24.04.2018

HMS Group announces management statement and financial highlights for FY 2017

Moscow, Russia – April 24, 2018 – HMS Group Plc (the “Group”) (LSE: HMSG), the leading pump, oil & gas equipment and compressor manufacturer and provider of flow control solutions and related services in Russia and the CIS, today announces its financial results for twelve months ended December 31, 2017.

Financial highlights FY 2017:

  • Revenue: Rub 44.4 bn (+7% yoy)
  • EBITDA[1]: Rub 6.8 bn (+7% yoy), EBITDA margin 15.4%
  • Operating profit: Rub 4.6 bn (+26% yoy), operating margin up to 10.3%
  • Profit for the period: Rub 2.1 bn (+73% yoy), net income margin 4.7%
  • Total debt: Rub 16.0 bn (-2% yoy)
  • Net debt: Rub 11.4 bn (-14% yoy)
  • Net debt-to-EBITDA LTM ratio: 1.7x

Operational highlights FY 2017:

  • Backlog: Rub 44.2 bn (+84% yoy)
  • Order intake: Rub 65.5 bn (+61% yoy)

[1] EBITDA is defined as operating profit/loss from continuing operations adjusted for other operating income/expenses, depreciation and amortisation, amortisation of government grants, impairment of assets, excess of fair value of net assets acquired over the cost of the acquisition, defined benefits scheme expense and provisions (including provision for obsolete inventory, provision for impairment of accounts receivable, unused vacation allowance, warranty provision, provision for legal claims, tax provision and other provisions). This measurement basis, therefore, excludes the effects of a number of non-recurring income and expenses on the results of the operating segments.