REG-HMS Group HMS Group Reports FY 2020 EBITDA of Rub 4.9 billion
28/04/2021 09:05
============
HMS Group (HMSG)
HMS Group Reports FY 2020 EBITDA of Rub 4.9 billion
28-Apr-2021 / 11:00 MSK
Dissemination of a Regulatory Announcement, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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HMS Group Reports FY 2020 EBITDA of Rub 4.9 billion
Moscow, Russia - April 28, 2021 - HMS Hydraulic Machines & Systems Group
Plc (the "HMS Group", or the "HMS", or 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 twelve months ended December
31, 2020.
Financial highlights 2020:
• Revenue: Rub 46.5 bn (-10% yoy)
• EBITDA 1 1 : Rub 4.9 bn (+3% yoy), EBITDA margin at 10.6%
• Operating profit: Rub 1.3 bn (-35% yoy)
• Loss for the period: Rub 816 mn
• Loss for the period adj. 2 2 : Rub 265 mn
• Total debt: Rub 22.2 bn (-9% yoy)
• Net debt: Rub 11.8 bn (-18% yoy)
• Net debt-to-EBITDA LTM ratio: 2.39x
Operational highlights 2020:
• Backlog 3 3 : Rub 53.9 bn (+20% yoy)
• Order intake 4 4 : Rub 54.2 bn (+4% yoy)
GROUP PERFORMANCE
FY 2020 financial Results
• Order intake grew to Rub 54.2 billion, by 4% yoy, compared with Rub
52.2 billion for 2019. The compressors business segment was the main
contributor to this growth. In terms of contracts type, large
contracts were the main drivers of the growth (+9% yoy).
• Backlog reached Rub 53.9 billion, up by 20% yoy, compared with Rub
44.7 billion last year, based on the compressors and the oil & gas
equipment business segments. In terms of contracts type, recurring
business grew by 13% yoy and large contracts was up 30% yoy, compared
with 2019.
• Revenue was Rub 46.5 billion, down by 10% yoy, compared with Rub 51.4
billion for 2019, because of less revenue generated by the oil & gas
equipment and the compressors business segments.
• EBITDA, in contrast, was Rub 4.9 billion (+3% yoy), due to increased
margins of pumps and compressors contracts. EBITDA margin grew to
10.6%, compared with 9.4% for 2019.
Consolidated revenue from recurring business declined by 9% yoy, and
revenue from large projects was down by 11% yoy. EBITDA from recurring
business declined by 12% yoy, and, in contrast, EBITDA from large
contracts increased 26% yoy.
• Loss for the period was Rub 816 million, compared with profit for the
period at Rub 151 million for 2019. Included in this loss is an
impairment of goodwill of Rub 425 million, recognized on acquisition
of TMCP in the beginning of 2019. The goodwill was impaired as a
result of not meeting targeted synergies with HMS Neftemash in
executing large contracts, due to the Covid-19 pandemic and general
situation on the oil and gas market.
• Loss for the 2020 year adj. was Rub 265 million.
• Free cash inflow was Rub 3.0 billion, compared with Rub 23 million in
2019, despite lower revenue due to the implemented cost-optimization
program.
in millions of Rub 2020 2019 Change 4Q 2020 3Q 2020 Change
yoy qoq
Orders 54,205 52,196 4% 15,304 19,359 -21%
Backlog 53,851 44,693 20% 53,851 56,580 -5%
Revenue 46,476 51,413 -10% 15,000 11,978 25%
EBITDA 4,947 4,824 3% 1,576 1,264 25%
EBITDA margin 10.6% 9.4% 10.5% 10.6%
(Loss)/Profit for the period (265) 151 na (41) 90 na
adj.
Impairment of goodwill (426) (426)
(note 9)
Impairment of previously
recognised deferred tax (126) (126)
assets (n.22)
(Loss)/Profit for the period (816) 151 na (593) 90 na
Free cash inflow 2,958 23 na 2,074 2,397 -13%
Expenses and Operating profit
▪ Cost of sales was down by 11% yoy to Rub 37.1 billion, compared with
Rub 41.8 billion for 2019, due to lower materials and components costs
and labour expenses. Materials and components declined 15% yoy because
of lower revenue. Labour costs were down by 2% yoy due to the
cost-cutting program.
in millions of Rub 2020 2019 Change yoy Share of Share of
2020 revenue 2019 revenue
Cost of sales 37,071 41,804 -11% 79.8% 81.3%
Materials and 23,760 27,957 -15% 51.1% 54.4%
components
Labour costs incl 6,906 7,060 -2% 14.9% 13.7%
Social taxes
Depreciation and 2,122 1,954 9% 4.6% 3.8%
amortization
Construction and 2,557 2,467 4% 5.5% 4.8%
design 5 5
Others 1,726 2,365 -27% 3.7% 4.6%
▪ Gross profit declined to Rub 9.4 billion, by 2% yoy, compared with Rub
9.6 billion for 2019.
