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01 December 2020 The on-line newspaper devoted to the world of transports 03:06 GMT+1

May 5, 2020

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Original news
Textainer ended the first quarter with a net loss -4.4 million dollars

Revenues decreased by -6.5%

After ten consecutive quarters of profit, in the first quarter of this year container renter Textainer was in a net loss of -4.4 million dollars compared to a net profit of 17.0 million dollars in the first three 2019. Revenues decreased by -6.5% as they amounted to 145.5 million dollars, of which 130.1 million dollars generated company-owned container rental (0.9%) and 15.4 million dollars from the rental of containers operated by the Textainer (-42.0%). EBITDA was 117.1 million dollars (-0.9%) operating profit at 46.4 million U.S. dollars (-20,9%). At the end of the first quarter of this year, the of the company's container fleet was 3.45 million up 1.2% on March 31, 2019.

Commenting on the results achieved in the first three months of 2020 Textainer chairman and CEO Olivier Ghesquiere, specified that the performance recorded in the period were in line with expectations. Ghesquiere pointed out that, despite the Covid-19 pandemic, trade containers continue to be essential to the economy World.

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