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31.05.2019 NCSP Group Consolidated Financial Results for Q1 2019

NCSP Group (LSE: NCSP, MoEx: NMTP) hereby announces its consolidated operating and financial results for the three months, ended 31 March 2019, prepared under International Financial Reporting Standards (IFRS).


Transshipment of cargo in Q1 2019 totaled 35 950 thousand tons, including 26 540 thousand tons of liquid cargo, 3 678 thousand tons of bulk cargo, 4 092 thousand tons of general cargo, 1 509 thousand tons (161 thousand TEU) of containers and 131 thousand tons of other cargo.

NCSP Group’s consolidated revenue for Q1 2019 increased by $1 977 thousand or 0,8% year-on-year and totaled $239 885 thousand.


Group’s EBITDA and net profit in the reporting period totaled $186 684 thousand* and $167 737 thousand respectively.

Cash and cash equivalents at 31 March 2019 totaled $183 224 thousand. Net debt reduced to $837 794 thousand.

Net debt to LTM EBITDA ratio improved to 1,22* versus 1,26* at the beginning of the year.


NCSP Group Key Financial Metrics for the Q1 2019


(thousand US dollars)

Q1 2019

Q1 2018

Change

Change %

Revenue

239 885

237 908

1 977

0,8%

EBITDA*

186 684

167 997

18 687

11,1%

EBITDA Margin*

77,8%

70,6%

7,2%

 

Profit for the period

167 737

111 170

56 567

50,9%

(thousand US dollars)

31.03.2019

31.12.2018

Change

Change %

Debt (incl. financial lease)

1 021 018

1 017 042

3 976

0,4%

Cash and equivalents

183 224

172 865

10 359

6,0%

Net debt*

837 794

844 177

-6 383

-0,8%

Net debt / LTM EBITDA*

1,22

1,26

 

 


* Management accounts

Complete consolidated financial information for Q1 2019 is available for downloading at:
http://nmtp.info/en/holding/investors/reporting/msfo/

Additionally inform that in April 2019, the Group sold 99,9968% of LLC NZT. The transaction price was $543 709 thousand and should be adjusted by the amount of deviation of the actual working capital of LLC NZT from the estimated value of $4 600 thousand.

About NCSP Group

NCSP Group is the largest port operator in Russia and the third largest in Europe, in terms of cargo turnover in 2018. 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 2018 totalled 140,2* million tonnes. Consolidated revenue to IFRS in 2018 totalled USD $951 million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, JSC Novorossiysk shiprepair yard, JSC FNCSP, JSC NLE, LLC IPP, LLC Baltic Stevedore Company, and LLC SFP.

Contacts

Public Relations: PR@ncsp.com

Investor Relations: IR@ncsp.com

 

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