▪ SG&A expenses 6 6 declined by 2% yoy due to decrease in general &
administrative expenses. Distribution & transportation expenses were
up by 1% yoy, mainly due to higher transportation expenses and labour
costs. General & administrative expenses declined to Rub 5.2 billion
by 3% yoy, compared with 2019, mainly due to decrease in labour costs
and business trips expenses.
▪ Operating profit was down to Rub 1.3 billion by 35% yoy, compared with
Rub 2.1 billion in 2019.
in millions of Rub 2020 2019 Change yoy Share of Share of
2020 revenue 2019 revenue
Gross profit 9,405 9,609 -2% 20.2% 18.7%
Distribution & 1,986 1,961 1% 4.3% 3.8%
transportation
General & 5,243 5,395 -3% 11.3% 10.5%
administrative
SG&A expenses 7,228 7,356 -2% 15.6% 14.3%
Other operating 412 196 111% 0.9% 0.4%
expenses
Operating expenses 7,641 7,552 1% 16.4% 14.7%
ex. Cost of sales
Operating profit 1,338 2,057 -35% 2.9% 4.0%
Finance costs 1,926 1,785 8% 4.1% 3.5%
▪ Finance costs increased to Rub 1.9 billion by 8% yoy, compared with
Rub 1.8 billion in 2019. The main reason was the 5% increase in
interest expenses due to the higher level of average debt within 2020,
compared with 2019.
▪ Average interest rates decreased to 8.00% p.a., compared with 8.57%
p.a. last year.
in millions of Rub 2020 2019 Change yoy
Finance costs 1,926 1,785 8%
Interest expenses 1,848 1,764 5%
Interest rate, average 8.00% 8.57%
Interest rate Rub, average 8.12% 8.69%
BUSINESS SEGMENTS PERFORMANCE
Industrial pumps 7 i
▪ Order intake declined by 22% yoy to Rub 17.8 billion, compared with
Rub 22.8 billion for 2019, due to less regular orders received and no
large contracts signed. Backlog was down by 7% yoy to Rub 18.2
billion, compared with Rub 19.6 billion in 2019. Demand for pumps was
impacted by the COVID-19 pandemic.
▪ Revenue grew to Rub 20.3 billion by 2% yoy, based on the recurring
business. EBITDA was up to Rub 2.9 billion, by 13% yoy, compared with
Rub 2.6 billion in 2019, due to a larger share of regular orders with
higher profitability. EBITDA margin was 14.5%, compared with 13.1% in
2019.
in millions of Rub 2020 2019 Change yoy 4Q 2020 3Q 2020 Change qoq
Orders 17,773 22,792 -22% 4,429 5,329 -17%
Backlog 18,227 19,572 -7% 18,227 19,749 -8%
Revenue 20,256 19,770 2% 6,311 5,657 12%
EBITDA 2,931 2,599 13% 1,116 797 40%
EBITDA margin 14.5% 13.1% 17.7% 14.1%
Oil and Gas equipment & projects (OGEP) 8 ii
▪ Order intake grew to Rub 13.6 billion, by 14% yoy, compared with Rub
11.9 billion in 2019, due to large contracts.
▪ Backlog was up by 25% yoy to Rub 9.3 billion, compared with Rub 7.4
billion for 2019, due to both large contracts and regular business.
