16.12.2014

HMS Group 9m 2014 IFRS financial results

HMS Group announces interim management statement and financial highlights for 9 months ended September 30, 2014
Moscow, Russia – December 16, 2014 – HMS Group plc (the “Group”) (LSE: HMSG), the leading pump and compressor manufacturer and provider of flow control solutions and related services in Russia and the CIS, today announces its interim management statement and financial highlights for 9 months ended September 30, 2014. The financial data are based on management accounts only and are not reviewed by external auditors.

9 months 2014 HIGHLIGHTS:

  • Backlog increased by 66% year-on-year to Rub 27,442 million, while order intake grew by 21% year-on-year to Rub 24,514 million for 9 months 2014

  • Revenue decreased by 9% year-on-year to Rub 21,233 million, showing decline throughout Industrial pumps and Compressors business segments. Revenue taken for the last twelve months (LTM) decreased slightly, by 2% year-on-year

  • EBITDA totaled Rub 3,046 million, down 17% year-on-year; EBITDA margin was 14.3% compared to 15.7% last year. EBITDA for 9 months 2014 taken for the last twelve months (LTM) declined by 19% year-on-year

  • Operating profit reached Rub 1,713 million, down 47% year-on-year; operating margin stood at 8.1%

  • Profit for the period amounted to Rub 257 million for 9 months 2014, compared to Rub 777 million for 9 months 2013; earnings per share (EPS) from continuing operations was Rub 2.34

  • Net debt slipped down by 11% year-on-year to Rub 13,562 million, resulting in Net debt-to-EBITDA (LTM) ratio at 2.9x  

  • Return on capital employed (ROCE) LTM was 10.4%

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HMS Group is the leading pump and compressor manufacturer, as well as provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS. HMS Group’s products are mission-critical elements of projects across a diverse range of industries. It has participated in a number of large-scale infrastructure projects in Russia, including providing pumps and modular equipment to the Vankor oil field and pumping stations on recent trunk pipelines projects linking Russia’s core oil producing areas to export ports on the Pacific Ocean and Baltic Sea. HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.

The forward-looking statements contained herein are based upon various assumptions, many of which are based, in turn, upon further assumptions, which may include without limitation, the HMS Group’s examination of historical operating trends, data contained in the HMS Group’s records and other data available from third parties. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward-looking statements will not be achieved. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The HMS Group does not intend to provide any representation or warranty and does not assume any obligation to update any forward-looking statement contained herein.