4th Apr 2016 15:30
Press release
NCSP Group 2015 Financial Results
04.04.2016
Novorossiysk Commercial Sea Port Group (LSE: NCSP, MoEx: NMTP) hereby announces consolidated financial results to IFRS for the year ended December 31, 2015.
NCSP Group's revenue for 2015 comprised $877.2 mln versus $955.6 mln in 2014. Group's EBITDA increased by $87.9 mln* or 15.4% year on year and reached $657.0 mln* in 2015. EBITDA margin increased by 15.3 percent points up to 74.9%* versus 59.6%* in 2014. NCSP Group recorded net loss for 2015 in the amount of $83.4 mln versus $414.7 mln loss in 2014.
NCSP Group's key operating and financial metrics
(thousand USD) | 2015 | 2014 | Change | Change % |
Revenue | 877 191 | 955 645 | (78 454) | (8.2%) |
EBITDA* | 657 018 | 569 122 | 87 896 | 15.4% |
EBITDA margin* | 74.9% | 59.6% | 15.3 п.п. | |
Loss for the period | (83 427) | (414 663) | 331 236 | |
(thousand USD) | 31.12.2015 | 31.12.2014 | Change | Change % |
Debt (including financial lease obligations) | 1 511 516 | 1 741 365 | (229 849) | (13.2%) |
Cash and cash equivalents | 108 671 | 310 723 | (202 052) | (65.0%) |
Net debt* | 1 402 845 | 1 430 642 | (27 797) | (1.9%) |
Net debt / EBITDA* | 2.14 | 2.51 | ||
(thousand tonnes) | 2015 | 2014 | Change | Change % |
Cargo volume | 139 690 | 131 132 | 8 558 | 6.5% |
* Management accounts
NCSP Group's consolidate financial statements available for download at:
http://www.rns-pdf.londonstockexchange.com/rns/1103U_-2016-4-4.pdf
Conference call and webcast for investors & analysts will be held on Tuesday, April 5, 2016 at 19:00 Moscow time (17:00 London time / 12:00 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 2015 FINANCIAL RESULTS
Russian call ID: 83215225English call ID: 83217347
Dial-in numbers:
Russia +7 499 6771036UK +44 (0) 0844 4933800US +1 631 510 7498Other +44 (0) 1452 555566
Webcast and slideshow (English only):https://engage.vevent.com/rt/nmtp/index.jsp?seid=74
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: [email protected]
Mikhail Shchur, Investor Relations: [email protected]
Related Shares:
Pjsc Novor. S