenue from activities35,23540,014 1 Based on a comparable structure and average exchange rates in Q1 2020 Attachment EN TOUAX PR 14 05 2021 - Q1 2021 Results

  • Globe Newswire

    Touax: share capital and voting rights at April 30, 2021

    REGULATED INFORMATION Paris, 11 May 2021 5:45 PM YOUR OPERATIONAL LEASING SOLUTION FOR SUSTAINABLE TRANSPORTATION Disclosure of Share Capital and Voting Rights Disclosure of Share Capital and Voting Rights pursuant to Article L.233-8 II of the French Commercial Code and Article 223-16 of the General Regulations of the Autorité des Marchés Financiers. Register name of the issuer: TOUAX SCA (Euronext Paris: TOUP) DateTotal shares outstandingTotal voting rightsTotal exercisable voting rights*April 30, 20217,011,547 8,218,685 8,133,099 * excluding rights attached to shares held in treasury **************** TOUAX Group leases out tangible assets (freight railcars, river barges and containers) on a daily basis throughout the world, for its own account and on behalf of third party investors. With €1.1 billion under management, TOUAX is one of the European leaders in the operational leasing of this type of equipment. TOUAX SCA is listed in Paris on EURONEXT – Euronext Paris Compartment C (Code ISIN FR0000033003) and on the CAC® Small and CAC® Mid & Small indexes and in EnterNext PEA-PME. For more information: www.touax.com Contacts: TOUAX ACTIFINFabrice & Raphaël WALEWSKI Ghislaine GASPARETTOManaging Partners ggasparetto@actifin.frtouax@touax.com www.touax.com Tel: +33 (0)1 56 88 11 11Tel: +33 (0)1 46 96 18 00 Attachment Press release 11 May 2021 - share capital and voting rights at April 30, 2021

  • Globe Newswire

    Touax: ERRATUM Details on the reading of the 2020 revenues from activities previously published in the Press Release of March 24, 2021

    PRESS RELEASE Paris, March 29, 2021 – 5.45 p.m. THE OPERATIONAL LEASING SOLUTION FOR SUSTAINABLE TRANSPORTATION ERRATUM Details on the reading of the 2020 revenues from activities previously published in the Press Release of March 24, 2021 Touax is publishing today details on the table of revenue from activities by quarter and by division published in the appendix to the press release of March 24, 2021 on FY 2020 results, for the River Barges and Containers divisions. The specified table is below: ANALYSIS OF CONTRIBUTION BY DIVISION Revenue from activities (in € thousands) Q1 2020 Q2 2020 Q3 2020 Q4 2020 TOTAL Q1 2019 Q2 2019 Q3 2019 Q4 2019 TOTAL Leasing revenue on owned equipment 9,198 9,118 8,910 8,860 36,086 8,517 9,287 9,007 9,564 36,375 Leasing revenue on managed equipment 3,483 3,369 3,329 3,377 13,558 3,422 3,507 3,453 3,460 13,842 Ancillary services 1,619 2,137 1,845 1,149 6,750 1,456 2,094 1,952 2,664 8,166 Management fees on managed assets 53 57 73 87 270 Total leasing activity 14,353 14,681 14,157 13,473 56,664 13,395 14,888 14,412 15,688 58,383 Sales of owned equipment 939 662 354 141 2,096 88 61 677 838 1,664 Total sales of equipment 939 662 354 141 2,096 88 61 677 838 1,664 Fees on syndication 214 232 746 1,192 1,076 1,076 Freight railcars 15,506 15,575 14,511 14,360 59,952 13,483 14,949 15,089 17,602 61,123 Leasing revenue on owned equipment 1,636 1,626 1,755 1,638 6,655 1,618 1,747 1,743 1,510 6,618 Ancillary services 1,246 439 1,063 1,319 4,067 1,222 1,146 1,502 1,187 5,057 Total leasing activity 2,882 2,065 2,818 2,957 10,722 2,840 2,893 3,245 2,697 11,675 Sales of owned equipment 56 56 42 106 148 Total sales of equipment 56 56 42 106 148 Fees on syndication 1,046 1,046 River barges 2,882 2,065 2,818 4,059 11,824 2,882 2,893 3,245 2,803 11,823 Leasing revenue on owned equipment 2,578 2,581 2,335 2,054 9,548 1,558 1,331 2,356 2,339 7,584 Leasing revenue on managed equipment 10,198 9,370 8,453 8,181 36,202 13,119 12,531 11,726 11,605 48,981 Ancillary services 1,662 2,041 2,469 1,432 7,604 1,818 1,490 2,168 2,786 8,262 Management fees on managed assets 28 28 28 27 111 Total leasing activity 14,466 14,020 13,285 11,694 53,465 16,495 15,352 16,250 16,730 64,827 Sales of owned equipment 4,065 4,192 6,344 6,409 21,010 1,833 3,009 3,416 3,425 11,683 Margins on sales of managed equipment 2,128 874 786 581 4,369 831 1,697 1,625 741 4,894 Total sales of equipment 6,193 5,066 7,130 6,990 25,379 2,664 4,706 5,041 4,166 16,577 Fees on syndication 18 13 17 48 389 (7) 8 390 Containers 20,677 19,086 20,428 18,701 78,892 19,548 20,051 21,299 20,896 81,794 Leasing revenue on owned equipment 13 11 12 19 55 24 22 14 18 78 Ancillary services 51 (129) (1) (202) (281) 22 2 (8) (134) (118) Total leasing activity 64 (118) 11 (183) (226) 46 24 6 (116) (40) Sales of owned equipment 868 2,362 4,219 5,501 12,950 1,308 3,855 511 8,179 13,853 Total sales of equipment 868 2,362 4,219 5,501 12,950 1,308 3,855 511 8,179 13,853 Other capital gains on disposal 15 1 16 456 456 Miscellaneous and eliminations 947 2,244 4,230 5,319 12,740 1,354 4,335 517 8,063 14,269 Total revenue from activities 40,012 38,970 41,987 42,439 163,408 37,267 42,228 40,150 49,364 169,009 UPCOMING EVENTS May 14, 2021: Q1 2021 Revenue from activitiesJune 23, 2021: Annual General Meeting TOUAX Group leases out tangible assets (freight railcars, river barges and containers) on a daily basis worldwide, both on its own account and for investors. With nearly €1.1 billion under management, TOUAX is a European leader in the leasing of this type of equipment. TOUAX is listed on the EURONEXT stock market in Paris - Euronext Paris Compartment C (ISIN code: FR0000033003) - and is listed on the CAC® Small, CAC® Mid & Small and EnterNext©PEA-PME 150 indices. For more information: www.touax.com Contacts: TOUAX ACTIFIN Fabrice & Raphaël Walewski Ghislaine Gasparetto touax@touax.com ggasparetto@actifin.fr www.touax.com Tel: +33 1 56 88 11 11 Tel: +33 1 46 96 18 00 Attachment EN TOUAX PR 29 March 2021 - ERRATUM FY 2020 Results