Transcontainer, PJSC

PJSC "TransContainer" - a subsidiary of JSC "United Transport and Logistics Company" (OTLC), established by JSC "Russian Railways," JSC "Kazakhstan Temir Zholy" and the Belarusian Railway - was registered on March 4, 2006 on the basis of the branch of Russian Railways - Center for the transportation of goods in containers "TransContainer." The Company began its business activities on July 1, 2006.

PJSC TransContainer is a Russian container operator that has 46 own terminals in all cargo-forming centers of Russia, as well as 19 railway terminals in Kazakhstan (through the joint company JSC Kedentransservice, the leading private operator of a network of railway terminals in the Republic of Kazakhstan), and operates the Dobra container terminal located on the border of Slovakia and Ukraine. The Company's sales network includes about 130 sales offices in Russia, with presence in the CIS, Europe and Asia. In addition, the Company is the largest owner of a fleet of specialized rolling stock in Russia, the CIS and the Baltic countries: it owns about 27 thousand fitting platforms and about 64 thousand large-tonnage containers.

Shares of PJSC TransContainer are traded on the Moscow Exchange. Depositary receipts for the Company's shares are traded on the London Stock Exchange.

50% plus 2 shares of TransContainer belong to OTLC, controlled by Russian Railways. 11.2% of the shares were owned by Transfingrup Management Company NPF Blagosostoyanie. 24.17% of FESCO, controlled by Summa group Ziyavudin Magomedov.

In the spring of 2016, the EBRD withdrew from the capital of Transcontainer, selling its stake to NPF Blagosostoyanie, Kommersant writes. The EBRD clarified that the entire package was sold - 9.24%. The total amount of the transaction is 2.75 billion rubles, the share price is 2.39 thousand rubles, which gives a premium of about 15% to the average value of the paper for six months.

Earlier, Transcontainer was considered as a key asset of OTLC, which was supposed to become the largest container operator in Russia, Belarus and Kazakhstan, also combining container and terminal assets of Belarusian and Kazakh railways. But after the change of the head of Russian Railways, the consolidation of OTLK stalled, and in January, Russian Railways President Oleg Belozerov announced that the monopoly had agreed with Kazakhstan Temir Zholy to change the format of OTLK. The joint venture will continue to exist in a "lightweight" format, assets will not be contributed to it, and Russian Railways will take Transcontainer and Russian Railways-Logistics from it. According to some estimates, it may take about a year to take Transcontainer outside the BTLC.

The EBRD explained that the sale is related to the bank's investment policy, which involves entering the company's capital for a certain period and then leaving it. The company clarified that the investment horizon is relatively short - five to seven years. The NPF Blagosostoyanie added that the company is seriously undervalued, moreover, now the fund will receive another place on the board of directors, which will give it a qualified majority together with Russian Railways. At the same time, it is not specified what money the NPF used to buy securities - pension reserves or own funds.

Performance indicators

2024: Decrease in revenue by 7% to 185.1 billion rubles

Transcontainer's revenue at the end of 2024 decreased by 7% and amounted to ₽185,1 billion. In 2023, this figure was higher. Financial results were published in March 2025 in International Financial Reporting Standards (IFRS) reporting.

According to Interfax, in addition to a decrease in revenue, the company also recorded a decrease in net profit by 1.42 times - up to ₽14,1 billion. At the same time, EBITDA showed an increase of 10% and reached ₽46,29 billion, which indicates an improvement in the operational efficiency of the business.

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Фото: Freepik

Transcontainer is Russia's largest operator of fitting platforms used to transport containers by rail. The company manages a fleet of 41 thousand fitting platforms and 141 thousand containers. The company also owns 35 of its own railway terminals and operates three more partner terminal infrastructure facilities.

Despite the decline in financial performance, Transcontainer continues to be active in investment activities. In 2024, the total volume of the company's investment program amounted to ₽10,7 billion excluding VAT.

Most of the investment funds were used to purchase 1.2 thousand 80-foot fitting platforms. This acquisition made it possible not only to fully compensate for the retirement of about 800 decommissioned 60-foot cars, but also to ensure an increase in the capacity of its own fleet by about 2.7 thousand. DFE (twenty-foot equivalent).

To update the container fleet, the company in 2024 acquired 6.6 thousand 40-foot large-tonnage containers. This solution is aimed at reducing the average age of the park, which reduces repair costs and improves the quality of customer service.

Transcontainer allocated ₽2,2 billion for the development of the terminal network in 2024. The funds were used to continue the implementation of projects launched in previous periods at key transport hubs.^[1]

2023: Revenue growth by 7% to RUB 185.02 billion

In 2023, TransContainer raised 185.02 billion rubles, which is 7% more than a year earlier. The net profit of the railway operator during this time decreased by 5.2%, to 17.16 billion rubles. The company published such data on RAS in mid-February 2024.

According to Interfax, citing materials from Transcontainer, in 2023 the company received a gross profit of 37.15 billion rubles, which is 6.4% higher than a year ago. Profit before tax remained almost unchanged and amounted to 21.21 billion rubles. Other revenues for 2023 decreased from 11.775 billion rubles to 9.796 billion rubles.

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Фото: TransContainer

The volume of the company's long-term obligations as of December 31, 2023 compared to the end of 2022 increased from 66.824 billion rubles to 77.281 billion rubles, short-term - decreased from 75.822 billion rubles to 56.895 billion rubles.

The volume of revenue transportation of TransContainer in 2023 increased by 2.6%, to 2.18 million DFE. The main drivers were transportation in the import and domestic Russian directions. Their volumes increased by 10.1% (to 606 thousand DFE) and by 5.9% (up to 716 thousand DFE), respectively.

As noted in the company, the surplus of containers in the Moscow transport hub and attractive rates for customers for shipments in the eastern direction stimulated the demand for routes within Russia. Among other things, this stream was used to deliver containers to key export centers of the country for further export of products to China and other states, from where imports are coming from in the Russian Federation.

In turn, imports retained positive dynamics, despite the weakening of the ruble exchange rate. In the second half of 2023, transit growth was marked, primarily due to the flow of Belarusian goods through the ports of the North-West of the Russian Federation, as well as Korean and Chinese auto parts to Kazakhstan and Uzbekistan, TransContainer added^[2]

History

2023: Appointment of Mikhail Kontserev as CEO

In November 2023, Mikhail Kontserev headed PJSC TransContainer"," which is the largest container operator Russia and is part of the "" group. Business In the position of the general director of the company, he replaced instead. Vitaly Evdokimenko More. here

2022: Appointment of Vitaly Evdokimenko as President of TransContainer

At the end of September 2022, TransContainer announced the appointment of Vitaly Evdokimenko as the new president of the company. In this post, he replaced Alexander Isurin. Read more here.

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