DJ NCSP Group's consolidated financial and operational results for the 9 months of 2021
PJSC 'Novorossiysk Commercial Sea Port' (NCSP) NCSP Group's consolidated financial and operational results for the 9 months of 2021 02-Dec-2021 / 15:10 MSK Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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01.12.2021
NCSP Group's consolidated financial and operational results for the 9 months of 2021
NCSP Group (LSE: NCSP; MOEX: NMTP) publishes its consolidated financial results for the 9 months of 2021 prepared in accordance with the International Financial Reporting Standards (IFRS).
Consolidated cargo turnover of NCSP Group for the 9 months of 2021 totaled 84.9 mln. tons, including 67.6 mln. tons of liquid cargo, which is 0.5 and 0.1 mln. tons up year-on-year, respectively. Cargo turnover of dry cargo increased by 0.4 mln. tons and amounted to 17.3 mln. tons. "The liquid cargo turnover is recovering although it is still influenced by the reduction of crude oil transshipment due to OPEC+ agreement since May 1, 2020 to limit oil production", CEO of NCSP PJSC Sergey Kireev said.
Consolidated revenue of NCSP Group for the 9 months of 2021 totaled USD 526.1 mln., which is USD 44.6 mln. (or 9.3%) more compared to the 9 months of 2020. "First of all, the growth in revenue was due to an increase in containers, ferrous metals, oil products and chemical cargo", Sergey Kireev added.
EBITDA of NCSP Group amounted to USD 363 mln. in the reporting period. Cash and cash equivalents as at September 30, 2021 stood at USD 216.2 mln. The Group's net debt reduced by USD 143.1 mln.
NCSP Group's key financial indicators for the 9 months of 2021
Indicator UOM 9M 2021 9M 2020 Change Change, %
Revenue mln.USD 526.1 481.5 44.6 9.3%
EBITDA mln.USD 363.0 327.7 35.3 10.8%
EBITDA margin % 69.0% 68.1% 0.9%
Profit for the period mln.USD 233.9 58.9 175 297.1%
Sep 30, 2021 Dec 31, 2020 Change Change, %
Debt (incl. lease liabilities) mln.USD 484.6 602.1 -117.5 -19.5%
Cash and cash equivalents mln.USD 216.2 190.6 25.6 13.4%
Net debt mln.USD 268.4 411.5 -143.1 -34.8%
NCSP Group's Consolidated Financial Information as per IFRS for the 9 months of 2021 are published at: http:// www.nmtp.info/holding/investors/reporting/msfo/
NCSP Group is the largest port operator in Russia by cargo turnover. Its controlling shareholder (62%) is PJSC "Transneft".
PJSC NCSP shares are traded on Moscow Exchange (NMTP) and London Stock Exchange as global depositary receipts (NCSP). NCSP Group comprises PJSC "NCSP", LLC "PTP", JSC "Novorossiysk shiprepair yard", JSC "FNCSP", JSC "NLE", "IPP" Ltd, LLC "Baltic Stevedore Company", and "SFP" LLC. PJSC "NCSP" and PJSC "Transneft" own LLC "NFT" on a parity basis.
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ISIN: US67011U2087 Category Code: QRT TIDM: NCSP LEI Code: LEIA0010014976 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 128167 EQS News ID: 1253758 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
December 02, 2021 07:10 ET (12:10 GMT)
