Corporate News – 30 June 2020

Aves One maintains strong investments in the Rail segment with a volume of EUR 65.3 million in the first half of the year

Aves One AG, a strongly growing logistics asset holder in the field of long-life logistics assets, continues its growth course unabatedly in the current market environment.

In the first half of the fiscal year 2020, Aves One rapidly further expanded its rail portfolio with investments amounting to approximately EUR 65.3 million (669 nearly fully leased freight cars). It is worth noting that around 75 percent of these were delivered only after the outbreak of the Covid-19 pandemic. After the weak delivery in the months of March and April, the investment volume has increased continuously and strongly.

Furthermore, the company has a strong pipeline with a current volume of more than EUR 130 million, some of which has already been fixed and some of which is in contractual negotiations. Deliveries are scheduled for the second half of 2020 and a relevant part for the 2021 fiscal year. Thus, the strategic focus of Aves One on the rail sector will be pursued consistently.

Next to the expansion of the rail fleet, also the swap body portfolio was further strengthened. In the first six months of the fiscal year, 221 swap bodies with long-term leases and a total volume of around EUR 2.1 million were delivered. In addition, a further 500 swap bodies with a volume of around EUR 4.6 million were ordered with delivery scheduled by the end of the year.

"For many, it may be surprising that our rail investments have increased above average despite Covid-19, especially in the second quarter. After the tough months for manufacturers in March and April, deliveries of new freight cars are currently going very well. These are difficult times for all market players. Despite the challenging environment caused by home office and travel restrictions, we have succeeded in recent weeks in acquiring attractive new rail business and also new well-known financing partners. Our pipeline is sound and we hope that it keeps up the current momentum in the second half of the year. Although our capacity utilisation figures in the rail and also in the container segment have recently been slightly weaker by 2-2.5 % compared to 2019, they are still at good levels historically. Our strategic approach, in particular our focus on a modern and diversified rail portfolio with a good client mix is proving its success, especially in difficult times", comments Jürgen Bauer, member of the Management Board of Aves One AG.