Переключить на русский
8 (800) 23-444-99
Russia toll free number
MY FESCO
Authorization
Invalid login filled
Please enter your login
Invalid password
Please enter your password
Publications by period
.
Mass media publications

FESCO EBITDA jumps 15% to $7.6 mln in July, plummets 32% to $47 mln in 7M

23 September 2016

The FESCO transport group boosted earnings before taxes, depreciation and amortization (EBITDA) 15.2% year-on-year in July to $7.6 million, the company said. However EBITDA plummeted 32% in January-July to $47 million. Sales revenue fell 19.9% to $45.9 million in July and 31% to $303.8 million in 7M.

The FESCO transport group boosted earnings before taxes, depreciation and amortization (EBITDA) 15.2% year-on-year in July to $7.6 million, the company said.

However EBITDA plummeted 32% in January-July to $47 million.

Sales revenue fell 19.9% to $45.9 million in July and 31% to $303.8 million in 7M.

FESCO publishes key interim results "as part of its ongoing commitment to facilitate open communication with investors and improve information disclosure." "The purpose of the monthly update is to provide investors with key financial and operational results on a regular basis," the company said, adding that more detailed analysis and discussions regarding its performance will continue to be published on a quarterly basis.

Revenue excluding the bunkering division fell 10.3% year-on-year to $40.6 million in July and 18.3% to $300.3 million in 7M.

The EBITDA margin rose 7.1 pp in July to 16.6% but fell 0.2% pp in 7M to 15.5%.

Capex fell 22.8% in 7M to $8.8 million and 39.1% in July to $1.4 million.

FESCO Group, whose parent company is Far East Shipping Company (FESCO) (MOEX: FESH), is one of the largest owners and operators of port infrastructure in Russia. It is an intermodal operator that manages marine, railway, and automobile transport capacities and stevedoring services at its own terminals at Russian and CIS ports. Summa Group owns 32.5% of FESCO, GHP Group owns 23.8%, TPG holds 17.4% and East Capital owns 4.9%.

all publications