Core Insights - The company reported a total restated revenue of €39.0 million for Q1 2025, representing a 7.2% increase compared to €36.4 million in Q1 2024 [2][8] - The growth in owned activity contributed €2.0 million, reflecting a 5.7% increase [8] Revenue Breakdown - Leasing revenue from owned equipment decreased to €17.1 million, down by €2.2 million from €19.4 million in Q1 2024 [3][9] - Ancillary services revenue increased to €4.7 million, up by €1.7 million compared to €3.0 million in Q1 2024 [3][9] - Sales of owned equipment rose to €14.7 million, an increase of €2.5 million from €12.2 million in the same period last year [3][9] Activity Performance - Revenue from management activity amounted to €2.2 million, showing a 24.9% increase over the previous year [4] - The Freight Railcars activity experienced a decline of €0.8 million (-5.7%), attributed to lower leasing revenue and maintenance contract volumes [11] - The River Barges activity saw an increase of €1.4 million (+46.1%), driven by strong performance in both owned and management activities [12] Market Trends - The company noted a mixed short-term outlook due to geopolitical issues and low European economic growth impacting intermodal rail transport [15] - However, the long-term trend remains positive, supported by growing demand for environmentally friendly transport solutions [16] Company Overview - TOUAX Group manages €1.3 billion in assets and is a leading player in the leasing of freight railcars, river barges, and containers [17]