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HMS Group announces management statement and financial highlights for 9 months 2015

Moscow, Russia – December 8, 2015 – 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 financial results for 9 months ended September 30, 2015.

9 months 2015 financial highlights:

  • Revenue up by 25% yoy to Rub 26.6 billion
  • EBITDA1 up by 93% yoy to Rub 5.9 billion
  • EBITDA margin up to 22.0%
  • Profit for the period up 719% yoy to Rub 2.1 billion
  • Net debt up by 14% yoy to Rub 15.4 billion
  • Net debt-to-EBITDA LTM down to 1.90x

9 months 2015 operational highlights:

  • Backlog down by 12% yoy to Rub 26.1 billion
  • Order intake up by 10% yoy to Rub 26.9 billion

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1 Management of the Group assesses the performance of operating segments based on a measure of adjusted EBITDA, which is derived from the management report. For this purpose, adjusted EBITDA is defined as operating profit/loss from continuing operations adjusted for other operating income/expenses, depreciation and amortisation, 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, provision for impairment of accounts receivable, 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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