RNS Number : 6641X
  Axis Intermodal PLC
  27 June 2008
   




    Axis Intermodal plc

    ("Axis Intermodal" or "the Company")

    Trading update


    Axis Intermodal is pleased to announce the following trading update. 

    Since the year end, the Group has continued to experience strong demand across all divisions. 

    Axis Intermodal's UK-based truck and trailer division has grown its fleet by 32 per cent. to May 2008, to 1538. Meanwhile the German
fleet has grown by 10 per cent. to 3613 in the same five month period. In addition, further contracts have been secured for in excess of
1000 units.

    The Group's marine container leasing division, SeaAxis, continues its successful growth and early indications from USA-based Reefer
spares business, Seaco Parts International Inc. ("PartCo"), acquired from Sea Containers in May 2008, are encouraging. Based in Charleston,
South Carolina, the principal business activity of PartCo is the supply of replacement parts and spares for marine refrigerated containers
supporting the shipping lines and container industry in the Americas. Developing on this positive start, Axis Intermodal will continue to
actively grow PartCo.'s client portfolio.

    Accordingly, while only half way through the current financial year, the Board remains optimistic about the outcome for the current
financial year and prospects for the Group, despite the current economic climate.

    Executive Chairman, Robert J. Montague CBE, said: "We are very pleased with the initial indicators for this financial year. Our 2007
results were a continued reflection of the building of the profit record and capital base and, whilst mindful of the current economic
climate, we are confident of our prospects for the current financial year."

    All resolutions proposed were fully passed at the Annual General Meeting, held on Tuesday 24th June.


    - Ends -


    Further information:

 Media enquiries                                    Tel: +44 (0)1865 882988
 BOTTLE PR
 Rachel Brewin (rachelbrewin@bottlepr.co.uk)
 Gillian Gibbons (gilliangibbons@bottlepr.co.uk) 
 Claire Cairns (clairecairns@bottlepr.co.uk) 
  
 Axis Intermodal plc                                Tel: +44 (0)1993 883148
 Robert J. Montague, Executive Chairman
 Amy Williams, Business Assistant to Executive
 Chairman
  
 Strand Partners Limited (Nominated Adviser)        Tel: +44 (0) 207 409 3494
 James Harris
  
 SVS Securities plc (Broker)                        Tel: +44 (0) 207 638 5600
 Peter Manfield         



        
    Editors' Notes:

    *  Axis Intermodal was established in 1995 to take advantage of the growing market for Intermodal Swapbodies; it now manages over 10% of
the 7.45m European Swapbody contract hire market

    *  The company has over 250 customers in both the UK and Europe including DHL Exel, Geopost, Kerry Logistics, Dairy Farmers of Great
Britain, Bookers Cash and Carry and Freightliners as well as the German, French and Swiss postal services

    *  SeaAxis is a division of Axis Intermodal plc. established to focus on specialist marine container leasing and to market the patented
SeaCell2 cellular palletwide container and other special containers such as reefers, flatracks and tank containers

    *  As well as agents in all the key European markets (Benelux, Scandinavia, Iberia, Italy, Germany and the UK), SeaAxis has now
appointed an agent to oversee operations in the US and Caribbean

    *  SeaAxis also has offices in Hong Kong, Shanghai and Singapore
        




This information is provided by RNS
The company news service from the London Stock Exchange
 
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