TOUAX

First-quarter 2013 revenue: €59.7 million; Leasing revenue stable; Revenue of sales of equipment temporarily down

PRESS RELEASE                                                                                                                                                Paris, May 15, 2013 - 6 pm

 TOUAX

YOUR OPERATIONAL LEASING SOLUTION

First-quarter2013 revenue: €59.7 million

Leasing revenue stable

Revenue of sales of equipment temporarily down

Revenue by type (Unaudited consolidated data, in thousands of euros)	Q1 2013	Q1 2012	variation
Leasing revenue (1)	51,407	51,349	0.1 %
Sales of equipment	8,251	31,783	-74 %
Consolidated revenue	59,658	83,132	-28.2 %

(1) Leasing revenue presented here includes ancillary and river services.

First-quarter2013 consolidated revenue amounted to €59.7 million compared with €83.1 million for Q1 2012, i.e. a fall of €23.4 million (-28.2%). Excluding changes in the exchange rate and consolidation perimeter, revenue fell by 32%.

Leasing revenue remained stable at €51.4 million compared with Q1 2012 (-2.4% excluding changes in the exchange rate and consolidation perimeter).

Sales revenue amounted to €8.3 million, down due to the combined effect of the economic situation in Europe which negatively impacted sales in the Modular Buildings business and the postponement of syndications in the Shipping Containers business from Q1 to Q2 2013.

Analysis of the contribution of the Group's four divisions

Revenue by division (Unaudited consolidated data in thousands of euros)	Q1 2013	Q1 2012	variation
Leasing revenue (1)	21,786	20,222	7.7 %
Sales of equipment	2,851	22,466	-87.3 %
Shipping containers	24,637	42,688	-42.3 %
Leasing revenue (1)	17,094	17,844	-4.2 %
Sales of equipment	5,108	9,125	-44 %
Modular buildings	22,202	26,969	-17.7 %
Leasing revenue (1)	3,977	4,104	-3.1 %
Sales of equipment	59	2
River barges	4,036	4,106	-1.7 %
Leasing revenue (1)	8,542	9,158	-6.7 %
Sales of equipment and misc.	241	210	14.8 %
Freight railcars	8,783	9,368	-6.2 %
Consolidated revenue	59,658	83,132	-28.2 %

(1) Leasing revenue presented here includes ancillary and river services.