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06.06.2017 NCSP Group Consolidated Financial Results for Q1 207

NCSP Group (LSE: NCSP, MoEx: NMTP) hereby announces its consolidated financial results for the three months, ending 31March 2017, prepared under International Financial Reporting Standards (IFRS).

NCSP Groups consolidated revenue for Q1 2017 increased by $5233 thousand or 2.4% year-on-year and totaled $226498 thousand.

Groups EBITDA and net profit in the reporting period totaled $172304 thousand* and $191325 thousand respectively.

Cash and cash equivalents at Groups disposal increased by $114249 thousand or 48.8% since the beginning of the year and reached $348387 thousand.

As cash increased Groups net debt reduced by $115 476 thousand or 9.9% compared to that at the beginning of the year.

Net debt to LTM EBITDA ratio improved to 1.59* versus 1.72* at the beginning of the year.

NCSP Group Key Financial Metrics


(thousand US dollars)

Q1 2017

Q1 2016

Change

Change %

Revenue

226 498

221 265

5 233

2.4%

EBITDA*

172 304

191 735

-19 431

-10.1%

EBITDA Margin*

76.1%

86.7%

-10.6 pp

Profit for the period

191 325

210 203

-18 878

-8.98%

(. . )

31.03.2017

31.12.2016

Change

Change %

Debt (incl. financial lease)

1394 608

1 395 835

-1 227

-

Cash and equivalents

348 387

234 138

114 249

48.8%

Net debt*

1 046 221

1 161 697

-115 476

-9.9%

Net debt / LTM EBITDA*

1.59

1.72

* Management accounts

Complete consolidates financial information for Q1 2017 is 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, 6 June 2017, at 17:00 Moscow time.

Call title: NCSP Group Q1 2017 Financial Results

Russian call ID: 74231059

English call ID: 53138729

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

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, LLC Primorsk Trade Port, JSC Novorossiysk Grain Terminal, 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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