PJSC TransContainer announced audited consolidated earnings results for the full year ended December 31, 2017. For the year, the company reported total revenue of RUB 65,567 million against RUB 51,483 million a year ago. Operating profit was RUB 7,776 million against RUB 3,849 million a year ago. Profit before income tax was RUB 8,172 million against RUB 4,079 million a year ago. EBITDA was RUB 11,474 million against RUB 7,099 million a year ago. Profit for the period was RUB 6,534 million against RUB 3,244 million a year ago. Net debt as on December 31, 2017 was RUB 2,241 million against RUB 3,534 million as at December 31, 2016. On the back of the strong customer demand for transportation services, the company's capital expenditure tripled in 2017 and amounted to RUB 6,896 million, which were spent on the acquisition of containers, flatcars and investments in terminal infrastructure. All capital expenditure during the reporting period was financed by the company's own cash flow. LTM EBITDA was RUB 11,474 million against RUB 7,099 million a year ago. Total revenue increased by RUB 14,084 million, or 27.4% year-on-year, primarily resulted from an increase in transportation volumes by the company's assets, as well as terminal handling volumes on the back of the growing rail container transportation market. Total adjusted revenue was RUB 27,782 million against RUB 21,988 million a year ago. Adjusted revenue grew by 26.4% year-on-year, due to an increase in revenue from integrated freight forwarding and logistics services, as well as terminal services, bonded warehousing services and agency fees. Net cash provided by operating activities was RUB 8,466 million against RUB 6,236 million a year ago. Cash flow generated by operating activities increased by RUB 2,230 million, or 35.8% year-on-year, mainly due to an increase in operating profit.

The company's capital expenditure programme is aimed at maintaining its position as a market leader in the Russian container sector, strengthening its competitive advantages, as well as optimising its asset structure and key operational metrics. The total capital expenditure for 2018 is budgeted at RUB 12.3 billion (excluding VAT and log-term financial investments). The 2018 CAPEX programme is focused on the acquisition of flatcars and ISO containers and further improvement of terminal infrastructure.