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GLPR - Global Ports Investments News Story

$3.18 -0.1  -3.6%

Last Trade - 07/08/20

Sector
Industrials
Size
Mid Cap
Market Cap £465.5m
Enterprise Value £1.04bn
Revenue £277.3m
Position in Universe 528th / 1819

Global Ports Inv - Notification of H1 and Q2 2020 operational results

Mon 13th July, 2020 3:00pm
RNS Number : 8520S
Global Ports Investments PLC
13 July 2020
 

 

 

For immediate release                                                                                                                     13 July 2020

Global Ports Investments PLC

Notification of H1 and Q2 2020 operational results

Global Ports Investments PLC ("Global Ports" or the "Company" and, together with its wholly-owned subsidiaries and joint ventures, the "Group") (LSE ticker: GLPR) will publish its H1 and Q2 2020  operational results at 7 am UK time on Thursday, 16 July 2020.

ENQUIRIES

Global Ports Investor Relations

Mikhail Grigoriev / Tatiana Khansuvarova

+7 (812) 677 15 57

+7 916 991 73 96

E-mail: ir@globalports.com

Global Ports Media Relations

Maria Kobzeva

+7 (812) 677 15 57

E-mail: media@globalports.com

Teneo

 

Zoë Watt / Douglas Campbell

+44 20 7260 2700

E-mail: globalports@teneo.com

 

NOTES TO EDITORS

 

Global Ports Investments PLC

Global Ports Investments PLC is the leading operator of container terminals in the Russian market by capacity and container throughput.[1]

Global Ports' terminals are located in the Baltic and Far East Basins, key regions for foreign trade cargo flows. Global Ports operates five container terminals in Russia (Petrolesport, First Container Terminal, Ust-Luga Container Terminal[2] and Moby Dik[3] in the Russian Baltics, and Vostochnaya Stevedoring Company in the Russian Far East) and two container terminals in Finland[4] (Multi-Link Terminals in Helsinki and Kotka). Global Ports also owns inland container terminal Yanino Logistics Park[5] located in the vicinity of St. Petersburg.

Global Ports' revenue for 2019 was USD 361.9 million, and Adjusted EBITDA was USD 226.9 million. Consolidated Marine Container Throughput was 1,439 thousand TEU in 2019.

Global Ports' major shareholders are Delo Group, one of the largest private transportation and logistics holding companies in Russia (30.75%), and APM Terminals B.V. (30.75%), whose core expertise is the design, construction, management and operation of ports, terminals and inland services. APM Terminals operate a terminal network of 74 terminals globally. 20.5% of Global Ports shares are traded in the form of global depositary receipts listed on the Main Market of the London Stock Exchange (LSE ticker: GLPR).

For more information, please see: www.globalports.com

LEGAL DISCLAIMER

Some of the information in these materials may contain projections or other forward-looking statements regarding future events or the future financial performance of Global Ports. You can identify forward-looking statements by terms such as "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might" or the negative of such terms or other similar expressions. Any forward-looking statement is based on information available to Global Ports as of the date of the statement and, other than in accordance with its legal or regulatory obligations, Global Ports does not intend or undertake to update or revise these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Forward-looking statements involve known and unknown risks, and Global Ports wishes to caution you that these statements are only predictions and that actual events or results may differ materially from what is expressed or implied by these statements. Many factors could cause the actual results to differ materially from those contained in projections or forward-looking statements of Global Ports, including, among others, general political and economic conditions, the competitive environment, risks associated with operating in Russia and market change in the industries Global Ports operates in, as well as many other risks related to Global Ports and its operations. All written or oral forward-looking statements attributable to Global Ports are qualified by this caution.

 

[1] Company estimates based on 2019 throughput and the information published by the Association of Sea Commercial Ports ("ASOP").

[2] In which Eurogate currently has a 20% effective ownership interest.

[3] In which CMA Terminals currently has a 25% effective ownership interest.

[4] In each of which CMA Terminals currently has a 25% effective ownership interest.

[5] In which CMA Terminals currently has a 25% effective ownership interest.


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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