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10 Apr 2012

Q1 Operating Results

"TransContainer" announces its preliminary operating results for the first quarter of 2012

RNS Number : 0092B
OJSC Transcontainer
10 April 2012
 

JSC TransContainer
 
OPERATING RESULTS FOR THE FIRST QUARTER OF 2012
Open Joint Stock Company "TransContainer" ("TransContainer" or the "Company") (LSE: TRCN) announces its preliminary operating results for the first quarter of 2012. The operating results reflect sustainable development of the Company's business amid continuing market growth.
Rail 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
The Company's rail container transportation volumes for the first quarter of 2012 increased by 10.7% to 347 thousand twenty-foot equivalent units ("TEU") compared to 313 thousand TEU for the same period of 2011. This was mainly due to 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
transportation which grew by 17.4% and 4 times respectively, while Import-bound container traffic, as indicated in the respective waybill.
import transportation
volumes decreased by 8.4%. A decrease in import transportation, which is the most competitive segment of the market, was mainly driven by the Company's 6% price hike undertaken in December 2011 to boost its financial results.
Transportation of containers by TransContainer's fleet in 1Q 2012 (ISO Loaded + Empty), 000' TEU
 1Q 2011 1Q 2012 Change
   000' TEU Percent
Domestic Routes 179.1 186.8 +7.7 +4.3%
Export 77.2 90.6 +13.4 +17.4%
Import 51.5 47.2 -4.3 -8.4%
Transit 5.5 22.2 +16.7 +304.7%
All Routes 313.2 346.8 +33.6 +10.7%
 
The Company's revenue-generating container transportation* volumes grew by 12.5% to 260 thousand TEU in the first quarter of 2012 from 231 thousand TEU in the first quarter of 2011.
TransContainer's estimated share in Russia's rail container transportation decreased to 50% in 1Q 2012 as compared to the full year 2011 estimate of 51%.
__________
* transportation of clients' containers and own loaded containers
 
Terminal handling
Throughput of the Company's 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 in Russia in the first quarter of 2012 dropped by 9.1% to 335 thousand TEU compared to 368 thousand TEU for the same period of 2011. This decrease is mainly due to continuing fade out of medium-duty containers (A medium duty container of an outdated local standard for Russia and former Soviet Union states, designed to carry loads not exceeding 5 tons.
MDC
) - MDC handling volumes dropped by 41.6% from 63 thousand TEU to 37 thousand TEU. ISO container handling decreased by 2.4% to 298 thousand TEU in the first quarter of 2012 from 305 thousand TEU in the first quarter of 2011, mainly due to the decline in the Company's import transportation volumes handled mostly at Company's terminals.
 
Asset utilisation
In the first quarter of 2011 A specialised type of rolling stock designed to carry ISO containers.
flatcar
empty runs improved considerably. Growth in container 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 and turnover period reflects the relocation of the Company's fleet in 1Q 2012, in anticipation of growth in demand for container transportation in the second quarter of 2012.
 1Q 2011 1Q 2012
Turnover of containers, days 22.4 23.1
Turnover of flatcars, days 13.6 13.6
  
Empty run* for containers, % 36.1% 39.3%
Empty run* for flatcars, % 8.9% 6.8%
* Empty run ratio is calculated as an average empty run in kilometers divided by an average total run in
   kilometers
 
10 April 2012
 
Enquiries:
 
TransContainer 
Andrey Zhemchugov, Director, Capital Markets and Investor Relations  +7 (499) 262 8506
E-mail ir(at)remove-this.trcont.ru
Website www.trcont.ru

 
College Hill 
Tony Friend / Alexandra Roper +44 (0)20 7457 2020
 
 

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

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