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Global Reach
20 Apr 2017

OPERATING RESULTS FOR THE FIRST QUARTER OF 2017

RNS Number : 7991C

 

Public Joint Stock Company "TransContainer" ("TransContainer" or the "Company") (LSE: TRCN) announces its preliminary operating results for the first quarter of 2017. The positive operating results were mainly influenced by the continuing recovery of the Russian Transportation equipment for shipping cargo via various means of transport. Containers are durable enough for repeated use and can be stacked. Containers are divided into medium-duty (three- and five-tonne), which conform to former Soviet Union standards and are still used for shipments in Russia and the CIS, and ISO (20- and 40-foot) containers, which are used for Russian and international shipments. The universal standard unit TEU (twenty-foot equivalent unit) was introduced to measure transport flow volumes.
container
transportation market amid an improving macroeconomic environment, as well as a considerable increase in international A form of payment for sea transportation of cargo, or the use of a ship for a certain period of time. Freight payment is determined by the volume of cargo delivered to the destination
or by the volume of cargo loaded onto the ship.
freight
flows and The use of containers for cargo transportation, supply and storage.
containerisation
of domestic transportation.

Market overview

Russia's container market continued to demonstrate strong performance in the first quarter of 2017, marking the fourth consecutive quarter of growth after the last market contraction phase. The rail container transportation volumes in Russia were up 22.4% year-on-year and reached a historical high 1Q-volume of 894 thousand twenty-foot equivalent units ("TEU"). Domestic transportation increased by 12.0% year-on-year, while growth in international transportation was up 33.4% year-on-year and Freight passing from one country to another through a third country. Whether cargo is permitted to transit a certain country and under what terms is subject to trade agreements and treaties between countries. Direct transit is when foreign goods are shipped under tariff protection, without holding at a customs warehouse; indirect transit is when goods arrive at customs warehouses and are then transported abroad.
transit
volumes almost doubled.

Russian Rail Container Transportation Market in 1Q 2017 (ISO Loaded + Empty), 000' TEU

1Q 2017

1Q 2016

Change

000' TEU

Percent

Domestic Routes

419.2

374.3

+44.9

+12.0%

Export

236.7

192.9

+43.7

+22.7%

Import

160.7

119.4

+41.3

+34.6%

Transit

77.2

43.3

+33.9

+78.2%

All Routes

893.7

729.9

+163.8

+22.4%

 

Rail container transportation

In the reporting quarter, container volumes transported by the Company's flatcars and containers (including provision of the Company's containers to the third-party flatcars) grew by 23.7% year-on-year to 424 thousand TEU. The fastest growing segments were transit and Import-bound container traffic, as indicated in the respective waybill.
import transportation
, which grew by 55.1% and 39.8%, respectively.

Transportation of containers using TransContainer's assets in 1Q 2017 (ISO Loaded + Empty), 000' TEU

1Q 2017

1Q 2016

Change

000' TEU

Percent

Domestic Routes

213.7

187.7

+26.0

+13.9%

Export

112.8

87.0

+25.8

+29.6%

Import

73.9

52.9

+21.1

+39.8%

Transit

23.1

14.9

+8.2

+55.1%

All Routes

423.6

342.5

+81.1

+23.7%

 

Container volumes transported by the Company's A specialised type of rolling stock designed to carry ISO containers.
flatcar
fleet in the first quarter of 2017 increased by 24.2% year-on-year to 394 thousand TEU from 317 thousand TEU a year earlier. The Company's revenue-generating[1] Transportation equipment for shipping cargo via various means of transport. Containers are durable enough for repeated use and can be stacked. Containers are divided into medium-duty (three- and five-tonne), which conform to former Soviet Union standards and are still used for shipments in Russia and the CIS, and ISO (20- and 40-foot) containers, which are used for Russian and international shipments. The universal standard unit TEU (twenty-foot equivalent unit) was introduced to measure transport flow volumes.
container

transportation volumes in Russia amounted to 331 thousand TEU in the first quarter of 2017, up 26.4% year-on-year.

