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HMS Group Reports 2Q 2019 Profit of Rub 321 million

Moscow, Russia – September 25, 2019 – 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 the six months ended June 30, 2019.

Financial highlights 6 months 2019:

  • Revenue: Rub 23.4 bn (+15% yoy)
  • EBITDA¹: Rub 2.0 bn (-41% yoy), EBITDA margin at 8.3%
  • Operating profit: Rub 607 mn (-70% yoy)
  • Profit (loss) for the period: Rub (173) mn

  • Total debt: Rub 20.0 bn (+8% yoy)
  • Net debt: Rub 15.6 bn (+15% yoy)
  • Net debt-to-EBITDA LTM ratio: 2.97x

Operational highlights 6 months 2019:

  • Backlog: Rub 43.4 bn (+35% yoy)
  • Order intake: Rub 24.5 bn (+33% 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.

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