• 2014 May 30 18:06

    FESCO Q1 revenue slides 11.9% to $242.5 million

    Revenues of FESCO Transportation Group (MOEX: FESH) for the first three month period ended March 31, 2014 declined 11.9% from US$ 275.3 million to US$ 242.5 million. EBITDA dropped by 31.7% to $32.8 million ($48.1), the Group said Friday in its updated report.  

    FESCO Group Highlights:

    • In the short term, the slowdown of economy growth and overall volatile macroeconomic environment caused weakness in the sectors where the Group operates
    • The Group’s revenue declined by 11.9% YoY mostly due to ruble devaluation, which contributed to more than half of the decrease, and continued rail market weakness
    • Significant increase in export volumes in 1Q2014 is seen as a sustained trend for the year
    • The Group’s EBITDA was impacted by mixed divisional profitability and increase in export volumes. EBITDA growth in Port, Bunkering and Shipping Divisions was offset by the results of Rail Division and LLD
    • 1Q2014 Group’s consolidated EBITDA excluding one-offs amounted to $34.5m
    • Despite the market volatility the Group continued to make selective capital investments, mostly in Ports Division, in line with its long term strategy

    About FESCO
    FESCO is one of the leading privately-owned transportation and logistics companies in Russia with operations in ports, rail, integrated logistics and shipping business. Diversified but integrated asset portfolio enables FESCO to provide door-to-door logistics solutions and control almost all steps of the intermodal transportation value chain. The majority of FESCO’s operations are located in the Russian Far East and the Group benefits from growing trade volumes between Russia and Asian countries.
    FESCO is the leader of container transportation through the Russian Far East via international sea container lines to/from Asian countries, domestic sea container lines and by rail. FESCO is the leading port container operator in the Far East region.
    FESCO controls the Commercial Port of Vladivostok which has throughput capacity of 3.9 million tons of general cargo and oil products, 150,000 vehicles and over 600,000 TEU of containers. In 2013, total container throughput at the Commercial Port of Vladivostok reached 477,000 TEU, including 204,000 TEU of imported cargo.
    FESCO is among the 10 largest Russian private rail operators, providing services under "Transgarant" (100% subsidiary of FESCO) and "Russian Troika" (50% joint venture with JSC Russian Railways) brands. "Transgarant" operates a fleet of 16.1 thousand units of rolling stock, while "Russian Troika" operates a fleet of 1.7 thousand container platforms. FESCO has a fleet of 24 vessels, mostly deployed through own sea service lines, and 4 icebreakers leased under long-term contracts.


2020 July 14

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13:36 Straatman BV built solar-powered mooring systems for Port of Hamburg
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2020 July 13

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12:18 ISO releases environmental report assurance standard
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09:32 RF Government to allocate RUB 320 million as support of shipping companies
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2020 July 12

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2020 July 11

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