TOUAX: COVID-19 COMMUNICATION
March 09 2020 - 12:45PM
TOUAX: COVID-19 COMMUNICATION
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.
****************
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
ACTIFINFabrice & Raphaël
WALEWSKI
Ghislaine GASPARETTOManaging
Partners
ggasparetto@actifin.frtouax@touax.com
www.touax.com
Tel: +33 (0)1 56 88 11 11Tel: +33
(0)1 46 96 18 00
- Press release 9 March 2020 - COVID-19 COMMUNICATION
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