Trading Statement

RNS Number : 6641X

Axis Intermodal PLC

27 June 2008

 



Axis Intermodal plc

('Axis Intermodal' or 'the Company')

Trading update

Axis Intermodal is pleased to announce the following trading update. 

Since the year end, the Group has continued to experience strong demand across all divisions. 

Axis Intermodal's UK-based truck and trailer division has grown its fleet by 32 per cent. to May 2008, to 1538. Meanwhile the German fleet has grown by 10 per cent. to 3613 in the same five month period. In addition, further contracts have been secured for in excess of 1000 units.

The Group's marine container leasing division, SeaAxis, continues its successful growth and early indications from USA-based Reefer spares business, Seaco Parts International Inc. ('PartCo'), acquired from Sea Containers in May 2008, are encouraging. Based in Charleston, South Carolina, the principal business activity of PartCo is the supply of replacement parts and spares for marine refrigerated containers supporting the shipping lines and container industry in the Americas. Developing on this positive start, Axis Intermodal will continue to actively grow PartCo.'s client portfolio.

Accordingly, while only half way through the current financial year, the Board remains optimistic about the outcome for the current financial year and prospects for the Group, despite the current economic climate.

Executive Chairman, Robert J. Montague CBE, said: 'We are very pleased with the initial indicators for this financial year. Our 2007 results were a continued reflection of the building of the profit record and capital base and, whilst mindful of the current economic climate, we are confident of our prospects for the current financial year.'

All resolutions proposed were fully passed at the Annual General Meeting, held on Tuesday 24th June.

- Ends -

Further information:

Media enquiries BOTTLE PR Rachel Brewin ([e-mail]) Gillian Gibbons ([e-mail])  Claire Cairns ([e-mail])	Tel: [phone]
Axis Intermodal plc Robert J. Montague, Executive Chairman Amy Williams, Business Assistant to Executive Chairman	Tel: [phone]
Strand Partners Limited (Nominated Adviser) James Harris	Tel: [phone]
SVS Securities plc (Broker) Peter Manfield	Tel: [phone]

Editors' Notes:

*  Axis Intermodal was established in 1995 to take advantage of the growing market for Intermodal Swapbodies; it now manages over 10% of the 7.45m European Swapbody contract hire market

*  The company has over 250 customers in both the UK and Europe including DHL Exel, Geopost, Kerry Logistics, Dairy Farmers of Great Britain, Bookers Cash and Carry and Freightliners as well as the German, French and Swiss postal services

*  SeaAxis is a division of Axis Intermodal plc. established to focus on specialist marine container leasing and to market the patented SeaCell2 cellular palletwide container and other special containers such as reefers, flatracks and tank containers

*  As well as agents in all the key European markets (Benelux, Scandinavia, Iberia, Italy, Germany and the UK), SeaAxis has now appointed an agent to oversee operations in the US and Caribbean

*  SeaAxis also has offices in Hong Kong, Shanghai and Singapore

 

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