▪ Revenue declined to Rub 11.3 billion, by 14% yoy, compared with Rub
13.2 billion in 2019. EBITDA was down to Rub 241 million, compared
with Rub 430 million in 2019. The main reasons were the COVID-19
pandemic and postponement of projects for 2021.
in millions of Rub 2020 2019 Change yoy 4Q 2020 3Q 2020 Change qoq
Orders 13,568 11,887 14% 3,331 3,514 -5%
Backlog 9,318 7,426 25% 9,318 9,916 -6%
Revenue 11,284 13,160 -14% 2,890 3,241 -11%
EBITDA 241 430 -44% (49) 47 -204%
EBITDA margin 2.1% 3.3% -1.7% 1.4%
Compressors 9 iii
▪ Order intake grew by 30% to Rub 22.6 billion, compared with Rub 17.4
billion in 2019. Backlog increased to Rub 24.8 billion, compared with
Rub 16.1 billion in 2019. Both recurring business and large contracts
grew.
▪ Revenue was down by 16% yoy to Rub 14.9 billion, compared with Rub
17.9 billion, due to less revenue generated by recurring business.
▪ EBITDA grew by 25% yoy to Rub 1.9 billion, compared with Rub 1.5
billion in 2019, due to higher margins generated by large contracts.
EBITDA margin was up to 13.0%, compared with 8.6% in 2019.
in millions of Rub 2020 2019 Change yoy 4Q 2020 3Q 2020 Change qoq
Orders 22,617 17,363 30% 7,511 10,512 -29%
Backlog 24,765 16,067 54% 24,765 25,264 -2%
Revenue 14,947 17,884 -16% 6,080 3,075 98%
EBITDA 1,939 1,546 25% 796 489 63%
EBITDA margin 13.0% 8.6% 13.1% 15.9%
Construction 10 iv
▪ Order intake equaled Rub 247 million. Backlog stood at Rub 1.5
billion.
▪ Revenue was down to Rub 718 million, compared with Rub 1.4 billion in
2019. EBITDA was Rub (63) million, compared with Rub (29) million
last year.
in millions of Rub 2020 2019 Change yoy 4Q 2020 3Q 2020 Change qoq
Orders 247 155 60% 32 5 521%
Backlog 1,541 1,628 -5% 1,541 1,652 -7%
Revenue 718 1,394 -49% 138 174 -21%
EBITDA (63) (29) 117% (43) (59) -27%
EBITDA margin -8.8% -2.1% -31.2% -34.0%
Working capital and Capital expenditures
▪ Working capital declined to Rub 6.8 billion, by 24% yoy, compared with
Rub 8.8 billion in 2019. As a share of revenue, working capital
declined to 14.5% which is a very low ratio. It was the result of
tough anti-crisis measures initiated by the company.
▪ Maintenance capex was down to Rub 1.4 billion, by 11% yoy, compared
with Rub 1.6 billion in 2019
in millions of Rub 2020 2019 Change yoy 4Q 2020 3Q 2020 Change qoq
Working capital 6,752 8,846 -24% 6,752 8,715 -23%
Working capital / 14.5% 17.2% 14.5% 18.9%
Revenue LTM
Capex 1,392 1,571 -11% 250 399 -37%
Acquisition 0 670 0 0
DEBT POSITION
▪ Total debt declined by 9% yoy to Rub 22.2 billion, compared with Rub
24.3 billion in 2019. Net debt was down to Rub 11.8 billion, by 18%
yoy, compared with Rub 14.4 billion in 2019.
▪ Net debt to EBITDA LTM ratio decreased to 2.39x, compared with 2.98x
in 2019.
in millions of Rub 2020 2019 Change yoy 4Q 2020 3Q 2020 Change qoq
Total debt 22,175 24,321 -9% 22,175 22,832 -3%
Net debt 11,814 14,369 -18% 11,814 13,897 -15%
Net debt / EBITDA LTM 2.39 2.98 2.39 2.89
SIGNIFICANT EVENTS AFTER THE REPORTING DATE & FINANCIAL MANAGEMENT
LARGE CONTRACTS
▪ After the reporting date, in April 2021, the company announced the
signature of a Rub 7.5 billion contract to design and manufacture oil
& gas equipment for one of the largest gas fields in Russia. The
contract is for manufacture, delivery and installation of membrane
modules and elements, turbocompressor units for an interstage
compressor station and gas transportation units for a gas booster
station as part of a helium concentrate membrane recovery unit. This
is a follow-up contract HMS Group has secured with this client. The
first one was announced in 2017 in a Rub 10.2 billion contract, and
that was the first project of that kind in Russia.
BUYBACK PROGRAM
▪ After the reporting date, HMS Group repurchased 176,000 GDRs under its
buyback program.
