Business Wire

TIP Trailer Services Releases Its 2017 Annual Report

Del

On 9 March 2018, TIP Trailer Services releases its 2017 annual report. In his letter to stakeholders, Bob Fast, CEO, drew attention to strong underlying trading performance in growing markets, as well as to the business’s 50 year anniversary:

“We had another year of strong execution, growing revenue by 19%, at constant exchange rates, achieving our goal of €500m revenue. We successfully leveraged our scale to improve our contribution and EBITDA margins by 3% and 5% respectively and grew our operating profit by 32%. We continue to retain and attract new customers while improving our operational delivery. During the past half century we have been dedicated to making a positive impact on the customers we serve, the people in our teams, our trusted partners, the industry for which we care passionately about and the communities and environments in which we live. We are looking forward to another successful 50 years ahead of us.”

In his review on financial performance, Malachy Mc Enroe, CFO, focusing on financing and costs added:

“On the back of excellent trading results in 2017, we took advantage of favourable financing markets to further expand our liquidity while reducing cost and diversifying our funding. These actions position us well for strong growth in the coming years, protect our balance sheet and provide flexibility”

The full TIP Trailer Services annual report is available at:

https://www.tipeurope.com/about-us/annual-report/

Forward looking statements

This press release and the annual report contains certain forward-looking statements, estimates and projections which are subject to significant risks, uncertainties and assumptions concerning both business and external economic factors and as such are difficult to predict. Actual results will vary from the anticipated results and such variations may be material. The information has been provided in good faith using information available up to the date the annual report was approved by the Board of TIP Trailer Services on 23 February, 2018. TIP Trailer Services, its directors and senior leadership team give no assurances that these expectations will prove to be correct. Except as required by law or regulation, TIP Trailer Services, its directors and senior leadership team undertakes no obligation to update any forward looking statements whether as a result of new information, future events or otherwise.

About TIP Trailer Services

Headquartered in Amsterdam, the Netherlands, TIP Trailer Services is one of Europe and Canada’s leading equipment service providers, specialising in trailer leasing, rental, maintenance and repair, as well as other value added services and provides these to transportation and logistics customers across Europe and Canada. TIP services customers from 84 locations spread over 17 countries in Europe and Canada.

Contact information

TIP Trailer Services Management B.V.
Kapil Sharma
Treasury and Investor
Relations Director
T +31 20 504 1677
M +31 621 105358
E kapil.sharma@tipeurope.com
W www.tipeurope.com

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Prima Solutions and Effisoft Announce Their Merger to Bolster Global Leadership in Providing Insurance Solutions17.12.2018 09:00Pressemelding

As part of their continuing growth strategies, Prima Solutions and Effisoft announce their merger to create a global InsureTech company. This merger between Effisoft, the leading vendor of reinsurance and regulatory software solutions for insurance and reinsurance companies across the globe, and Prima Solutions, one of Europe’s leading software provider for Life, Health, and P&C insurance companies, will produce one of the largest and most comprehensive players in Europe, North America, and the Asia-Pacific region with cloud-based solutions covering all areas of the insurance market. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181217005249/en/ This merger, concluded on December 13, will enable both groups to accelerate their development in the P&C, health and personal protection insurance markets. This merger is part of an ambitious and coherent growth strategy: it completes Prima Solutions' and Effisoft's existing produc

Algorand Appoints Pablo Azar as Chief Economist17.12.2018 09:00Pressemelding

Algorand, a foundational blockchain and cryptocurrency company, announced today that it has named Pablo Azar as Chief Economist. Given Algorand's focus on creating sustainable value in a decentralized economy, Mr. Azar will be responsible for guiding Algorand’s economic policies. On the heels of announcing Steve Kokinos and W. Sean Ford as CEO and COO, respectively, Mr. Azar’s appointment as Chief Economist is another advancement for Algorand as it continues to develop its executive team. With a double Ph.D. from MIT, Mr. Azar will bring his unique expertise regarding the application of computer science and cryptography toward the creation of better market mechanisms. Further, he will be responsible for expanding the visibility of Algorand’s economic policy and enhancing the tools necessary for developers to build on the Algorand platform. “As momentum around tokenization increases, so does the need for sound economic management,” said Steve Kokinos, CEO at Algorand. “With his deep bac

