On 29 August, TransContainer announced Q218 IFRS results. The results showed further growth, with a 6% increase in revenue and 16% growth in EBITDA. We think the main point of interest is how TransContainer has continued to increase productivity by improving the ratio of ‘profit-making runs’ by its containers. The further acceleration in market container volumes in July bodes well for Q3. We have maintained our 2018 EPS but increased our DCF valuation by 2%.
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TransContainer - Strong Q2 results, led by a rise in productivity
- Published:
04 Sep 2018 -
Author:
Robert Plant -
Pages:
7
On 29 August, TransContainer announced Q218 IFRS results. The results showed further growth, with a 6% increase in revenue and 16% growth in EBITDA. We think the main point of interest is how TransContainer has continued to increase productivity by improving the ratio of ‘profit-making runs’ by its containers. The further acceleration in market container volumes in July bodes well for Q3. We have maintained our 2018 EPS but increased our DCF valuation by 2%.