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HMS Bergbau AG very satisfied with financial year 2014

DGAP-News: HMS Bergbau AG / Key word(s): Final Results/Forecast
HMS Bergbau AG very satisfied with financial year 2014

30.06.2015 / 14:31

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Corporate News from 30 June 2015

HMS Bergbau AG very satisfied with financial year 2014

- Group revenues rose by 8.4% to EUR 128.2 million

- Consolidated net earnings reached EUR 0.6 million (previous year: EUR
-5.1 million)

- HMS Bergbau to mine coal reserves in Poland

- International coal supplier anticipates slight growth in 2015

Berlin, 30 June 2015: HMS Bergbau AG, an international coal supplier with
operating know-how of coal mining, transport and trade, declared itself
very satisfied with its development in the past year at the presentation of
its 2014 annual report. Consolidated revenues increased by 8.4% to EUR
128.2 million in 2014, in spite of the decline in market prices and
challenging circumstances in the energy sector. After reporting a net loss
in the previous year, HMS Bergbau AG returned to the black in 2014.
Earnings from ordinary activities (EBIT) stood at EUR 0.8 million (previous
year: EUR -4.8 million), and consolidated revenues were also back to being
positive in 2014 at EUR 0.6 million (previous year: EUR -5.1 million).
Total assets almost doubled to EUR 30.4 million (previous year: EUR 15.5
million), partly due to a rise in trade receivables (goods in transit).
Cash and cash equivalents came to EUR 2.6 million at the end of 2014
(previous year: EUR 3.5 million).

In February 2014, HMS Bergbau AG acquired a Polish company and has since
then licences to explore coal reserves in Silesia. The coal supplier
assumes that it will receive a mining licence for these reserves still
within this year. Once the licence is granted, the Polish subsidiary
Silesian Coal sp. Z o.o. can begin the long-term mining of some 672 million
tonnes of coking coal and steam coal.

By commencing its own coal mining operations, HMS Bergbau is increasing the
vertical integration of its value chain with the addition of the mining of
its own resources. The internationally oriented HMS Group offers a high
security of supply, from mining and logistics to delivery to customers.
Customers of HMS Bergbau, formed in 1995 and based in Berlin, include a
number of internationally recognised electricity suppliers, cement
manufacturers and industrial consumers.