Arthur D. Little Report Outlines €200 Billion Digital Transformation Opportunity for Telecoms Sector17.12.2018 08:30Pressemelding

Arthur D. Little (ADL) today published a new research report highlighting the need for greater digitalization in the global telecoms industry. The TIME 2018 Flagship Report outlines the scale of the digital opportunity, with analysis estimating that a ‘digital dividend’ of over €200 billion free cash flow awaits telcos that can successfully transform. Industry executives surveyed for the report confirm the findings. 73% say that digital will add value to their businesses, with key benefits including greater agility, increased subscriber growth and cost savings. CAPEX spending on areas such as 5G infrastructure and the Internet of Things is expected to require a 7% CAGR increase from 2017-2022, outpacing forecast revenue growth. Consequently, failing to digitally transform risks commoditization and disintermediation, leaving telcos unable to invest sufficiently. As one senior executive put it bluntly, “Digitalization – there is no other choice if we want to survive.” The report highligh

Denodo Offers Data Virtualization Test Drive on Microsoft Azure17.12.2018 08:30Pressemelding

Denodo, the leader in data virtualization today announced the availability of a free Test Drive environment on Microsoft Azure. Following on the heels of its recently announced Test Drive on AWS, the newest Denodo Test Drive empowers users to quickly and easily create real-time data delivery without replication and explore the benefits of using the Denodo Platform on Azure. Denodo Test Drives are completely free of charge for demonstration, education and evaluation purposes and are available at: http://bit.ly/2AQddE3 Built on Azure, the Test Drive lets individuals discover, explore, prepare, and access data in a user-friendly interface for true self-service. The Denodo Test Drive solves some of the most pressing challenges faced by data scientists and data analysts by enabling them to integrate large volumes of data to support their agile BI, big data analytics and Web/cloud integration objectives. “Microsoft’s commitment to offer an ecosystem of cloud solutions makes it ideal for Deno

Arthur D. Little Global Automotive Study Outlines Importance of Car in Changing World of Mobility17.12.2018 08:30Pressemelding

Arthur D. Little (ADL) today released its worldwide automotive market report. Key findings are that desire for car ownership remains strong, especially amongst the young, and that drivers are considering a dramatic switch to electric and hybrid vehicles (EVs). This will impact manufacturer and supplier engine strategies and push for faster development of EV ecosystems, such as charging solutions. Drivers are now much more willing to embrace alternative drivetrains. 58% would accept paying more for hybrids, and 50% for EVs. While the majority have petrol or diesel-engined vehicles, this could change rapidly. Of those planning to replace their car, 48% said they’d consider an EV (BEV, hybrid or plugin hybrid), 36% a petrol-engined vehicle and 12% diesel. Klaus Schmitz, Partner with Arthur D. Little explains: “Extending our groundbreaking 2015 automotive study shows enormous changes. While attachment to car ownership remains high, meaning the overall automotive market will remain stable,

Montagu Evans Chooses MobileIron Cloud to Keep Client Data Safe on Mobile Devices17.12.2018 08:00Pressemelding

MobileIron (NASDAQ:MOBL), the secure foundation for modern work, today announced that Montagu Evans has selected MobileIron unified endpoint management (UEM) cloud solution, including MobileIron Access and MobileIron Threat Defense. For nearly a century, Montagu Evans, a partnership and one of UK’s largest owner-managed surveying firms, has helped its clients shape some of UK’s largest commercial, residential and mixed-use property development projects. With increasingly sensitive client work, more employees on job sites using mobile devices, and the newly enforced GDPR, it was imperative for Montagu Evans to use a best-in-class UEM solution to securely manage all data without compromising productivity. Safety from Mobile Threats Since Montagu Evans’ employees often need to connect through unsecured networks, such as public Wi-Fi networks, the company needed to ensure that highly sensitive customer information could not be intercepted or compromised. To solve this problem, Montagu Evan