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29.08.2017 NCSP Group Consolidated Financial Results for H1 2017

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

NCSP Groups consolidated revenue for H1 2017 increased by $6895 thousand or 1.6% compared to that of H1 2016 and reached $448859 thousand.

Groups EBITDA and net profit in the reporting period totaled $330467 thousand* and $246 001 thousand, which is 7.6% and 32.4% less than that of six months 2016 respectively.

Groups debt as of 30 June 2017 reduced by $101254 thousand or 7.3% since the beginning of the year.

NCSP Group Key Financial Metrics

(thousand US dollars)

H1 2017

H1 2016

Change

Change %

Revenue

448 859

441 964

6 895

1.6%

EBITDA*

330 467

357 812

-27 345

-7.6%

EBITDA Margin*

73.6%

81%

-7.4 pp

Profit for the period

246001

363 982

-117 981

-32.4%

(thousand US dollars)

30.06.2017

31.12.2016

Change

Change %

Debt (incl. financial lease)

1294 581

1 395 835

-101 254

-7.3%

Cash and equivalents

122 743

234 138

-111 395

-47.6%

Net debt*

1171 838

1 161 697

10 141

0.9%

Net debt / LTM EBITDA*

1.81

1.72

-

-

* Management accounts

Complete consolidates financial statements for H1 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 Wednesday, 30 August 2017, at 18:00 Moscow time.

Call title: NCSP Group Half-year 2017 Financial Results

Russian call ID: 17893972

English call ID: 29712568

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=4967

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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