EQS-News

HMS Bergbau AG: Record results in 2022 - Seite 2

Liquidity of around EUR 31.0 million as at the 31 December 2022 reporting date (31 December 2021: EUR 26.0 million) helped further stabilise and expand the existing trading business. At the same time, the significantly stronger cash position opens up additional room for manoeuvre in HMS Bergbau AG's further development into an internationally responsible, vertically and horizontally positioned raw materials trader. 

Due to the economically extremely successful 2022 financial year, the Management Board and Supervisory Board will propose a significantly higher dividend distribution per bearer share in the amount of EUR 0.77 (previous year: EUR 0.04) to the shareholders for resolution at the Annual General Meeting to be held on 29 August 2023.

Despite the global political turmoil, the management of HMS Bergbau AG continues to assess the medium-term operating outlook as positive. This statement is based on the global increase in energy demand. The Group considers itself well positioned in this respect, above all due to its international trade relations and its local representative offices. Accordingly, the Group is also striving to achieve clearly positive results in the years ahead.

Due to the short-term effects of global geopolitical upheavals, further potentially significant fluctuations in energy and raw material prices are to be expected. Subject to the still unforeseeable consequences of the Russia-Ukraine war, the company is planning sales of around EUR 1 billion in 2023 - despite falling raw material prices - with a gross margin at the previous year's level of around 3 percent and a positive EBITDA of approx. EUR 15 million.

The Management Board

 

About HMS Bergbau AG:

HMS Bergbau AG, Berlin, is one of the leading independent raw materials trading and marketing companies in Germany. Its core business is the international purchase and sale of raw materials such as coal products, cement, ores and fertilisers. Its customers include well-known international industrial consumers, energy traders and producers, to whom the raw materials are delivered in time worldwide. Primarily operating in Asia, Africa and Europe, HMS Bergbau AG, also develops first-class raw material reserves.