DIVIDENDS
▪ The Board of Directors at the meeting on April 21, 2021, recommended
payment of a final dividends in respect of FY 2020 in the amount of
Rub 4.25 per one ordinary share (Rub 21.25 per one GDR). The dividends
are subject to the approval at the AGM on June 24, 2021. Subject to
such approval, the Dividends may be paid on July 1, 2021 to
shareholders on the Company's register at close of business (UK time)
on June 18, 2021 (the "Record Date").
MOEX LISTING
▪ Also, the Board of Directors approved the listing of the Group's GDRs
as a Foreign Issuer on the Moscow Exchange. The Company's GDRs will
continue trading on the Main Market of the London Stock Exchange.
Trading of HMS Group's GDRs on the Moscow Exchange is expected to
commence in the second quarter of 2021, subject to approval by the
Moscow Exchange.
***
Webcast to discuss FY 2020 IFRS
Date: Wednesday, April 28, 2021
Time: 5.00 PM (MOSCOW) / 3.00 PM (London) / 10.00 AM (NY)
HMS Group FY 2020 IFRS results
Conference passcode: 5377110
To participate in the conference call, please dial in:
Russia Local: +7 499 609 1260
Russia Toll Free: 8 800 100 9471
UK Local: +44 (0)330 027 1846
UK Toll Free: 0800 031 4838
US Local: +1 334 777 6978
US Toll Free: 800 367 2403
Live link
11 https://www.webcast-eqs.com/hmsgroup20210428
Contacts:
Investor Relations, 12 ir@hms.ru
***
HMS Group is the leading pump and compressor manufacturer, as well as
provider of flow control solutions and related services to the oil and
gas, nuclear and thermal power generation and water utilities sectors in
Russia and the CIS. HMS Group's products are mission-critical elements of
projects across a diverse range of industries. It has participated in a
number of large-scale infrastructure projects in Russia, including
providing pumps and modular equipment to the Vankor oil field and pumping
stations on recent trunk pipelines projects linking Russia's core oil
producing areas to export ports on the Pacific Ocean and Baltic Sea. HMS
Group's global depositary receipts ("GDRs") are listed under the symbol
"HMSG" on the London Stock Exchange.
Press Release Information Accuracy Disclaimer
Information published in press releases was accurate at the time of
publication but may be superseded by subsequent releases or other
information.
LEI: 254900DDFETNLASV8M53
Consolidated Statement of Financial Position at 31 December 2020
in thousands of Russian Roubles, unless 31 December 2020 31 December 2019
otherwise stated
ASSETS
Non-current assets:
Property, plant and equipment 14,684,279 15,532,576
Other intangible assets 1,743,399 2,001,646
Goodwill 3,255,984 3,370,275
Right-of-use assets 183,211 174,614
Investments in associates 94,307 94,489
Deferred income tax assets 786,455 631,428
Other long-term assets 42,252 42,316
Investment property 176,833 186,632
Total non-current assets 20,966,720 22,033,976
Current assets:
Inventories 8,847,749 7,859,051
Trade and other receivables and other 15,598,766 18,051,909
financial assets
Contract assets 6,201,354 8,058,877
Current income tax receivable 94,972 227,917
Cash and cash equivalents 10,360,588 9,952,118
Total current assets 41,103,429 44,149,872
TOTAL ASSETS 62,070,149 66,183,848
EQUITY AND LIABILITIES
EQUITY
Share capital 48,329 48,329
Share premium 3,523,535 3,523,535
Treasury shares (33,055) (319,475)
Other reserves 129,392 62,716
Currency translation reserve 646,427 (44,878)
Retained earnings 5,510,974 7,029,094
Equity attributable to the shareholders 9,825,602 10,299,321
of the Company
Non-controlling interests 3,518,674 3,569,953
TOTAL EQUITY 13,344,276 13,869,274
LIABILITIES
Non-current liabilities:
Long-term borrowings 20,452,736 20,582,061
Deferred income tax liability 1,421,489 1,620,211
Retirement benefit obligations 646,213 597,238
Provisions for liabilities and charges 228,199 154,809
Lease liabilities 153,048 139,272
Other long-term payables 230,581 240,172
Total non-current liabilities 23,132,266 23,333,763
Current liabilities:
Trade and other payables 17,969,950 20,658,429
Contract liabilities 4,304,845 2,248,029
Short-term borrowings 1,548,574 3,578,390
Provisions for liabilities and charges 589,762 550,050
Retirement benefit obligations 77,859 76,904
Lease liabilities 20,440 21,329
Current income tax payable 134,080 218,974
Other taxes payable 948,097 1,628,706
Total current liabilities 25,593,607 28,980,811
TOTAL LIABILITIES 48,725,873 52,314,574
TOTAL EQUITY AND LIABILITIES 62,070,149 66,183,848
