HMS Group announces management statement and financial highlights for 3 months 2017

Moscow, Russia – June 5, 2017 – HMS Group Plc (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 3 months ended March 31, 2017.

Financial highlights 3m 2017:

  • Revenue grew 8 percent yoy to Rub 9.8 billion 
  • EBITDA1 declined 11 percent yoy to Rub 1.0 billion with EBITDA margin down to 10.7 percent
  • Operating profit increased 14 percent yoy to Rub 557 million, operating margin up to 5.7 percent
  • Profit for the period totalled Rub 77 million

  • Total debt declined 3 percent yoy to Rub 15.8 billion
  • Net debt stable at Rub 13.0 billion
  • Net debt-to-EBITDA LTM ratio amounted to 2.08x

Operational highlights 3m 2017:

  • Backlog reached its historical maximum of Rub 36.0 billion, up 31 percent yoy
  • Order intake up 88 percent yoy to Rub 22.5 billion

1EBITDA 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 the 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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