HMS Group Reports FY 2020 EBITDA of Rub 4.9 billion

Moscow, Russia – April 28, 2021 – HMS Hydraulic Machines & Systems Group Plc (the “HMS Group”, or the “HMS”, or 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 twelve months ended December 31, 2020.

Financial highlights 2020:

  • Revenue: Rub 46.5 bn (-10% yoy)
  • EBITDA1: Rub 4.9 bn (+3% yoy), EBITDA margin at 10.6%
  • Operating profit: Rub 1.3 bn (-35% yoy)
  • Loss for the period: Rub 816 mn
  • Loss for the period adj.²: Rub 265 mn
  • Total debt: Rub 22.2 bn (-9% yoy)
  • Net debt: Rub 11.8 bn (-18% yoy)
  • Net debt-to-EBITDA LTM ratio: 2.39x

Operational highlights 2020:

  • Backlog³: Rub 53.9 bn (+20% yoy)
  • Order intake4: Rub 54.2 bn (+4% yoy)

1EBITDA 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.
2Loss for the period adj. – is the reported Loss for the period, excluding the effects of goodwill impairment and impairment of previously recognized deferred tax asset
3Backlog – Portfolio of uncompleted orders and contracts
4Order intake – Portfolio of contracts and orders signed for a period

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