Transcontainer logs H1 2017 grwth

News 29 Aug 2017 by WCN Editorial

The Russian intermodal operator has reported strong volume and profits growth in the first half of 2017

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In Q2 2017, Russia’s container market continued to demonstrate a strong and robust growth of 17.3% year-on-year, mainly driven by an increase in import and transit transportation, while domestic shipments demonstrated a moderate 3.6% growth, states Transcontainer.

For the first six months of 2017, the Russian rail container market grew by 19.8% year-on-year to 1.841M TEU. In terms of segment breakdown for the six month period, domestic transportation volumes increased by 7.5% year-on-year and export transportation by 19.4% year-on-year, while import transportation volumes surged by 39.4% year-on-year and transit skyrocketed by 71.3% year-on-year.

Amid the favorable market environment, the company’s revenue-generating transportation volumes increased by 20.3% year-on-year to 351,000 TEU in 2Q and by 23.0% year-on-year to 681,000 TEU for the first six months of the reporting year.

As a result, adjusted revenue increased by 30.0% year-on-year in Q2 and by 30.4% year-on-year in H1 2017 respectively. At the same time adjusted operating expenses grew by 14.5% year-on-year for the first half of the reporting year and by 12.3% year-on-year for Q2 2017.

The EBITDA margin increased to 43.8% in the Q2 2017 and to 40.0% for H! 2017, while the net profit margin improved to 25.4% and 21.8%, respectively.

Note:The August 2017 edition of WorldCargo News includes a report on:

Transcontainer's purchase of the Logistika dry port in Shushary, St Petersburg from Global Ports.
The ongoing debate in Russia on how Transcontainer should be privatised.