(AOF) – Touax unveiled net income group share of 7.6 million euros in the first half, multiplied by 3.8 compared to June 2021. Ebitda followed the same trend, increasing by 38% to 29.5 million euros, driven by the Containers and Freight Railcars activities. Adjusted income from activities, equivalent to income for the lessor of tangible assets (freight wagons, river barges and containers), jumped 49% to 78.3 million euros.
“The good results of this first half of 2022 are in line with our end of the year 2021. The investment strategy initiated in 2021 to meet the needs of our customers, allows a significant increase in our rental income in 2022 “Thanks to the long-term contracts signed with its customers and the quality of the assets acquired, Touax is sustaining its revenues and the solidity of its economic model over the long term, and confirming the relevance of its long-term leasing strategy in the service of sustainable transport.” , indicate Fabrice and Raphaël Walewski, managers of the company.
Regarding its outlook, the group intends to seize any new opportunity to acquire assets in the coming months, while adopting a prudent investment policy. “The current inflationary context is also benefiting the valuation of the assets held,” underlines Touax.
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The collective catering giants are reviewing their prices
In the first half (ended at the end of March) of its 2021-2022 financial year, Elior benefited from a jump of nearly 20% in its activity to 2.2 billion euros. However, its losses increased from 53 million a year earlier to 266 million euros, partly due to a deterioration in margins. This movement is linked to the inflation of food and energy prices. To remedy this, the group has set up a global and systematic program to renegotiate all price lists with its customers.
As for Sodexo, price increases have already taken place. During the third quarter, they increased by more than 5% year-on-year. The group expects a further increase in tariffs of 4 to 5% by the end of the year. Despite strong growth in its results in the first half (ending at the end of February), the group was cautious for the second half of the year due to an environment that remains uncertain. Executives estimate that the pre-covid margin will be reached again in 2023.
Road transport wants to accelerate its energy transition
The weight of fuel continues to climb in the cost structure of carriers, whereas it usually represents 20% of the cost price. The actors are well aware of the need to carry out the energy transition to free themselves from their great dependence on the price of fuel. However, professionals have to face a lack of supply of clean heavy vehicles at affordable prices. Moreover, the use of hydrogen is still too limited. As for CNG (Natural Gas For Vehicles), although investments have been made in the past, gas trucks are not currently running given the soaring prices. Professionals are therefore asking for support from the public authorities to accelerate their transition.