Axis Intermodal PLC
20 June 2007
Axis Intermodal PLC ('Axis Intermodal' or the 'Company')
Annual General Meeting Trading Statement
The Annual General Meeting of Axis Intermodal plc was held today and all
resolutions proposed were duly passed.
Robert Montague CBE, the Executive Chairman made the following statement:
'The 2006 results reflect the continued strengthening and growth of our
business. The Group, under the Axis Intermodal brand, has made further positive
progress in the first five months of 2007.
UK market conditions have continued to improve and contract hire pricing remains
very resilient. Our overall fleet of trucks and trailers has already increased
by 40% and the number of new business prospects remains healthy.
Germany performs in line with our expectations managing the swapbody fleet on a
revenue-shared basis, not only in Germany but in Switzerland, Austria, and
Benelux. The fleet has grown over 12% so far with 23 new contracts and 11 new
customers as we increase the fleet with an anticipated 1,300 new units during
2007.
Having completed the Group restructure, under the Axis brand, the Board
continues to focus on increasing profitability and shareholder value.'
Enquiries:
Axis Intermodal plc
Caroline Wray
Tel: 01993 883148
Note to editors:
Axis Intermodal plc is an AIM listed equipment contract hire and maintenance
management group which services the transport and logistics industry in the UK
and across Europe. The Group currently has 4,000 assets under management.
A swapbody is a standard steel freight container on legs which can be picked up
and dropped off by trucks without the need for cranes.
This information is provided by RNS
The company news service from the London Stock Exchange
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