JSC TransContainer is the leading intermodal container transportation company in Russia.
As of December 31, 2010 the Company is estimated to own about 60% of the total Russia’s flatcar fleet and to hold approximately 52% of all rail container transportation in Russia.
It owns and operates more than 24,000 flatcars and approximately 60,000 containers.
TransContainer also owns a network of rail-side container terminals located at 46 railway stations in Russia and operates one terminal in Slovakia under a long-term lease agreement. Company’s sales network comprises approximately 150 sales outlets across Russia as well as presences in the CIS, Europe and Asia.
The Company’s financial results for the year ended 31 December 2010 reflected the recovery in the rail container market in Russia which started in 2010, as well as results of the Company’s measures aimed at the improvement of its financial and operational performance.
In 2010, the Company’s total revenue increased by 39.2% to RUR 22,841 million; adjusted revenue increased by 24.4% to RUR 16,502 million; operating income increased by 25.0% to RUR 2,093 million; and EBITDA grew by 11.7% to RUR 4,427 million.
Profit for 2010 increased by 57.6% from RUR 589 million for the year ended 31 December 2009 to RUR 928 million for the year ended 31 December 2010.
Total comprehensive income for 2010 grew by 58.7% from RUR 589 million for the year ended 31 December 2009 to RUR 935 million for the year ended 31 December 2010.
In 2010 the Company significantly improved its debt structure and reduced interest expenses.
In 2011, Russian GDP growth is forecasted to grow by a healthy 4.2% per annum, according to the Ministry of Economic Development of Russia, which is expected to drive rail container transportation market as well.
The Company’s operating performance in the 1st quarter of 2011 supports management’s expectations regarding a continuing market recovery.
