REG - PJSC Novorossiysk - NCSP Group Financial Results for 2015 <Origin Href="QuoteRef">NMTP.MM</Origin>

Novorossiyskiy morskoy torgovyi port PAOAnnouncement

04/04/2016 15:35

RNS Number : 1103U
PJSC Novorossiysk Comm. Sea Port
04 April 2016
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'srevenue for 2015 comprised $877.2 mln versus $955.6 mln in 2014. Group's EBITDAincreased 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. NCSPGroup 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
877191
955 645
(78454)
(8.2%)
EBITDA*
657 018
569 122
87 896
15.4%
EBITDA margin*
74.9%
59.6%
15.3 ..

Loss for the period
(83427)
(414663)
331 236

(thousand USD)
31.12.2015
31.12.2014
Change
Change %
Debt (including financial lease obligations)
1 511 516
1 741 365
(229849)
(13.2%)
Cash and cash equivalents
108 671
310 723
(202052)
(65.0%)
Net debt*
1 402 845
1 430 642
(27797)
(1.9%)
Net debt / EBITDA*
2.14
2.51


(thousand tonnes)
2015
2014
Change
Change %
Cargovolume
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 (17:00London 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: 83215225
English call ID: 83217347
Dial-in numbers:
Russia +7 499 6771036
UK +44 (0) 0844 4933800
US +1 631 510 7498
Other +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: KSenko@ncsp.com
Mikhail Shchur, Investor Relations: MShchur@ncsp.com

This information is provided by RNS
The company news service from the London Stock Exchange
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