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angle-left null PJSC TransContainer reported its Financial Results under Russian Accounting Standards for the Full Year 2014

For the full year 2014 the total revenue of the Company increased by 9.8% to RUR 36,413 million, while the adjusted  revenue (total revenue less subcontractors’ fees under the integrated freight forwarding and logistics services) decreased by 5.4% to RUR 20,490 million. Operating profit decreased by 28.4% to RUR 3,962 million and EBITDA declined by 6.7% to RUR 8,227 million compared to the same period of 2013.

The Company’s net profit amounted to RUR 3,944 million, representing a 12.9% decrease compared to the corresponding period of 2013.

Despite the significantly deteriorated economic environment in 2014, the adjusted EBITDA margin for the reporting period stayed flat at 40.1% compared to 40.7% for the year 2013, the net income margin decreased insignificantly from 20.9% in 2013 to 19.2% in 2014.

Company’s total assets were RUR 44,738 million as of 31 December 2014, total debt was RUR 5,929 million, 20.3% down as compared to 31 December 2013. 

The Company’s financial results were negatively affected by the unfavorable pricing environment in the Russian rail transportation market. This effect was to the significant extent offset by an increase in container transportation volumes, Company’s measureas aimed at business optimization as well as by currency gains.

Company’s transportation volumes during the reporting period grew by 0.9% to 1 467 thousand TEU. 

TansContainer’s financial accounts for the full year 2014 under Russian Accounting Standards are available at

http://www.trcont.com/en/investor-relations/reporting/financial-reports-under-ifrs/