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Axis optimistic about UK growth
15th May 2008, Page 14
15th May 2008
Page 14
Page 14, 15th May 2008
— Axis optimistic about UK growth
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AXIS INTERMODAL, the European transport equipment contract hire group, increased turnover and profits last year. and remains confident of further growth within its UK operations.
Preliminary results for the year ending 31 December 2007 show turnover increased by 32% to £12m, with pre-tax profits and share-based payment increasing to £646,000, compared with £601,000 in 2006.
Early indications show that the launch of its marine containers lease business, SeaAxis, has been successful and allowed penetration into the Far East and US markets.
Its UK performance was in line with expectations; its contract hire fleet grew by 93% for the year.