Last checked at 7 Jun 2016 10:03
Press-release
NCSP Group Consolidated Financial Results for Q1 2016
07.06.2016
NCSP Group (LSE: NCSP, MoEx: NMTP) hereby announces consolidated financial resultsfor the three months ended 31 March 2016.
NCSP Group's revenue in Q1 206 totaled $221.3 million, showing 0.7% year-on-year increase.
Group's EBITDA increased by $23.4 million* or 13.9%* year-on-year and totaled $191.7 million*. EBITDA margin was up 10.1 percent point to 86.7%*.
Net profit for Q1 2016 increased almost three times year-on-year and reached $210.2 million.
Cash and cash equivalents at Group's disposal increased twofold compared to that on 31.12.2015 and reached $238.7 million.
Group's debt including financial lease did not change materially, while Net Debt/EBITDA ratio improved to 1.87* versus 2.14* at the beginning of the year, due to increase in cash.
NCSP Group Key Financial and Operating Indicators
(thousand US dollars) | Q1 2016 | Q1 2015 | Change | Change % |
Revenue | 221 265 | 219 834 | 1 431 | 0.7% |
EBITDA* | 191 735 | 168 376 | 23 359 | 13.9% |
EBITDA margin* | 86.7% | 76.6% | ||
Profit for the period | 210 203 | 71 001 | 139 202 | 196.1% |
(thousand US dollars) | 31.03.2016 | 31.12.2015 | Change | Change % |
Debt (including financial lease) | 1 510 394 | 1 511 516 | (1 122) | (0.1%) |
Cash and cash equivalents | 238 677 | 108 671 | 130 006 | 119.6% |
Net debt* | 1 271 717 | 1 402 845 | (131 128) | (9.3%) |
Net debt / LTM EBITDA* | 1.87 | 2.14 | ||
(thousand tonnes) | Q1 2016 | Q1 2015 | Change | Change % |
Cargo turnover | 37 019 | 35 626 | 1 393 | 3.9% |
* Management accounts
NCSP Group's consolidate financial statements available for download at: http://nmtp.info/holding/investors/reporting/msfo/
Conference call and webcast for investors & analysts will be held on Tuesday, June 7, 2016 at 17:00 Moscow time (15:00 GMT / 10:00 New York).
The call will be held in Russian, English translation available on a separate line.Webcast and slide-show are available in English only.Media are welcome to join the call in listen-only mode.
The call will be hosted by:
Sultan Batov, CEO of PJSC NCSP,German Kachan, Chief Accountant of PJSC NCSP,Mikhail Shchur, Investor Relations Director, PJSC NCSP
Call title: NCSP GROUP Q1 2016 FINANCIAL RESULTS
Russian call ID: 27196566; English call ID: 26315442
Webcast and slideshow (English only):https://engage.vevent.com/rt/nmtp/index.jsp?seid=78
Dial-in numbers:
Russia +7 499 6771036; UK +44 (0) 0844 4933800; US +1 631 510 7498; Other +44 (0) 1452 555566
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 cargo turnover in 2015 totalled 139.7 million tonnes. Consolidated revenue to IFRS in 2015 totalled $ 877 million, and EBITDA $657* million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, JSC Novorossiysk Grain Terminal, OJSC Novorossiysk Ship Repair Yard, OJSC NCSP Fleet, JSC NLE, OJSC IPP, Baltic Stevedore Company LLC, and JSC SFP.
* Management accounts
Contacts
Kristina Senko, Public Relations: KSenko@ncsp.com
Mikhail Shchur, Investor Relations: MShchur@ncsp.com