02.04.2018 NCSP Group Consolidated Financial Results for Full Year 2017
NCSP Group (LSE: NCSP, MoEx: NMTP) hereby announces consolidated financial results for the year ended 31 December 2017.
NCSP Group’s revenue for 12M 2017 increased by $34.2 million or 4.0% y-o-y and reached $899.8 million.
Group’s EBITDA* for 2017 comprised $653.7 mln versus $675.5 mln in 2016.
Net profit for 2017 totaled $439.0 million versus $632.8 million in 2016.
Cash and cash equivalents at the end of 2017 totaled $121.5 million versus $234.1 at the end of 2016.
The Group’s debt including financial lease reduced by $199.4 million, while net debt* reduced by $86.8 million or 7.5% y-o-y.
Net debt/EBITDA ratio improved to 1.64* at the end of 2017 versus 1.72* at the end of 2016.
NCSP Group Key Financial Indicators
* Management accounts
NCSP Group’s consolidated financial statements for 2017 are available at: http://nmtp.info/en/holding/investors/reporting/msfo/
About NCSP Group
NCSP Group is the largest port operator in Russia and the third largest in Europe, in terms of cargo turnover in 2017. 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 2017 totalled 143.5* million tonnes. Consolidated revenue to IFRS in 2017 totalled USD 899.8 million. NCSP Group consolidates the following companies: PJSC Novorossiysk Commercial Sea Port, LLC Primorsk Trade Port, LLC Novorossiysk Grain Terminal, JSC Novorossiysk shiprepair yard, JSC FNCSP, JSC NLE, LLC IPP, LLC Baltic Stevedore Company, and JSC SFP.
Kristina Senko, Public Relations: KSenko@ncsp.com
Alexey Burykin, Investor Relations: ABurykin@ncsp.com