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06 June 2020 The on-line newspaper devoted to the world of transports 10:17 GMT+2

April 24, 2020

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Original news
The health crisis also has a negative effect on the first container renter of the world

In the first quarter, Triton's revenues fell by -5,7%

In the first three months of this year, for the third period quarterly results, Triton's economic results International, a world-leading company in the container rentals, have declined. The company has closed the first quarter of 2020 with revenues from rental activity of 321.5 million usd, with a decrease of -5.7% over the same period of 2019, while costs increased by 5.9% to 179.4 million dollars. The values of operating profit and profit decreased by -19.3% and -17.0% respectively to 148.0 77.0 million dollars.

"As of the end of January," he said Triton's CEO, Brian Sondey - the outburst Covid-19 and the adoption of broad restrictive measures in China a sharp decline in exports from China. This decrease in exports has resulted in a lower demand for containers and from February the employment rate our fleet declined after stabilizing at December and January. However , Said Sondey, in the first quarter-time container production was very low and our portfolio of important long-term rental contracts continues to protect us from short-term market challenges term'.

Highlighting that, as of March, exports from the China have grown as restrictions on activities have been reduced, but the spread of the pandemic in other regions in the world has led to the adoption in other nations of measures to prevent the spread of the contagion that, in the second quarter, caused a sharp decline in business and a second significant decrease in traffic Sondey specified that it is expected that The negative impact on container rental demand will continue as long as the level of economic activity and trade will remain limited, crisis - observed -- that if it were to persist it could also result in a significant increase in the financial challenges that need to be Triton's customers.


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