News

2014 September 1 09:51

FESCO posts its 1H’14 loss of RUB 1.9 bln

In 1H2014, total aggregate loss of FESCO Transportation Group calculated under IFRS made RUB 1.96 bln against profit of RUB 45 mln in 1H2013. According to the Group’s materials, the revenue climbed by 3.7% to RUB 17.95 bln.

The loss without the effect of translation totaled RUB 669 mln against profit of RUB 427 mln in 1H’13.

FESCO is one of Russia’s 10 largest private railway operators. It is known under the brands of Transgarant (100% subsidiary of FESCO) and Russkaya Troyka (50% joint venture with Russian Railways OJSC).

The fleet of FESCO Group consists of 24 vessels operating mainly at the Group’s own sea lines as well as 4 icebreakers managed by the Group under long-term lease agreement.

FESCO operational results for 1H2014

 

1Q 2014

2Q 2014

1H2014

1H2013

Dynamics

Intermodal freight transportation (TEU)*

55,995

61,479

117,474

117,187

+0.2%

Export-import sea sontainer trade (TEU)

94,475

108,067

202,542

181,203

+11.8%

Domestic sea container trade (TEU)

12,828

15,326

28,154

28,871

-2.5%

VMTP container throughput (TEU) 
—Import  
—Export  
—Cabotage

109,828
49,565 
38,031 
22,

132,784
58,924 
47,437 
26,443

242,612
108,489
85,468 
48,655

223,802
97,563 
78,498 
47,741

+8.4% 
+11.2% 
+8.9% 
+1.9%

VMTP non-container cargo throughput (excluding vehicles) (thousand tons)

827

448

1,275

1,059

+20.4%

Automobiles and transportation vehicles throughput (units)

15,329

21,487

36,816

47,922

-23.2%

Rail container transportation («RusskayaTroyka» and «Transgarant») (TEU)

70,219

77,119

147,338

136,353

+8.1%

Rail cargo load (million tons)

4.9

5.0

9.9

10.2

-2.9%

Rail cargo turnover (billion ton-kilometers)

7.6

7.8

15.4

16.1

-4.3%

* - excluding transportation of empty carrier owned containers (COC)

$ millions

1Q 2014

2Q 2014

1H2014

1H2013

Dynamics

Port

 

 

 

 

 

   Rvenue

44.4

45.5

90.1

98.4

-8.5%

   EBITDA

19.3

19.3

38.6

44.0

-12.3%

   EBITDA margin

43.55%

42.4%

42.9%

44.7%

-1.8 pt

Rail

 

 

 

 

 

   Revenue

44.6

40.4

85.0

140.9

-39.7%

   EBITDA

0.0

9.4

9.4

17.5

-46.3%

   EBITDA margin

0.0%

5.6%

3.1%

5.3%

-2.2 pt

Liner & Logistics

 

 

 

 

 

Revenue

137.3

167.5

304.8

327.5

-6.9%

   EBITDA

0.0

9.4

9.4

17.5

-46.3%

   EBITDA margin

0.0%

5.6%

3.1%

5.3%

-2.2 pt

Shipping

 

 

 

 

 

   Revenue

19.8

13.5

33.3

28.7

+16.0%

   EBITDA

4.4

-1.5

2.9

-3.9

-

   EBITDA margin

22.2%

-

8.7%

-

-

Bunkering

 

 

 

 

 

   Revenue

29.4

41.5

70.9

12.1

+486%

   EBITDA

3,8

2,4

6,2

0,8

+675%

   EBITDA margin

12.9%

5.8%

8.7%

6.6%

+2.1 pt