HMS Group Reports Rub 5.2 billion EBITDA for 9 months 2021

Moscow, Russia – December 15, 2021 – HMS Hydraulic Machines & Systems Group Plc (the “HMS Group”, or the “HMS”, or the “Group”) (LSE, MOEX: 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, 2021.

Financial highlights 9m 2021:

  • Revenue: Rub 41.1 bn (+31% yoy)
  • EBITDA1: Rub 5.2 bn (+54% yoy), EBITDA margin at 12.6%
  • Operating profit: Rub 3.2 bn (+162% yoy)
  • Profit for the period: Rub 1.2 bn

  • Total debt: Rub 22.6 bn (-1% yoy)
  • Net debt: Rub 16.8 bn (+21% yoy)
  • Net debt-to-EBITDA LTM ratio: 2.48x

Operational highlights 9m 2021:

  • Backlog²: Rub 47.3 bn (-16% yoy)
  • Order intake³: Rub 36.8 bn (-5% 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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