PJSC 'Novorossiysk Commercial Sea Port' (NCSP)
NCSP Group Consolidated Financial Results for Full Year 2017

02-Apr-2018 / 17:30 CET/CEST
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NCSP Group Consolidated Financial Results for Full Year 201 7

0 2 . 04.2018

NCSP Group (LSE: NCSP, MoEx : NMTP) hereby announces consolidated financial results for the year ended 31 December 201 7 .

NCSP Group's revenue for 12 M 201 7 in creased by $34 . 2 million or 4.0% y-o-y and   reached $899 .8 million.

Group's EBITDA * for 2017 comprised $653.7 mln versus $675.5 mln in 2016 .

Net profit for 201 7 totaled $ 439 . 0 million versus   $ 632.8 million in 201 6 .

Cash and cash equivalents at the end of 2017 totaled $ 121.5 million versus   $ 234.1 at the end of 2016 .

The Group's debt including financial lease reduced by $ 1 99 . 4 million , while n et d ebt * reduce d by $ 86 . 8 million or 7 . 5 % y-o-y.

Net debt /EBITDA ratio improved to 1. 64 * at the end of 2017 versus 1 . 72 * at the end of 201 6 .

 

NCSP Group Key Financial Indicators

( in thousand USD )

201 7

201 6

Change

Change %

Revenue

899 831

865 591

34 240

4,0%

EBITDA*

653 743

675 481

-21 738

-3,2%

Profit for the period

438 952

632 834

-193 882

-30,6%

( in thousand USD )

3 1 .12.201 7

31.12.201 6

Change

Change %

Debt (including financial lease)

1 196 425

1 395 835

-199 410

-14,3%

Cash and cash equivalents

121 528

234 138

-112 610

-48,1%

Net debt*

1 074 897

1 161 697

-86 800

-7,5%

Net debt / LTM EBITDA*

1,64

1,72

 

 

* Management accounts

NCSP Group's consolidated financial statements for 201 7 are available at: http://nmtp.info/en/holding/investors/reporting/msfo/,  it is also attached to this press-release.

About NCSP Group

NCSP Group is the largest port operator in Russia and the third largest in Europe, in terms of cargo turnover in 201 7 . NCSP shares are traded on Russia's Moscow Exchange (ticker: NMTP) and on the London Stock Exchange in the form of GDRs (ticker: NCSP). NCSP Group cargo turnover in 201 7 totalled 143 . 5 * million tonnes. Consolidated revenue to IFRS in 201 7 totalled USD 8 99 . 8 million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, LLC Novorossiysk Grain Terminal, JSC Novorossiysk s hip r epair y ard, JSC F NCSP, JSC NLE, LLC IPP, LLC Baltic Stevedore Company, and JSC SFP.

 

Contacts

Kristina Senko, Public Relations:       KSenko@ncsp.com

Alexey Burykin , Investor Relations:     ABurykin@ncsp.com


Attachment

Document title: NCSP Group Consolidated Financial Results for Full Year 2017
Document: http://n.eqs.com/c/fncls.ssp?u=RSDEGKWQCP


ISIN: US67011U2087
Category Code: FR
TIDM: NCSP
OAM Categories: 1.1. Annual financial and audit reports
Sequence No.: 5357

 
End of Announcement EQS News Service

670793  02-Apr-2018 

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