Touax Sees Positive Growth in Q3 2024

By the end of September 2024, Touax reported a rise in its business activities. Total restated revenue reached €121.5 million, marking a €5.0 million increase from the same period in 2023. This uplift was primarily driven by sales of owned equipment and syndication fees.

Owned activity totaled €112.0 million. Leasing revenue on owned equipment saw an increase of €3.0 million, while sales of owned equipment surged by €3.9 million. However, ancillary services decreased by €4.6 million, affecting Freight Railcars and River Barges. The company also strengthened its management activity, climbing to €9.5 million, with significant growth in syndication fees across various sectors.

In terms of individual sectors, Freight Railcars and Containers observed incremental growth, while River Barges experienced a slight decline. Modular Buildings continued their upward trend, fueled by a demand for sustainable construction solutions.