Corporate | 6 June 2012 16:50
HMS Bergbau AG / Key word(s): Final Results 06.06.2012 / 16:50 --------------------------------------------------------------------- Corporate News - 6 June 2012 HMS Bergbau AG publishes consolidated financial statements for FY 2011 - Group sales amount to EUR 106,669 thousand (previous year: EUR 151,720 thousand) - Group EBIT of EUR -324 thousand (previous year: EUR 2,221 thousand) - Consolidated net loss of EUR 1,038 thousand after profit of EUR 364 thousand in previous year - Future growth to be achieved by deepening value added chain - Outlook is positive Berlin, 6 June 2011: HMS Bergbau AG, an international coal supplier with operating know-how in coal mining, transport and trade, has published its figures for 2011. In 2011, the HMS Group recorded sales of EUR 106,669 thousand, following EUR 151,720 thousand in the previous year's comparable period. EBIT before extraordinary expenses came to EUR -324 thousand in the reporting period, after previous year with EUR 2,221 thousand. Consolidated net earnings as of 31 December 2011 amounted to EUR -1,038 thousand, contrasting with EUR 364 thousand as of 31 December 2010. This corresponds to earnings per share of EUR -0.26 (previous year: EUR 0.09). Total assets as of 31 December 2011 amount to EUR 14,591 thousand (previous year: EUR 26,456 thousand), with equity at EUR 4,185 thousand (previous year: EUR 7,608 thousand). This translates to an equity ratio that remains solid, at 28.7 per cent as of the balance sheet date (previous year: 28.8 per cent). Cash and cash equivalents as of the balance sheet date of 31 December 2011 stood at EUR 3,963 thousand, after the previous year saw a figure of EUR 2,286 thousand. 'While in financial year 2010, HMS was able to more than double virtually all its sales and earnings key figures compared to those recorded in 2009, benefiting from considerably increased trading volumes and a simultaneous rise in coal prices, in contrast to this, 2011 was characterised by a range of factors. Along with implementing structural measures which focused principally on vertical integration throughout the value added chain and expansion of our Asian coal business, during 2011 we found ourselves confronted with an increasingly difficult European business, heavily determined by notably lower coal prices and dwindling margins. The vigorous growth in our Asian business was not able to balance out neither these external factors nor the investments made in our structural measures. Overall, however, we consider our strategic position, covering the value added chain - from mining and logistics to customer deliveries - to be a positive one with considerable potential for the future. We are particularly hopeful of attractive business opportunities in South Africa arising from our exclusive marketing agreement with ICHOR Coal N.V., which is now HMS Bergbau's majority shareholder with an 83 per cent interest, especially on the procurement side. Against this backdrop, we anticipate being able to achieve considerable growth in the next two financial years', said Heinz Schernikau, CEO of HMS Bergbau AG. HMS Bergbau AG's annual report is available to download at www.hms-ag.com. The Management Board About HMS Bergbau AG: Berlin-based HMS Bergbau AG is an independent coal trading house specializing in just-in-time deliveries of thermal coal to power plants and other industrial consumers. The company is one of the leading coal trading companies in Germany and markets its products to renowned consumers worldwide. HMS is actively expanding its activities to span coal production and logistics solutions primarily in Asia. HMS has been listed at Germany's Frankfurt Stock Exchange since December 2008. Company contact: HMS Bergbau AG An der Wuhlheide 232 12459 Berlin T.: +49 (30) 65 66 81-0 F: +49 (30) 65 66 81-15 Email: info@hms-ag.com URL: www.hms-ag.com HMS Investor Relations contact: GFEI Aktiengesellschaft Am Hauptbahnhof 6 60329 Frankfurt am Main T.: +49 (69) 74 30 37-00 F.: +49 (69) 74 30 37-22 Email: investors@hms-ag.com End of Corporate News --------------------------------------------------------------------- 06.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 173137 06.06.2012