2010 annual report - touax group

28. Recently released information
28.1. Press release of January 4, 2011
TOUAX to pay interim dividend
of € 0.50 per share
During its meeting of 4 January 2011, the Management Board
decided to distribute an interim dividend of €0.50 per share, as
part of the overall dividend which is to be paid in relation to the
fiscal year 2010. The interim dividend will be paid on Tuesday
11 January 2011.
28.2. Press release of January 20,
2011
TOUAX joins Nyse Euronext compartment B
thanks to good economic performance
On 24 January 2011, TOUAX will joint NYSE Euronext compartment
B which groups together issuers with a market
capitalization of between €150 million and €1 billion (market
capitalization calculated on the basis of the opening price for
the last 60 trading days of the year).
This transfer rewards the drive and stock exchange performance
of the TOUAX security in 2010. With a market
capitalization of almost €170 million, TOUAX continues its strategy
of value creation, the main strengths of which are:
• Extensive diversification in leasing contracts and sales of four
assets with demand that looks promising from a structural
viewpoint;
• Proprietary fleet of assets leased worth €509 million (on September
30, 2010) invested in standardized, mobile equipment
featuring a long life—between 15 and 50 years—which generates
long-term leasing profitability and recurring revenue
streams;
• Leased assets managed for third parties under long-term
contracts worth €832 million on September 30, 2010;
• TOUAX's development policy with a strong international focus
in order to benefit from world trade (86% of revenues were
generated outside France on September 30, 2010).
In 2010, the Group's sound economic performance was buoyed
by continued growth in leasing activities and the increase in
sales and syndication business.
As a result, TOUAX confirms its forecast of growth in sales for
2010 combined with stable leasing revenues. The Group will
publish its annual results on March 25, 2011.
2011 looks promising, both in terms of business and growth in
profitability.
28.3. Press release of January 25,
2011
TOUAX signs a partnership agreement
in Morocco in view of installing a modular
buildings production unit
TOUAX SOLUTIONS MODULAIRES, a TOUAX subsidiary, signed
a memorandum of understanding with a major Moroccan
industrial stakeholder for the setup of a partnership in order to
launch operations in Morocco.
The purpose of the partnership is to create in the 6 coming
months, a production unit capable of supplying the Moroccan
market along with the markets in Northern and Western Africa.
This operation is fully in line with the Group's strategy to develop
its business in emerging countries. As underlined by
Raphaël WALEWSKI, one of the Managing Partners of TOUAX,
“these emerging markets already have significant needs, and
offer the prospect of strong growth. It is important for the Group
to expand into Africa in order to leverage these development
opportunities.”
TOUAX will provide its industrial know-how while the partner
provides its knowledge of the Moroccan market and the housing
infrastructure.
This partnership, in which TOUAX will have a majority, is a new
step in the international development of the Group's modular
buildings business, which already generates 65% of its revenue
from outside France.
The final terms of the operation will be announced once it is
implemented (during the course of 2011).
28.4. Press release of February 14,
2011
Annual revenue in 2010: + 11%
Great increase in sales: +27%
Improvement in the leasing revenue: +6%
Revenue of €302m in 2010
Managing Partners, Fabrice and Raphaël WALEWSKI, are very
pleased about “the increase in TOUAX's revenue in 2010, which
reflects the improved economic conditions. TOUAX has been
able to leverage signs of recovery in each of its businesses to
support the Group's core business, leasing, and to develop its
sales. Profitability should increase in 2011, thanks to growth in
sales, higher daily rates and a better equipment utilization
rate".
Recently released information
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