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NCSP Group, operating and financial results

NCSP Group hereby announces its consolidated operating and financial results for the nine months ended 30 September 2018 prepared under International Financial Reporting Standards (IFRS).

Transshipment of cargo in 9M 2018 totaled 105 166 thousand tons, including 75 493 thousand tons of liquid cargo, 13 298 thousand tons of bulk cargo, 10 993thousand tons of general cargo, 4 681 thousand tons (469 thousand TEU) of containers and 702 thousand tons of other cargo.

NCSP Group’s consolidated revenue for 9M 2018 increased by $50 943 thousand or 7.7% year-on-year and totaled $712 500 thousand.

Group’s EBITDA and net profit in the reporting period totaled $512 931 thousand* and $215 698 thousand respectively.

As at 30 September 2018 cash and cash equivalents totaled $335 322 thousand. Net debt reduced to $775 989* thousand.

Net debt to LTM EBITDA ratio improved to 1.13* versus 1.64* at the beginning of the year.

NCSP Group Key Financial Metrics for the Nine Months 2018

(thousand US dollars)9М 20189М 2017ChangeChange %
Revenue712 500661 55750 9437,7%
EBITDA*512 931482 45330 4786,3%
EBITDA Margin*72,0%72,9%-0,9%
Profit for the period215 698359 354-143 656-40,0%
(thousand US dollars)30.09.201831.12.2017ChangeChange %
Debt (incl. financial lease)1 111 3111 196 425-85 114-7,1%
Cash and equivalents335 322121 528213 794175,9%
Net debt*775 9891 074 897-298 908-27,8%
Net debt / LTM EBITDA*1,131,64

* Management accounts

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