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PRESS RELEASE Paris , 14 May 2021 - 5.45 p.m. Touax® YOUR OPERATIONAL LEASING SOLUTION FOR SUSTAINABLE TRANSPORTATION Q1 2021 restated revenues from activities • Restated revenues from activities amounted to € 24.6m in Q1 2021 , stable in constant dollars compared to the same period in 2020 . Favourable outlook with a significant order book New segmentation of revenues between owned activities and management activities . In order to enable a more detailed and more accurate reading of its activities , the Group decided to update the key indicators of its quarterly report : Revenues from activities are restated in order to present owned activities separately from management activities . For management activities , leasing revenue from investor - owned equipment is replaced by management fees , which correspond to the net contribution of the leasing management activity to the Group's performance . This presentation shows syndication fees , sales fees and now management fees , grouped together under management activity , separate from owned activity . The accounting presentation of revenue from activities and the contribution by division is presented in the appendix to the press release . ANALYSIS OF Q1 2021 REVENUES FROM ACTIVITIES The restated presentation of revenues from activities is as follows : Restated Revenue from activities ( in € thousand ) Q1 2021 Q1 2020 variation variation % Leasing revenue on owned equipment Ancillary services Total leasing activity Sales of owned equipment Total sales of equipment Total of owned activity Syndication fees Management fees ( a ) Sales fees Total of management activity 13,229 13,426 -197 -1.5 % 2,745 3,044 -299 -9.8 % 15,974 16,470 -496 -3.0 % 7,085 5,872 1,213 20.7 % 7,085 5,872 1,213 20.7 % 23,059 22,342 717 3.2 % 17 232 -215 -92.7 % 897 937 -40 -4.3 % 591 2,128 -1,537 -72.2 % 1,505 3,297 -1,792 -54.4 % Other capital gains on disposals 0 15 Total Others 0 15 -15 -15 -100.0 % -100.0 % Total Restated Revenue from activities 24,564 25,654 -1,090 -4.2 % ( a ) The " leasing revenue from investor - owned equipment " is replaced by " management fees " . The total restated revenues from activities in Q1 2021 amounted to € 24.6 million , € 25.4 million at constant scope and currency¹ , compared to € 25.7 million at the same period in 2020 . 1 Based on a comparable structure and average exchange rates in Q1 2020