Corporate | 27 June 2014 21:05
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HMS Bergbau AG / Key word(s): Final Results
Corporate News from 27 June 2014 HMS Bergbau AG published business figures for 2013 and Q1 2014 – 2013: Group revenues +31.7% to EUR 118,283 thousand – 2013: Consolidated net earnings of EUR -5,074 thousand influenced by one-off effects – Q1 2014: Sales up by 150% to EUR 36.3 million – Q1 2014: EBITDA EUR 0.9 million after EUR 0.3 million in Q1 2013 – Positive outlook for 2014 and 2015 Berlin, 27 June 2014: HMS Bergbau AG, an international coal supplier with operating know-how of coal mining, transport and trade, has published its figures for financial year 2013 and the first quarter of 2014.
The financial year 2013 was characterised by a series of structural changes as well as the consistent strengthening of HMS’ trading and marketing business in the Asian and African coal markets.
Among other effects the sale of the port operations influenced the balance sheet total which amounted to EUR 15,461 thousand on 31 December 2013 (previous year: EUR 19,324 thousand) and equity which came to EUR 2,703 thousand (previous year: EUR 6,679 thousand). The high liquidity amounting to EUR 3,469 thousand (previous year: EUR 796 thousand) at the end of the year 2013 represents a solid basis for the current business operations. First quarter 2014 Revenues rose by a considerable 150% to EUR 36.3 million compared toprevious year with EUR 14.5 million. EBITDA for the first three months of the year was also up by a significant amount, increasing by EUR 0.6 million to EUR 0.9 million over first three months 2013. Revenues in 2013 and the figures for the first three months of 2014 are showing the first positive results of the implemented. Additional significant coal supplies are expected to generate rising revenues over the next two financial years. The vertical integration in our commercial transactions will lead to slightly higher margins. Given the forecasted positive trend and without the one-off effects of 2013, HMS forecasts positive EBITDA and annual results for for the upcoming periods. “Following the conclusion of “upheaval year” 2013, our high liquidity and our more than positive prospects in particular give us reason to look to the future with optimism. This includes the new growth potential for overseas trade in Asia, the existing coal marketing contracts, especially in South Africa, as well as the conclusion of further exclusive marketing agreements with coal producers. And last but not least, we see significant potential in our development of the mining area in Silesiawith over 1 billion tonnes of geological high quality coking and steaming coal resources,” commented Heinz Schernikau, CEO of HMS Bergbau AG. The annual report of HMS Bergbau AG can now be downloaded at www.hms-ag.com. The Management Board
About HMS Bergbau AG:
Contact: 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 27.06.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group 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 |
| Language: | English | |
| Company: | HMS Bergbau AG | |
| An der Wuhlheide 232 | ||
| 12459 Berlin | ||
| Germany | ||
| Phone: | 030 65 66 81-0 | |
| Fax: | 030 65 66 81-15 | |
| E-mail: | hms@hms-ag.com | |
| Internet: | www.hms-ag.com | |
| ISIN: | DE0006061104 | |
| WKN: | 606110 | |
| Listed: | Freiverkehr in Berlin, Düsseldorf; Frankfurt in Open Market (Entry Standard) | |
| End of News | DGAP News-Service |
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