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

Moscow, Russia – October 6, 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 6 months ended June 30, 2017.

Financial highlights 6m 2017:

  • Revenue up 5% yoy to Rub 21.3 billion
  • EBITDA[1] increased 6% yoy to Rub 3.1 billion with EBITDA margin up to 14.7%
  • Operating profit increased 12% yoy to Rub 2.0 billion, operating margin up to 9.3%
  • Profit for the period grew 19% yoy to Rub 828 million, with net income margin of 3.9%

  • Total debt declined 1% yoy to Rub 16.0 billion
  • Net debt up 7% yoy to Rub 13.6 billion
  • Net debt-to-EBITDA LTM ratio amounted to 2.07x

Operational highlights 6m 2017:

  • Backlog more than doubled and reached Rub 62.6 billion, including Rub 23.3 billion contract signed in 2Q 2017.
  • Order intake up 170% yoy to Rub 60.6 billion

Guidance 2017:

  • Revenue: slightly higher than previously announced Rub 48 billion
  • EBITDA: unchanged, at Rub 6.2-6.8 billion

[1] 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 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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