HomeFeedbackSite mapRussian version

Bloomberg 31.05.2019
Bloomberg: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         1 021 018  1 017 042  3 976     0,4%
lease)
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. 

 

Back to list