Earnings Release • Sep 23, 2013
Earnings Release
Open in ViewerOpens in native device viewer
News Details
Corporate | 23 September 2013 16:37
HMS Bergbau AG publishes figures for first half of 2013
HMS Bergbau AG / Key word(s): Half Year Results
23.09.2013 / 16:37
Corporate News dated 23 September 2013
HMS Bergbau AG publishes figures for first half of 2013
– Group sales revenues of EUR 42,742 thousand (previous year: EUR 45,753 thousand)
– Consolidated result of EUR -1,602 thousand (previous year: EUR -559 thousand)
– Stable value from trade business in southern Africa with positive effects for the gross margins and EBITDA expected
Berlin/Germany, 23 September 2013: HMS Bergbau AG, an international coal trading group with operative expertise in the extraction, handling and trading of coal, has published its figures for the first half of 2013.
HMS Bergbau AG’s trading volumes were increased as part of the expansion of trading business in both Asia and in southern Africa in the first half of 2013. However, sales revenues fell year on year as a result of substantially lower prices in these markets. In this context, sales revenues declined by EUR 3,011 thousand, or 6.6%, to EUR 42,742 thousand (previous year: EUR 45,753 thousand). In particular, the sale of harbour operations in Indonesia and the related book value write down resulted in an EBIT before extraordinary expenses and earnings of EUR -1,249 thousand (previous year: EUR -140 thousand) and an interim result of EUR -1,602 thousand (previous year: EUR -559 thousand) as of 30 June 2013. This corresponds to earnings per share (number of shares: 4,370,000) of EUR -0.37 (previous year: EUR -0.13).
The significant increase in cash and cash equivalents of EUR 5,943 thousand to EUR 6,739 thousand as of 30 June 2013 (31 December 2012: EUR 796 thousand) is primarily due to cash inflows from the sale of harbour operations and HMS Niwka. HMS Bergbau AG’s equity as of 30 June 2013 declined to EUR 5,033 thousand (31 December 2012: EUR 6,679 thousand). The balance sheet total came to EUR 18,097 thousand (31 December 2012: EUR 19,324 thousand) and as such the equity ratio stood at 27.8% (31 December 2012: 34.6%). Non-current assets amounted to EUR 159 thousand (December 2012: EUR 5,467 thousand).
‘With the sale of the harbour operations in Indonesia, HMS Group was able to finalise its strategic realignment to a pure trading and marketing company in the first half of 2013. Our focus on the most important growth markets in the coal industry in the Asian regions and on southern African markets will be further intensified in the future. We will continue to adapt our corporate structure to global goods flows and the resulting requirements in order to consistently increase the involvement of subsidiaries and representative offices in Singapore, Indonesia, Pakistan and India in Asia’s booming coal export industry. Thanks to the security of supply provided through our exclusive marketing agreements, we expect to generate stable value from our trade business in the next two financial years and create positive effects for the Group’s gross margins and EBITDA,’ commented Heinz Schernikau, CEO of HMS Bergbau AG.
The 2013 interim report of HMS Bergbau AG can be downloaded from the company’s website under Financials 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 trading and logistics solutions primarily in Asia and Africa. 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: [email protected]
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: [email protected]
End of Corporate News
23.09.2013 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: | [email protected] |
| 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 |
| - - - |
| 231487 23.09.2013 |
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.