PJSC “TransContainer” (“TransContainer” or the “Company”) today publishes its  consolidated financial statements for the full year ended 31 December 2016 and the independent auditor’s report prepared by AO PricewaterhouseCoopers Audit.

For the reporting year, the Company’s net profit grew by 14.6% year-on-year to RUB 3,244 million while EBITDA increased by 8.8% year-on-year to RUB 7,099 million, In terms of profitability, adjusted EBITDA margin improved to 32.3% from 32.1% in 2015 , while net profit margin was 14.8%, up from 13.9%, respectively.

The growth in the Company’s net income and net income margin was primarily driven by an increase in transportation volumes by the Company’s flatcar and container fleet, by the  extending range of transportation and logistics services as well as by effective cost control and fleet management.

The Company’s total revenue under IFRS for the full year 2016 amounted to RUB 51,483 million, up 21.1% on year on year. Adjusted revenue (total revenue less subcontractors’ fees under company’s freight forwarding and logistics services) grew 8.3% year on year to RUB 21,988 million respectively.

As of 31 December 2016 the Company’s assets amounted to RUB 51,428 million, gross debt was RUB 9,137 million, net debt (gross debt less cash, cash equivalents and short-term investments) amounted to RUB 3,310 million.

The Company’s financial reports under IFRS are available at.