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05.12.2017 NCSP Group Consolidated Financial Results for 9M 2017

NCSP Group (LSE: NCSP, MoEx: NMTP) hereby announces its consolidated financial results for the nine months, ending 30September 2017, prepared under International Financial Reporting Standards (IFRS).

NCSP Groups consolidated revenue for 9M 2017 increased by $12252 thousand or 1.9% compared to that of 9M 2016 and reached $661557 thousand.

Groups EBITDA and net profit in the reporting period totaled $482453 thousand* and $359354 thousand, which is 6,7% and 26.4% less than that of nine months 2016 respectively.

NCSP Group Key Financial Metrics

(thousand US dollars)

9M 2017

9M2016

Change

Change %

Revenue

661 557

649 305

12 252

1.9%

EBITDA*

482 453

516 929

-34 476

-6.7%

EBITDA Margin*

72.9%

79.6%

-6.7 pp

-

Profit for the period

359 354

488 469

-129 115

-26,4%

(thousand US dollars)

30.09.2017

31.12.2016

Change

Change %

Debt (incl. financial lease)

1296 654

1 395 835

-99181

-7.1%

Cash and equivalents

150 177

234 138

-83 961

-35.9%

Net debt*

1146 477

1 161 697

-15 220

-1.3%

Net debt / LTM EBITDA*

1.79

1.72

-

-

* Management accounts

Complete consolidates financial statements for 9M 2017 are available for downloading at:
http://nmtp.info/en/holding/investors/reporting/msfo/

Conference call for investors and analysts hosted by NCSP Group management will be held on Tuesday, 05 December 2017, at 16:00 Moscow time.

Call title: NCSP Group Financial Results for 9 months 2017

Russian call ID: 51382040

English call ID: 89628916

Dial-in numbers:

Russia: +7495221 6523; 8 108002 041 40 11

UK and Europe: +44203 043 24 40; 0 808 238 17 74

US: +1877 887 41 63

Webcast registration link

http://www.audio-webcast.com/cgi-bin/visitors.ssp?fn=visitor&id=5213

Media are welcome in listen-only mode.

About NCSP Group

NCSP Group is the largest port operator in Russia and the third largest in Europe by cargo turnover in 2016. NCSP Group is traded on Moscow Exchange (NMTP) and London Stock Exchange as GDRs (NCSP). NCSP Group volumes in 2016 totaled 147 million tons. Consolidated revenue to IFRS in 2016 totaled $865.5 million and EBITDA $675.5 million. NCSP Group consists of: PJSC Novorossiysk Commercial Sea Port, Primorsk Trade Port LLC, Novorossiysk Grain Terminal LLC, OJSC Novorossiysk Ship Repair Yard, JSC NCSP Fleet, JSC NLE, OJSC IPP, Baltic Stevedore Company LLC, JSC SFP.

Contacts

Kristina Senko, Public Relations: KSenko@ncsp.com

Mikhail Shchur, Investor Relations: MShchur@ncsp.com

 

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