TRCN.L Regulatory News (TRCN)

FOR IMMEDIATE RELEASE

21 August 2020

PJSC TransContainer

Results for the six months ended 30 June 2020

PJSC "TransContainer" ("TransContainer" or the "Company" together with its consolidated subsidiaries) today publishes its management report together with the reviewed interim condensed consolidated financial statements for the six months ended 30 June 2020, prepared in accordance with the International Financial Reporting Standards ("IFRS"). 

H1 2020 Highlights

· The Company's revenue grew by 9.8% year-on-year to RUB 45,519 million in the first half of 2020, while the revenue increase in the second quarter was 16.5% compared to the first quarter of 2020 and amounted to RUB 24, 495 million. The revenue increase was mainly driven by overall strong dynamics of transportation on international routes and higher export volumes.

· The Group's operating profit amounted to RUB 6,039 million.

· The Company generated a net profit of RUB 5,944 million despite challenging economic environment across all markets worldwide caused by the COVID-19 pandemic.

· As of 30 June 2020, the Company's assets stood at RUB 89,938 million, while its net assets amounted to RUB 55,301 million.

· Container volumes transported by the Company's flatcar fleet increased by 10.8% year-on-year to 1,105 thousand TEU.

· The Company's throughput in the Russian rail container terminal network amounted to 745 thousand TEU, up 7.8% year-on-year.

 The Company's financial accounts are available at: https://trcont.com/investor-relations/reporting/financial-reports-under-ifrs

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About TransContainer

PJSC TransContainer (LSE: TRCN; MOEX: TRCN) is the leading intermodal container transportation company in Russia with a market share of approximately 41%. It is the market leader in Russia by flatcar fleet size, container transportation by rail and railside container terminal throughput. As at 30 June 2020, it owned and leased more than 32,000 flatcars and more than 88,000 ISO containers. TransContainer owns a network of rail-side container terminals, located at 38 railway stations across Russia, the Company's joint ventures also operate three terminals in Russia. Company's sales network comprises 90 sales outlets in Russia, along with additional outlets across the CIS, Europe and Asia. TransContainer is listed on the Moscow Exchange and London Stock Exchange.

Legal Disclaimer

Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward-looking statements by terms such as 'expect', 'believe', 'anticipate', 'estimate', 'intend', 'will', 'could', 'may' or 'might', the negative of such terms or other similar expressions. PJSC "TransContainer" wishes to caution you that these statements are only predictions and that actual events or results may differ materially. PJSC "TransContainer" does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of PJSC "TransContainer", including, among others, general economic conditions, the competitive environment, risks associated with operating in Russia, rapid technological and market change in the industries PJSC "TransContainer" operates in, as well as many other risks specifically related to PJSC "TransContainer" and its operations.