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HMS Bergbau AG: Record results in 2022

EQS-News: HMS Bergbau AG / Key word(s): Annual Results/Forecast HMS Bergbau AG: Record results in 2022 31.05.2023 / 18:43 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News from 31 May 2023

HMS Bergbau AG: Record results in 2022 

• Sales 2022: + 127% to EUR 971.9 million
• EBITDA 2022: +170% to EUR 15,354 thousand (previous year: EUR 5,582 thousand)  
• Net profit 2022: +225% to EUR 10,390 thousand (previous year: EUR 3,201 thousand)  
• EUR 31.0 million in liquidity as at 31 December 2022 (31 December 2021: EUR 26.0 million)
• Dividend proposal of EUR 0.77 (previous year: EUR 0.04)
• Outlook 2023: Sales of EUR 1 billion; EBITDA of EUR 15 Mio.

Berlin, 31 May 2023: HMS Bergbau AG, one of the leading independent raw materials trading and marketing companies in Germany, today published its 2022 Annual Report.

The HMS 2022 financial year was characterised predominantly by Russia's war of aggression against Ukraine, Western sanctions imposed on Russia, and Europe's turning away from Russian energy raw materials. Rapidly rising raw material and energy prices and volatile demand markets were the immediate consequences.

In this challenging environment, the advantages of a flexible and internationally broad-based raw materials trading group became evident. HMS Bergbau AG was able to respond quickly to a rapidly changing market environment by adapting its business practices, which included expanding its financing options and making adjustments to its risk management, and thereby exploiting the resulting earnings potential.

The figures reflect the measures successfully implemented in the 2022 financial year. The sales generated by HMS Bergbau AG, for example, more than doubled to almost EUR 1 billion. Earnings recorded an above-average increase at the same time to new record levels.

Sales of EUR 971.9 million were achieved as at 31 December 2022, corresponding to a year-on-year increase of approximately 127 percent. The sharp rise in sales of EUR 544.2 million led to a disproportionate improvement in earnings. EBITDA amounted to EUR 15,354 thousand in the 2022 reporting period, compared to EUR 5,582 thousand in the previous 2021 financial year. Net profit tripled to a level of EUR 10,390 thousand as at 31 December 2022, compared to EUR 3,201 thousand as at 31 December 2021.