Interim Announcement

Axis Intermodal plc

(“Axis” or “the Group”)

 

Interim Results for the six months ended 30 June 2007

 

Axis Intermodal plc, the European transport equipment contract hire group, today announces its unaudited interim results for the six months ended 30 June 2007. 

 

Group Highlights :

 

§          Turnover up by 26% to £5.33 million (2006: £4.24 million)

§          Operating profit of £253,000 up 36% (2006: £186,000)

§          Single Axis brand for all companies

§          EPS 0.49p (2006: 0.03p)

§          UK fleet expands by 53%

§          German swapbody fleet grows by 15%

§          Interim dividend of 0.15p per ordinary share to be paid on 22 October 2007

§          Adoption of IFRS

 

Robert Montague , Executive Chairman, commented:

 

“We are pleased to report our interim results for the six months ended 30 June 2007 and the Group has made very good progress during the period. Under the single Axis brand the businesses in the UK and Germany have delivered further fleet expansion, increasing our  fleet of trucks, trailers and swap bodies so far this year by 830 units.

 

As a result of the continuing development of our relationship in Germany with our KG partners we have access to substantial funding with which to meet the demands of the business while still maintaining the risk management strategy of protecting exposure to residual values. In fact, to date this year we have replaced 12% of our UK fleet in addition to the headline increase.”

 

For full report please see link below