Aves One AG, DE000A168114

Aves One AG, DE000A168114

23.05.2017 - 11:38:37

Aves One AG: Aves One AG continues to expand its Special Equipment business area

Corporate NewsAves One AG continues to expand its Special Equipment business areaHamburg, 23 May 2017 -Aves One AG has ordered a further total of 1,000 swap bodies with an investment volume of around EUR 9 million from the truck builder Fahrzeugwerke Bernard Krone GmbH & Co. KG. All the transport containers have been leased on a long-term contract to one of Germany's leading parcel and cargo service providers. The swap bodies are scheduled for delivery in tranches and handover to the hirer from mid-June 2017 to late November 2017.

Completion of this contract will expand the Aves Group's asset volume in the Special Equipment business area to around EUR 29 million. With reference to the current order to Krone, Jürgen Bauer, Managing Director of Aves One AG, explained that "We plan further expansion of the special containers business in the coming quarters to enable participation in this fast-growing market."

A swap body is an interchangeable load carrier with four fold-out support legs that can be transported flexibly on various carrier vehicles. Swap bodies allow flexible use by logistics companies. In the Special Equipment area, logistics companies in the so-called courier, express and parcel market (CEP market) are among the main hirers of swap bodies. The German Parcel and Express Logistics Association e. V. expects 5.4% annual growth in the volume of parcels handled to a total of 3.8 billion shipments by 2020 (2016: 3.1 billion). Increasing online trading in the B2C (business to consumer) segment remains one of the main growth drivers. The European swap body fleet consists of around 310,000 transport containers.

More information: www.avesone.com

Contact Aves One AG Jürgen Bauer, Executive Director Tel.: +49 (40) 696 528 350 Fax: +49 (40) 696 528 359 E-mail: ir@avesone.com

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Language: English

Company: Aves One AG Große Elbstrasse 45 22767 Hamburg

Germany Phone: 040 696528 350 Fax: 040 696528 359 E-mail: ir@avesone.com Internet: www.avesone.com ISIN: DE000A168114 WKN: A16811 Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg, Hanover; Regulated Unofficial Market in Berlin, Dusseldorf   End of News DGAP News Service

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