Consolidated Statement of Profit or Loss and Other Comprehensive Income
for the year ended 31 December 2020
2020 2019
in thousands of Russian Roubles, unless
otherwise stated
Revenue 46,476,487 51,412,961
Cost of sales (37,071,430) (41,803,705)
Gross profit 9,405,057 9,609,256
Distribution and transportation expenses (1,985,928) (1,961,331)
General and administrative expenses (5,242,566) (5,395,083)
Other operating expenses, net (412,472) (195,595)
Impairment of goodwill (425,668) -
Operating profit 1,338,423 2,057,247
Finance income 251,571 172,302
Finance costs (1,926,310) (1,784,607)
Share of results of associates (161) (632)
(Loss)/profit before income tax (336,477) 444,310
Income tax expense (479,814) (293,680)
(Loss)/profit for the year (816,291) 150,630
(Loss)/profit attributable to:
Shareholders of the Company (971,996) (93,932)
Non-controlling interests 155,705 244,562
(Loss)/profit for the year (816,291) 150,630
Other comprehensive income/(loss):
Items that will not be subsequently
reclassified to profit or loss
Remeasurement of post-employment benefit (5,321) (64,673)
obligations
Items that may be reclassified subsequently
to profit or loss
Currency translation differences 693,105 (141,369)
Currency translation differences of (21) 1,856
associates
Other comprehensive income/(loss) for the 687,763 (204,186)
year
Total comprehensive loss for the year (128,528) (53,556)
Total comprehensive loss attributable to:
(288,238) (300,891)
Shareholders of the Company
Non-controlling interests 159,710 247,335
Total comprehensive loss for the year (128,528) (53,556)
Basic and diluted loss per ordinary share (8.50) (0.84)
for profit attributable to the ordinary
shareholders (RR per share)
Consolidated Statement of Cash Flows for the year ended 31 December 2020
in thousands of Russian Roubles, unless otherwise 2020 2019
stated
Cash flows from operating activities
(Loss)/profit before income tax (336,477) 444,310
Adjustments for:
Depreciation and amortisation 2,451,191 2,295,572
Gain from disposal of property, plant and (1,821) (50,312)
equipment and intangible assets
Finance income (251,571) (172,302)
Finance costs 1,926,310 1,784,607
Change in retirement benefits obligations 82,075 95,974
Change in warranty provision 136,752 6,392
Change in expected credit losses allowance for
trade and other receivables and other financial 72,152 116,303
assets and allowance for impairment of
non-financial assets
Change in expected credit losses allowance for 31,850 -
cash and cash equivalents
Change in allowance for obsolete inventories 10,598 118,515
Change in provision for legal claims 83,987 (32,866)
Share-based compensation 58,921 118,544
Foreign exchange loss, net 73,534 80,332
Gain on remeasurement of contingent consideration - (58,890)
liability
Amortisation of government grants (36,048) (32,411)
Impairment of taxes 10,418 -
Impairment of goodwill 425,668 -
Impairment of property, plant and equipment 13,936 -
Change in provision for tax risks, other than 9,898 -
income tax
Share of results of associates 161 632
Operating cash flows before working capital 4,761,534 4,714,400
changes
(Increase)/decrease in inventories (869,830) 1,142,258
Decrease/(increase) in trade and other 2,967,766 (5,825,144)
receivables
Decrease/(increase) in contract assets 1,916,049 (3,493,520)
Decrease in current income tax receivable 132,920 29,492
(Decrease)/increase in accounts payable and (3,361,448) 6,830,995
accrued liabilities
Increase in contract liabilities 2,056,816 404,649
(Decrease)/increase in taxes payable (829,967) 354,446
Cash from operations 6,773,840 4,157,576
Income tax paid (806,031) (366,040)
Interest paid (1,887,821) (1,793,240)
Interest received 259,533 164,692
Net cash from operating activities 4,339,521 2,162,988
Cash flows from investing activities
Repayment of loans advanced 6,953 10,378
Loans advanced (20,203) (30,588)
Proceeds from sale of property, plant and 55,948 120,539
equipment and intangible assets, net
Interest received - 175
Purchase of property, plant and equipment, net of (937,132) (996,241)
VAT
Acquisition of intangible assets, net of VAT (454,417) (574,322)
Acquisition of subsidiaries, net of cash acquired - (670,141)
Repayment of contingent consideration liability (33,000) -
Net cash used in investing activities (1,381,851) (2,140,200)
Cash flows from financing activities
Repayments of borrowings (11,478,749) (9,488,918)
