TIP Trailer Services Releases its 2018 Annual Report
06-03-2019, AMSTERDAM (BUSINESS WIRE)- In his letter to stakeholders, Bob Fast, CEO, drew attention to strong underlying trading performance in growing markets:
“We had another year of strong execution, growing revenue by 9% to €565m. We continue to retain and attract new customers while improving our operational delivery. With a new shareholder supporting us, we are in a strong position to further grow our business and our returns.”
In his review on financial performance, Malachy Mc Enroe, CFO, focusing on financing and costs added:
“2018 was another year of strong trading performance which showed both robust revenue growth and improved EBITDA margins. We successfully completed our sale to I Squared Capital and refinanced and expanded our principal funding facility. We have a solid and flexible base to grow and navigate any economic downturn which might arise over the coming years”. The full TIP Trailer Services annual report is available here.
About TIP Trailer Services
Headquartered in Amsterdam, the Netherlands, TIP Trailer Services is one of Europe and Canada’s leading equipment service providers, specialising in trailer leasing, rental, maintenance and repair, as well as other value-added services and provides these to transportation and logistics customers across Europe and Canada. TIP services customers from 90+ locations spread over 17 countries in Europe and Canada.
Questions or additional information, please contact:
TIP Trailer Services Management B.V.
Kapil Sharma Treasury and Investor Relations Director
T +31 20 504 1677
M +31 621 105358
Ana Pérez Latorre
Senior Investor Relations Manager
T +31 20 504 2241
M +31 650 855133