HMS Group Reports Rub 1.3 billion EBITDA for 3 months 2021

Moscow, Russia – June 10, 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 three months ended March 31, 2021.

Financial highlights 3m 2021:

  • Revenue: Rub 11.2 bn (+23% yoy)
  • EBITDA1: Rub 1.3 bn (+21% yoy), EBITDA margin at 11.7%
  • Operating profit: Rub 566 mn (+114% yoy)
  • Profit for the period: Rub 52 mn

  • Total debt: Rub 22.2 bn (+3% yoy)
  • Net debt: Rub 13.1 bn (+7% yoy)
  • Net debt-to-EBITDA LTM ratio: 2.52x

Operational highlights 3m 2021:

  • Backlog2: Rub 59.0 bn (+25% yoy)
  • Order intake3: Rub 18.4 bn (+50% yoy)

Forecast FY 2021:

  • Revenue: Rub 60.0 bn
  • EBITDA: Rub 6.5 bn

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.
2 Backlog – Portfolio of uncompleted orders and contracts
3 Order intake – Portfolio of contracts and orders signed for a period

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