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angle-left null PJSC TransContainer reports its financial results under IFRS for the third quarter and nine months of 2018
28.11.2018

PJSC TransContainer reports its financial results under IFRS for the third quarter and nine months of 2018

For the nine months of 2018 the Company’s net income increased by 28.1% on the year on year basis and amounted to RUB 6,643 million. Net income margin* improved from 25.4% for the nine months of 2017 to 29.6% for the reporting period.

In the third quarter of 2018 TransContainer’s net income was RUB 3,452 million, up 48.0% year on year. Net income margin grew from 31.6% to 41.2%, respectively.

The Company’s net income was positively impacted by growing transportation volumes performed by the Company’s fleet, favourable market environment, efficient empty runs management and improving labour productivity.

The Company’s total revenue for the nine months of 2018 was RUB 55,720 million, up 15.5% year on year. Adjusted revenue (revenue net of subcontractors’ charges) was up 9.7% year on year and amounted to RUB 22,414 million on the back of a growth in revenue-generating transportation volumes by 6.5%. At the same time the Company’s adjusted operating expenses (expenses net of subcontractors’ charges) grew just by 2.3% year on year to RUB 15,040 million due to the reduction in transportation costs. The Company’s EBITDA for the nine months of 2018 increased by 25.4% year on year to RUB 11,210 million from RUB 8,936 million a year earlier. EBITDA margin* improved to 50.0% from 43.7% respectively.

In the third quarter of 2018 the Company’s total revenue was up 16.1% and amounted to RUB 20,389 million, adjusted revenue increased by 12.5% year on year to RUB 8,373 million driven by an increase in revenue-generating volumes by 6.8%. At the same time EBITDA grew by 42.1% to RUB 5,322 million, while EBITDA margin increased from 50.3% to 63.6%, respectively.

As of 30 September 2018 the Company’s assets were RUB 63,988 million, total debt was RUB 11,073 million and the net debt was RUB 2,037 million.

The Company’s financial accounts under IFRS are available at: //trcont.com/investor-relations/reporting/financial-reports-under-ifrs

* calculated as of % of Adjusted Revenue