03.04.2017 NCSP Group Consolidated Financial Results for Full Year 2016
NCSP Group (LSE: NCSP, MoEx: NMTP) hereby announces consolidated financial results for the year ended 31 December 2016.
NCSP Group’s revenue for 12M 2016 totaled $865.6 million.
Group’s EBITDA increased by $18.5 million* or 2.8%* y-o-y and totaled $675.5 million*.
Net profit for 2016 totaled $638.2 million versus net loss of $83.4 million in 2015.
Cash and cash equivalents doubled since the last year and reached $234.1 million.
The Group’s debt including financial lease reduced by $115.7 million, while net debt reduced by $241.1 million or 17.2% y-o-y.
Net debt/EBITDA ratio improved to 1.72* versus 2.14* at the end of 2015.
NCSP Group Key Financial Indicators
* Management accounts
NCSP Group’s consolidated financial statements for 2016 are available at: http://nmtp.info/en/holding/investors/reporting/msfo/
Conference call and webcast for investors & analysts with NCSP Group’s management will be held on Tuesday, April 4, 2017 at 18:30 Moscow time.
Call title: NCSP Group 2016 Full Year Financial Results
Russian call ID: 99339654
English call ID: 25800915
Russia: +7 495 221 6523; 8 10 8002 041 40 11
UK and Europe: +44 203 043 24 40; 0 808 238 17 74
USA: +1 877 887 41 63
English webcast registration link
About NCSP Group
NCSP Group is the largest port operator in Russia and the third largest in Europe, in terms of cargo turnover in 2015. 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 volumes in 2016 totaled 146,9 million tons. Consolidated revenue to IFRS in 2015 totalled USD 877 million, and EBITDA was USD 657 million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, JSC Novorossiysk Grain Terminal, JSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, OJSC IPP, Baltic Stevedore Company LLC, and JSC SFP.
Kristina Senko, Public Relations: KSenko@ncsp.comMikhail Shchur, Investor Relations: MShchur@ncsp.com