TOUAX Group Announces Consolidated Revenue Results for the First Quarter of 2017; Provides Revenue Guidance for the Year 2017
The outlook for the divisions remains the same with the leasing market improving for Freight Railcars and still well oriented for the Modular Buildings business, which was marked by the start of the recovery in France driven by infrastructure projects of the Greater Paris. Business is improving for the River Barges Division in Europe and South America, and there are again sharp increases in leasing prices for Shipping Containers. The company announced that sales revenue should rise during 2017 in view of the expected increase in freight railcars syndications to third-party investors. In 2017, the Group will continue to implement a positive free cash flow strategy for stabilizing its own assets and increasing its assets under management for third parties.