HMS Group Reports 3 months 2019 Loss of Rub 495 million

Moscow, Russia – June 18, 2019 – 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 three months ended March 31, 2019.

Financial highlights 3 months 2019:

  • Revenue: Rub 8.9 bn (+1% yoy)
  • EBITDA¹: Rub 501 mn (-54% yoy), EBITDA margin 5.7%
  • Operating loss: Rub (238) mn
  • Net loss (loss for the period): Rub (495) mn

  • Total debt: Rub 18.8 bn (+10% yoy)
  • Net debt: Rub 14.6 bn (-1% yoy)
  • Net debt-to-EBITDA LTM ratio: 2.42x

Operational highlights 3 months 2019:

  • Backlog: Rub 45.3 bn (+11% yoy)
  • Order intake: Rub 11.5 bn (+10% yoy)

¹ EBITDA is defined as operating profit/loss from continuing operations 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 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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