DGAP-News: HMS Bergbau AG publishes half-year figures for 2012
(firmenpresse) - DGAP-News: HMS Bergbau AG / Key word(s): Half Year Results
HMS Bergbau AG publishes half-year figures for 2012
28.08.2012 / 08:30
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Corporate News dated 28 August 2012
HMS Bergbau AG publishes half-year figures for 2012
- Sales revenues of EUR 45,753 thousand (previous year: EUR 51,481
thousand)
- EBIT of EUR -145 thousand (previous year: EUR -16 thousand)
- Positive outlook with business expansion in Asia and southern Africa
Berlin, 28 August 2012: HMS Bergbau AG, an international coal supplier with
operating know-how of coal mining, transport and trade, has published its
half-year figures for 2012.
Sales revenues of HMS Bergbau AG amounted to EUR 45,753 thousand in the
first half of 2012, corresponding to a year-on-year drop of 11.1% and being
due to the on-going transfer of trading activities to Asia including the
local lower-priced coal qualities combined with a general price decline in
the coal market as well as a slight drop in trading volumes. EBIT before
extraordinary expenses and earnings decreased from EUR -16 thousand in the
previous year to EUR -145 thousand. The half-year result as per 30 June
2012 amounted to EUR -559 thousand compared to EUR-356 thousand in the
previous year. Based on 4.37 million shares, this corresponds to earnings
per share of EUR -0.13 (previous year's period: EUR -0.08).
As per 30 June 2012, HMS Bergbau AG's equity increased to EUR 6,617
thousand (31 December 2011: EUR 4,185 thousand). Based on a balance sheet
total of EUR 19,064 thousand as per 30 June 2012 (31 December 2011: EUR
14,591 thousand), the equity ratio came to a solid 34.7% (31 December 2011:
28.7%). The strong equity ratio in turn is mainly due to the share capital
increase against cash contributions in April 2012, during which 370,000 new
common bearer shares were issued, putting up share capital to EUR
4,370,000. The proceeds of the share capital increase of EUR 3,997 thousand
as well as existing cash balances have been essentially used for financing
further trade business growth and resulted in a decline of cash and cash
equivalents from EUR 3,963 thousand on 31 December 2011 to EUR 1,510
thousand on 30 June 2012. This drop however, is reporting date specific and
primarily resulted from the increase in receivables incurred by business
transactions, not being fully financed by supplier credits. Liabilities
amounted to EUR 10,855 thousand on the reporting date of the half-year
report compared to EUR 8,678 thousand at the end of 2011. While financial
liabilities decreased from EUR 6,981 thousand to EUR 1,877 thousand, trade
payables increased from EUR 742 thousand at the end of 2011 to EUR 8,847
thousand.
'HMS Bergbau AG continued to pursue its strategy in the current financial
year 2012 and its operating activities in Asia and South Africa, in
particular, are providing it with a solid foundation and considerable
growth potential. We will continue increasing our focus on the coal growth
markets in Asia and southern Africa,' commented Sebastian Giese, CFO of HMS
Bergbau AG.
'By continuously increasing the commitment of our subsidiaries and
representations in Singapore, Indonesia, Pakistan and India, we are aiming
to strengthen our participation in growing coal exports in Asia. We are
also planning to further expand the presence of HMS Bergbau AG in South
Africa to advance our efforts to secure coal resourcesand to also develop
stable business relationships with local industrial customers and end
users. Overall, we are looking toward the coming two financial years with
confidence. This should also be reflected in the income of HMS Group,' said
Heinz Schernikau, CEO of HMS Bergbau AG.
The half-year report of HMS Bergbau AG can be downloaded at www.hms-ag.com.
The Executive 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(at)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(at)hms-ag.com
End of Corporate News
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28.08.2012 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,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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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(at)hms-ag.com
Internet: www.hms-ag.com
ISIN: DE0006061104
WKN: 606110
Listed: Freiverkehr in Berlin, Düsseldorf; Open Market (Entry
Standard) in Frankfurt
End of News DGAP News-Service
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183042 28.08.2012
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