TransContainer, part of Delo Group, has posted its IFRS results for Q1 2021.
The company’s earnings were up 46.4% year-on-year to 30.8 bn rubles ($406 mn), operating expenses up 37.6% to 26 bn rubles ($343 mn).
EBITDA grew by 69.9% up to 6.6 bn rubles ($86.9 mn). Net profit amounted to 3.4 bn rubles ($44.8 mn), up 76.6% year-on-year.
Net debt to EBITDA ration made 2.17.
‘TransContainer continues to grow against the general positive background in the rail container transportation market in Q1 2021 due to the efforts we put into develop services for our customers and expand our geography,’ Pavel Skachkov, Vice President, Economic and Finance, TransContainer, commented.
‘We work to containerize additional commodities and offer the market new products maintaining high service quality even under the persisting deficit of container equipment,’ he added.