Terminal handling

In the first quarter of 2017, the Company's throughput in the Russian rail A place equipped for the trans-shipment and storage of containers. A container terminal
typically includes one or more container yards. Rail-based container terminals are equipped with spur tracks for loading and unloading containers to/from railroad platforms (cars).
container terminal
network amounted to 290 thousand TEU, up 8.9% year-on-year, as the key beneficiaries from the continuing market growth in the reporting period were shippers' handling facilities (+22.6%) and ports (+27.9%) servicing international transportation volumes.

Asset utilisation 

In the first quarter of 2017, A specialised type of rolling stock designed to carry ISO containers.
flatcar
and container turnover significantly improved on the back of the fast market recovery and the Company's efforts to boost the fleet management efficiency.

1Q 2017

1Q 2016

Turnover of containers, days

41.2

42.5

Turnover of flatcars, days

12.1

15.7

For containers - transporting an empty container on a flatcar, for flatcars – a flatcar run without container(s) or any non-container cargo.
Empty run
[2] for containers, %

31.8%

29.3%

For containers - transporting an empty container on a flatcar, for flatcars – a flatcar run without container(s) or any non-container cargo.
Empty run
for flatcars, %

8.2%

7.7%

 

Empty run ratios increased insignificantly both for flatcars and containers due to rebalancing of cargo flows towards the Far East of Russia.

 

Enquiries:

 

TransContainer

Andrey Zhemchugov,
First Deputy CFO

+7 495 637 9178      +7 495 609 6062

E-mail

IR@trcont.ru

Website

www.trcont.ru

Instinctif Partners

 

Galyna Kulachek/ Dinara Shikhametova

+44 (0) 20 7457 2020

About TransContainer

TransContainer (LSE ticker: TRCN) is the leading intermodal Transportation equipment for shipping cargo via various means of transport. Containers are durable enough for repeated use and can be stacked. Containers are divided into medium-duty (three- and five-tonne), which conform to former Soviet Union standards and are still used for shipments in Russia and the CIS, and ISO (20- and 40-foot) containers, which are used for Russian and international shipments. The universal standard unit TEU (twenty-foot equivalent unit) was introduced to measure transport flow volumes.
container
transportation company in Russia with a market share of approximately 47%. It is the market leader in Russia by A specialised type of rolling stock designed to carry ISO containers.
flatcar
fleet size, container transportation by rail and rail-side A place equipped for the trans-shipment and storage of containers. A container terminal
typically includes one or more container yards. Rail-based container terminals are equipped with spur tracks for loading and unloading containers to/from railroad platforms (cars).
container terminal
throughput. As at 31 March 2017, it owned and leased 23,432 flatcars and 68,453 ISO containers. TransContainer also owns a network of rail-side container terminals, located at 43 railway stations across Russia and operates one terminal in Slovakia under a long-term lease agreement. The Company's joint venture JSC Kedentransservice ("Kedentransservice", or "KDTS") also operates 19 inland rail-side terminals in Kazakhstan. The Company's sales network comprises of 115 sales outlets in Russia, along with additional outlets across the CIS, Europe and Asia. TransContainer is listed at Moscow Exchange and LSE. Company's major shareholder with 50% +2 shares is United Transportation and The process of organising a chain of delivery, and managing that chain in the broadest sense. This chain may encompass both deliveries of raw materials needed for production and management of material resources at an enterprise, delivery to warehouses and distribution centres, sorting, handling, and final distribution at the points of consumption. In the context of transportation services, the main service is that of delivering cargo across a delivery route.
Logistics
Company, established by Russian Railways, Belorussian Railway and Kazakhstan Temir Zholy.

 


[1] Transportation of clients' containers by the Company's Cars for carrying cargo or passengers designated for railway transportation.
rolling stock
and own loaded containers by its own and third-party flatcars

[2] The For containers - transporting an empty container on a flatcar, for flatcars – a flatcar run without container(s) or any non-container cargo.
empty run
ratio is calculated as an average empty run in kilometers divided by an average total run in kilometers

 


This information is provided by RNS

The company news service from the London Stock Exchange

 

END

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