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Global Reach
20 Oct 2016

Operating results for the third quarter and the nine month of 2016

RNS Number : 0050N

Public Joint Stock Company "TransContainer" ("TransContainer" or the "Company") (LSE: TRCN) announces its preliminary operating results for the third quarter and the first nine months of 2016.

Market overview  

Russia's 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
market continued to demonstrate robust performance in the third quarter of 2016. The rail container transportation volumes in Russia were up 12.4% year-on-year to 830 thousand twenty-foot equivalent units ("TEU") following a 13.2% growth in the second quarter of 2016. Domestic transportation increased by 10.4% year-on-year, while growth in international transportation accelerated to 14.6% year-on-year, mainly driven by an increase in export 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
segments.

For the first nine months of 2016, the Russian rail container market grew by 8.2% year-on-year to 2,368 thousand TEU. In terms of segment breakdown for the nine month period, domestic transportation volumes surged by 13.0% year-on-year, export transportation by 5.2% year-on-year and transit by 7.2% year-on-year, while Import-bound container traffic, as indicated in the respective waybill.
import transportation
volumes fell by 0.6% compared to the corresponding period of 2015.

Rail container transportation

In the reporting quarter, container volumes transported by the Company's flatcars and containers (including provision of own containers to the third party flatcars) surged by 12.9% year-on-year to 394 thousand TEU. The key growth drivers were domestic and export transportation, which grew by 12.0% and 24.9%, respectively.

Transportation of containers using TransContainer's assets in 3Q 2016 (ISO Loaded + Empty), 000' TEU

3Q 2016

3Q 2015

Change

000' TEU

Percent

Domestic Routes

225.0

200.9

+24.1

+12.0%

Export

85.7

68.6

+17.1

+24.9%

Import

64.3

61.5

+2.9

+4.7%

Transit

18.7

17.7

+1.0

+5.9%

All Routes

393.8

348.7

+45.1

+12.9%

 

Container volumes transported by the Company's A specialised type of rolling stock designed to carry ISO containers.
flatcar
fleet in the third quarter of 2016 increased by 5.3% year-on-year to 362 thousand TEU from 343 thousand TEU a year earlier. The Company's revenue-generating[1] container transportation volumes in Russia amounted to 307 thousand TEU in the third quarter of 2016, up 18.5% year-on-year.

For the first nine months of 2016, container volumes transported by the Company's flatcar and container fleet grew by 7.3% year-on-year to 1,118 thousand TEU, mainly as a result of an increase in domestic, export and import transportation. Transit volumes were down 25.1% year-on-year due to a reduced number of auto vehicles produced in Uzbekistan and Kazakhstan.

Transportation of containers using TransContainer's assets in 9m 2016 (ISO Loaded + Empty). 000' TEU

9m 2016

9m 2015

Change

000' TEU

Percent

Domestic Routes

636.9

578.6

+58.3

+10.1%

Export

262.5

237.6

+25.0

+10.5%

Import

169.2

159.5

+9.7

+6.1%

Transit

49.7

66.3

-16.6

-25.1%

All Routes

1,118.3

1,042.0

+76.3

+7.3%

 

Container volumes transported by the Company's flatcar fleet for the nine months of 2016 decreased by 0.3% year-on-year to 1,033 thousand TEU from 1,036 thousand TEU in the corresponding period of 2015. The Company's revenue-generating container transportation volumes in Russia amounted to 861 thousand TEU for the first nine months of 2016, up 10.7% year-on-year.

Terminal handling

In the third quarter of 2016, 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 319 thousand TEU, remaining at the level of the third quarter of 2015. For the first nine months of 2016, the Company's container terminal throughput was down 0.2% to 897 thousand TEU compared to 900 thousand TEU for the corresponding period of 2015. This resulted from a decrease in unloading of containers, which, in turn, associated with a slowdown in import transportation, as well as a decrease in marshalling of containers due to a higher share of block-train transportation.

Asset utilisation 

In the third quarter and the first nine months of 2016, flatcar 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 improved compared to the previous year, while container empty runs increased insignificantly. Flatcar turnover improved on the back of continuing market recovery, while the container turnover marginally deteriorated.  

3Q 2016

3Q 2015

9m 2016

9m 2015

Turnover of containers. days

32.7

31.7

35.8

34.4

Turnover of flatcars. days

13.5

15.1

14.1

15.2

Empty run[2] for containers. %

34.0%

33.8%

32.0%

31.1%

Empty run for flatcars. %

6.3%

7.3%

6.8%

7.3%

 

Enquiries:

 

TransContainer

Andrey Zhemchugov.
Director. Capital Markets and Investor Relations

+7 495 637 9178      
+7 495 609 6062

E-mail

IR@trcont.ru

Website

www.trcont.ru

Instinctif Partners

 

Galyna Kulachek / Catherine Hems

+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. 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 of 30 June 2016, it owns a network of 45 rail-side container terminals in Russia, 19 rail-side terminals in Kazakhstan (through its joint venture company KedenTransService) and operates one terminal in Slovakia. Company's sales network comprises about 120 sales offices across Russia as well as presence in 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 kilometres divided by an average total run in kilometres

This information is provided by RNSThe company news service from the London Stock Exchange 

END

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