Axis optimistc about UK growth
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 pct to GBP 12m, with pre-tax profits and share-based payment increasing to GBP 646,000, compared with GBP 601,000 in 2006.
Early indications show that the December 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 pct for the year and its customer base by 43 pct. Axis executive chairman Robert Montague comments: “This year has seen positive growth across all our operations. We anticipate continued strong growth over the current financial year through both organic growth and appropriate acquisitions, should the opportunity arise.”
Axis Intermodal was established in 1995 to take advantage of the growing market for intermodal swapbodies. Its customers include DHL Exel, Geopost and Kerry Logistics.
