TIP Trailer Services 2017 Annual Report

AMSTERDAM-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/

Contacts

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

 

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