HMS Group Reports 9m 2020 EBITDA of Rub 3.4 billion

Moscow, Russia – December 11, 2020 – 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 nine months ended September 30, 2020.

Financial highlights 9m 2020:

  • Revenue: Rub 31.5 bn (-14% yoy)
  • EBITDA1: Rub 3.4 bn (-1% yoy), EBITDA margin at 10.7%
  • Operating profit: Rub 1.2 bn (-23% yoy)
  • Loss for the period: Rub 224 mn

  • Total debt: Rub 22.8 bn (+8% yoy)
  • Net debt: Rub 13.9 bn (-18% yoy)
  • Net debt-to-EBITDA LTM ratio: 2.89x

Operational highlights 9m 2020:

  • Backlog: Rub 68.2 bn (+65% yoy)
  • Order intake: Rub 49.8 bn (+37% yoy)

FY 2020 Guidance:

  • Revenue: Rub 50-55 bn
  • EBITDA: Rub 4.7-5 bn
  • Current operating results don’t imply net income for FY2020
  • It’s unlikely that HMS will pay dividends for FY2020, taking into account expected annual results and aggregate macroeconomic risks

¹ EBITDA is defined as operating profit/(loss) 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 acquisition, defined benefits scheme expense and provisions (including provision for obsolete inventory, ECL allowance and provision for impairment of trade and other receivables and other financial assets, 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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