REGULATED INFORMATION Paris, 9 March 2020 5:45 PM
YOUR OPERATIONAL LEASING SOLUTION FOR SUSTAINABLE TRANSPORTATION
COVID-19 COMMUNICATION
NO IMPACT CURRENTLY ON OUR ACTIVITIES DUE TO THE HEALTH CRISIS
Many investors are wondering about the impact of the health crisis due to the risk of a COVID 19 epidemic.
From a factual point of view and to date, we have not seen any impact on our activities:
- In general, long-term leasing activities are not subject to occasional fluctuations linked to health crises;
- No delay has been registered to date in the payment deadlines;
- No commercial contract has been broken and the rates for contract renewals have not dropped;
- In the Containers activity, we note an increase of more than 10% in the purchase prices of containers linked to the shortage of containers due to shipping problems from China.
However, in this context of uncertainty and volatility linked to COVID-19, Touax remains very vigilant:
- The Group follows precisely the evolution of the epidemic and its expansion, as well as the exposure of its employees, and organizes remote working at home, as appropriate.
- Touax also are working on scenarios and corresponding action plans to be able to react quickly.
Finally, the Group is continuing its roadmap to refocus on the long-term rental of freight wagons, river barges and containers, with a focus on improving profitability.
We will keep shareholders regularly informed of the impact of the epidemic on our activities and results.
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TOUAX Group leases out tangible assets (freight railcars, river barges and containers) on a daily basis throughout the world, for its own account and on behalf of third party investors. With €1.2 billion under management, TOUAX is one of the European leaders in the operational leasing of this type of equipment.
TOUAX SCA is listed in Paris on EURONEXT – Euronext Paris Compartment C (Code ISIN FR0000033003) and on the CAC® Small and CAC® Mid & Small indexes and in EnterNext PEA-PME.
For more information: www.touax.com
Contacts:
TOUAX ACTIFIN
Fabrice & Raphaël WALEWSKI Ghislaine GASPARETTO
Managing Partners ggasparetto@actifin.fr
touax@touax.com
www.touax.com Tel: +33 (0)1 56 88 11 11
Tel: +33 (0)1 46 96 18 00
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