Touax SCA announced consolidated financial results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported total revenue of EUR 38,082,000 against EUR 42,297,000 a year ago.

For the six months, the company reported total revenue of EUR 74,429,000 against EUR 84,298,000 a year ago. EBITDA reached EUR 12.8 million at June 30, 2018, stable compared to EUR 13 million recorded a year earlier. Operating Income was EUR 4.05 million against EUR 5.3 million a year ago. Net Loss Group share for the first half of 2018 was EUR 1.8 million compared to EUR 13.9 million a year earlier. Loss before tax was EUR 0.5 million against profit of EUR 0.3 million a year ago. Net loss per share were EUR 0.25 against EUR 1.99 a year ago. Operating cash flow of the retained operations was EUR 10.4 million against EUR 33.4 million a year ago. Cash flow from operations amounted to €10.4 million.

The company also provided guidance for 2018. The Group is continuing its focus on improving its profitability, through increased utilization rates and rental rates, is gradually increasing investments for its own account, and is developing asset management for third parties. TOUAX confirms an improvement in its results for the whole of 2018.