FESCO says its revenue in January-August 2016 calculated according to IFRS fell by 28.4%, year-on-year, to $351.8 mln.
EBITDA fell by 31% to $54.5 mln. EBITDA margin declined by 0.6 percent points to 15.5%.
In the reporting period CAPEX fell by 19.2% to $10.1 mln.
FESCO is one of the leading privately-owned transportation and logistics companies in Russia with operations in ports, rail, integrated logistics and shipping business. Diversified but integrated asset portfolio enables FESCO to provide D2D logistics solutions and control almost all steps of the intermodal transportation value chain. The majority of FESCO’s operations are located in the Russian Far East and the Group benefits from growing trade volumes between Russia and Asian countries. FESCO controls the Commercial Port of Vladivostok. FESCO is one of Russia’s top 10 private railcar operators providing services under the brands Transgarant (100%) and Russkaya Troika (50% JV with Russian Railways). FESCO owns and operates a fleet of 19 cargo ships and four icebreakers (in long-term time-charter).