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HMS Group Reports 3Q 2019 Profit of Rub 369 million

Moscow, Russia – December 16, 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 the nine months ended September 30, 2019.

Financial highlights 9 months 2019:

  • Revenue: Rub 36.7 bn (+15% yoy)
  • EBITDA¹: Rub 3.4 bn (-21% yoy), EBITDA margin at 9.2%
  • Operating profit: Rub 1.6 bn (-41% yoy)
  • Profit for the period: Rub 195 mn (-83% yoy)

  • Total debt: Rub 21.1 bn (+10% yoy)
  • Net debt: Rub 17.0 bn (+14% yoy)
  • Net debt-to-EBITDA LTM ratio: 2.98x

Operational highlights 9 months 2019:

  • Backlog: Rub 41.4 bn (+9% yoy)
  • Order intake: Rub 36.2 bn (+18% 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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