PJSC TransContainer has published its audited consolidated financial statements under the International Financial Reporting Standards (IFRS) together with the management report for the full year ended 31 December 2014.
During the twelve months of 2014, the Company’s total revenue decreased by 6.6% year on year to RUB 36,565 million. Company’s EBITDA decreased by 22.4% year on year to RUB 7,817 million and the net income declined by 38.8% to RUB 3,658 million from RUB 5,974 million in 2013.
At the same time, Company’s adjusted EBITDA margin in the twelve months of 2014 declined slightly year on year from 39.8% to 38.1%, while the net profit margin decreased from 23.6% to 17.8%.
The Company’s financial results for the year ended 31 December 2014 reflect sustained unfavourable pricing environment in the rail containertransportation market amid the continued slowdown in the Russian economy. The results were also affected by the change in the accounting for JSC KedenTransService results occurred in the fourth quarter of 2013.
Company’s total assets as at 31 December 2014 were RUB 48,977 million, Company’s equity was RUB 35,245 million.