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Press-releases

16.06.2014

HMS Group 3 months 2014 IFRS financial results

Moscow, Russia – June 16, 2014 – HMS Group plc (the “Group”) (LSE: HMSG), the leading pump and compressor manufacturer and provider of flow control solutions and related services in Russia and the CIS, today announces its interim management statement and financial highlights for the three months ended March 31, 2014. The financial data are based on management accounts only and are not reviewed by external auditors.

In December 2013, HMS Group sold 67.3% shares in Trest Sibkomplektmontazhnaladka (SKMN). The Group’s performance for 3m 2013 excludes the results of SKMN.

3M 2014 HIGHLIGHTS

  • Backlog increased by 18% year-on-year to Rub 23,505 million, while order intake declined by 12% year-on-year to Rub 6,692 million for 3m 2014
  • Revenue decreased by 12% year-on-year to Rub 6,080 million, showing decrease throughout all business segments, apart from industrial pumps. Revenue taken for the last twelve months (LTM) remained stable year-on-year
  • EBITDA totaled Rub 777 million, up 11% year-on-year; EBITDA margin was 12.8% compared to 10.1% last year. EBITDA for 3m 2014 taken for the last twelve months (LTM) showed a minor decrease by 2% year-on-year
  • Operating profit reached Rub 207 million, down 17% year-on-year; operating margin stood at 3.4%
  • Loss for the period amounted to Rub 311 million for 3m 2014, compared to a loss of Rub 75 million for 3m 2013; loss per share (EPS) was Rub 2.52
  • Net debt decreased by 21% year-on-year to Rub 11,156 million, resulting in Net debt-to-EBITDA (LTM) ratio at 2.1x
  • Return on capital employed (ROCE) LTM² was 14%

1 EBITDA is defined as operating profit/loss adjusted for other income/expenses, depreciation and amortization, impairment of assets, provision for obsolete inventory, provision for impairment of accounts receivable, unused vacation allowance, defined benefits scheme expenses, warranty provisions, provision for legal claims, provision for VAT and other taxes receivable, other provisions, excess of fair value of net assets acquired over the cost of acquisition. This measurement basis excludes the effects of non-recurring income and expenses on the results of the operating segments.

2 ROCE is calculated as EBIT divided by average total debt plus average equity


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For further information, please contact:

Vera Timoshenko
Head of IR
Tel: +7 (495) 730-66-01, ext. 1302
timoshenko@hms.ru
Nozima Karimova
Head of Press Service
Tel: +7 (495) 730-66-10
karimova@hms.ru

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