CONSENSUS: Analysts expect almost 30% increase in TransContainer 2012 IFRS net profits
MOSCOW. April 24 (Interfax) - Analysts at investment companies and banks surveyed by Interfax for a consensus forecast predict that OJSC TransContainer will post net profits to International Financial Reporting Standards (IFRS) of 5.03 billion rubles for 2012, which would be a roughly 29.4% increase.
Net profits are anticipated at from 4.692 billion to 5.256 billion rubles. TransContainer made 3.843 billion rubles in IFRS net profits for 2011.
Adjusted sales revenues, not counting the third-party tariff component, are expected at almost 26 billion rubles for last year, up 14.5%, with the predictions ranging from 23.882 billion to 27.75 billion rubles. The consensus forecast for TransContainer's earnings before interest, taxes, depreciation, and amortization (EBITDA) amounts to 9.884 billion rubles, which would be a 17% increase on 2011, and with the predictions running from 9.633 billion to 10.419 billion rubles.
Forecast TransContainer IFRS financials for 2012, bln rubles:
| Company | Net profit | Sales revenue (adjusted) * | EBITDA |
| VTB Capital ** | 5.256 | 27.492 | 10.419 |
| Metropol | 5.04 | 27.75 | 9.83 |
| Otkritie Capital | 4.939 | 25.673 | 9.768 |
| RMG *** | 4.692 | 25.571 | 9.818 |
| Sberbank CIB | 5.027 | 23.882 | 9.834 |
| Uralsib Capital | 4.886 | 25.62 | 9.633 |
| Consensus forecast | 4.973 | 25.998 | 9.884 |
| IFRS figures for 2011 | 3.843 | 22.701 | 8.448 |
| Forecast dynamic: 2012/2011 | +29.4% | +14.5% | +17% |
* Adjusted figure not counting third-party tariff component.
** Forecast in dollars at 31.1 rubles/$1.
*** Forecast in dollars at 31.07 rubles/$1.
TransContainer will be releasing its IFRS financials for last year on Thursday, April 25. A conference call will be held the following day at 4:00 p.m. Moscow time.
TransContainer operates or manages more than 25,000 flatcars and around 62,000 heavy container cars, as well as a network of terminals in Russia (at 46 stations) and in Slovakia. It also owns 67% of KedenTransService, a terminal operator in Kazakhstan. Russian Railways (RZD) owns 50% plus two shares in TransContainer, the Fesco transport group 23.7%, the European Bank for Reconstruction and Development (EBRD) 9.25%, and pension fund Blagosostoyanie 6.3%.