Touax SCA announced consolidated sales results for the first quarter of 2013. First-quarter 2013 consolidated revenue amounted to EUR 59.7 million compared with EUR 83.1 million for first quarter of 2012, i.e. a fall of EUR 23.4 million (-28.2%). Excluding changes in the exchange rate and consolidation perimeter, revenue fell by 32%. Leasing revenue remained stable at EUR 51.4 million compared with first quarter of 2012 (-2.4% excluding changes in the exchange rate and consolidation perimeter). Sales revenue amounted to EUR 8.3 million, down due to the combined effect of the economic situation in Europe which negatively impacted sales in the Modular Buildings business and the postponement of syndications in the Shipping Containers business from first quarter to second quarter of 2013.

The Group does not anticipate any improvement in the short term in its European businesses, leading to weak results for the first half of 2013, as for the second half of 2012. On the other hand, the Group forecasts an increase in revenues in 2013 and 2014 in view of the growth in its international activities and its development in emerging countries.