Touax SCA reported consolidated earnings results for the six months ended June 30, 2017. For the six months, the company reported revenue of €122.5 million compared to €111.5 million a year ago. EBITDA was €13.0 million compared to €11.2 million a year ago. This rise is mainly due to the improved Freight Railcar business with the full integration of an asset company and the increase in the syndication volume. Operating income was €5.3 million compared to €2.8 million a year ago. Profit before tax was €0.3 million compared to loss of €1.1 million a year ago. Consolidated net loss (group's share) was €13.9 million or €1.99 per share compared to €4.4 million or €0.74 per share a year ago. Operating cash flow of the retained operations were €33.4 million, mainly driven by growth in leasing activity and railcar syndication. EBITDAR was €42.8 million against €40.6 million a year ago.

TOUAX confirms an operating profit for the year 2017. Debt is expected to decline in 2017 with the sale of modular buildings activities.