Proceeds from borrowings 9,127,605 14,364,549
Proceeds from government grant 28,092 40,000
Repayment of the lease liabilities principal (35,905) (27,234)
Buy back of issued shares (1,705) (25,649)
Dividends related to Long-term Incentive Program (5,660) (42,964)
Dividends paid to non-controlling shareholders of (55,162) (60,950)
subsidiaries
Dividends paid to the shareholders of the Company (391,942) (1,103,859)
Net cash (used in)/from financing activities (2,813,426) 3,654,975
Net increase in cash and cash equivalents 144,244 3,677,763
Effect of exchange rate changes on cash and cash
equivalents and effect of translation to 296,076 (20,804)
presentation currency
Effect of changes in expected credit losses (31,850) -
allowance for cash and cash equivalents
Cash and cash equivalents at the beginning of the 9,952,118 6,295,159
year
Cash and cash equivalents at the end of the year 10,360,588 9,952,118
══════════════════════════════════════════════════════════════════════════
13 1 EBITDA is defined as operating profit/(loss) 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 acquisition, defined benefits scheme
expense and provisions (including provision for obsolete inventory, ECL
allowance and provision for impairment of trade and other receivables and
other financial assets, 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.
14 2 Loss for the period adj. - is the reported Loss for the period,
excluding the effects of goodwill impairment and impairment of previously
recognized deferred tax asset
15 3 Backlog - Portfolio of uncompleted orders and contracts
16 4 Order intake - Portfolio of contracts and orders signed for a
period
17 5 Construction and design and engineering services of subcontractors
18 6 SG&A expenses - Selling, General and Administrative Expenses,
compiled of distribution & transportation expenses plus general &
administrative ones
══════════════════════════════════════════════════════════════════════════
19 i The industrial pumps business segment designs, engineers,
manufactures and supplies a diverse range of pumps and pump-based
integrated solutions to customers in the oil and gas, power generation and
water utilities sectors in Russia, the CIS and internationally. The
business segment's principal products include customized pumps and
integrated solutions as well as pumps built to standard specifications; it
also provides aftermarket maintenance and repair services and other
support for its products.
20 ii The oil and gas equipment and projects business segment
manufactures, installs and commissions modular pumping stations, automated
metering equipment, oil, gas and water processing and preparation units
and other equipment and systems for use primarily in oil extraction and
transportation. The segment's core products are equipment packages and
systems installed inside a self-contained, free-standing structure which
can be transported on trailers and delivered to and installed on the
customer's site as a modular but fully integrated part of the customer's
technological process.
21 iii The compressors business segment designs, engineers,
manufactures and supplies a diverse range of compressors and
compressor-based solutions, including compressor units and compressor
stations, to customers in the oil and gas, metals and mining and other
basic industries in Russia. The business segment's principal products
include customized compressors, series-produced compressors built to
standard specifications, and compressor-based integrated solutions.
22 iv The construction provides construction works for projects for
customers in the oil upstream and midstream, gas upstream.
══════════════════════════════════════════════════════════════════════════
ISIN: US40425X4079
Category Code: FR
TIDM: HMSG
LEI Code: 254900DDFETNLASV8M53
OAM Categories: 1.1. Annual financial and audit reports
Sequence No.: 101792
EQS News ID: 1189592
End of Announcement EQS News Service
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============Recent news on HMS Hydraulic Machines & Systems
See all newsREG - Stock Exch Notice - N06/22 - Russia related sanctions - Update
AnnouncementREG-HMS Group HMS Group GDRs Admitted to Trading on the Moscow Exchange
AnnouncementREG-HMS Group HMS Group: Annual Report 2020
AnnouncementREG-HMS Group HMS Group Reports FY 2020 EBITDA of Rub 4.9 billion
AnnouncementREG-HMS Group HMS Group Schedules FY 2020 Earnings Release and Conference Call
Announcement