Earnings before interest, tax, depreciation and amortization (EBITDA) is an indicator that provides investors with useful information, since it is an indicator of the Group’s performance, including ability to finance capital expenditures, acquisitions and other investments, as well as ability to raise and service loans and credit. This indicator should not be considered separately as an alternative to the indicators of profit for the period, operating profit or any other indicator of the Group’s performance reported in the consolidated financial statements to IFRS.

NCSP Group’s EBITDA grew by $15.7 million or 2.4% in 2018. The EBITDA margin was 70.4%, down 2.3 percentage points from 2017.

The following factors affected the change in EBITDA