TransContainer, part of Delo Group, has posted its IFRS results for 2020.
The company’s earnings were up 20.1% year-on-year to 103.5 bn rubles ($1.4 bn), operating expenses up 24.9% to 89.4 bn rubles ($1.2 bn), EBITDA up 13.3% to 22.6 bn rubles ($304.8 mn). Net profit amounted to 12.7 bn rubles ($171.3 mn), up 7.7% year-on-year.
The Russian rail container market continued growing during 2020 amounting to 5.8 mn TEU, the growth rate in 2020 was 16.3% year-on-year compared to 12.4% in 2019. The major driver of growth was international traffic, which increased by 19.4%, including transit that was up 37.5%.
TransContainer carried 2.4 bn TEU in 2020, up 17.3% year-on-year.