Renewed record results in 2023

EQS-News: HMS Bergbau AG / Key word(s): Annual Results/Forecast
Renewed record results in 2023

31.05.2024 / 12:13 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Corporate News from 31 May 2024

HMS Bergbau AG: Renewed record results in 2023

* Sales 2023: +33% to EUR 1,298 million (previous year: EUR 973 million)

* EBITDA 2023: EUR 15,661 thousand (previous year: EUR 15,354 thousand)

  * Net profit 2023: +20% to EUR 12,435 thousand (previous year: EUR 10,390
    thousand)

* Dividend proposal of EUR 0.92 per share (previous year: EUR 0.77)

  * Forecast 2024: Sales of EUR 1.3 billion; EBITDA in double-digit million
    euro range

Berlin, 31 May 2024: HMS Bergbau AG, one of the leading independent raw
materials trading and marketing companies in Germany, today published its
2023 Annual Report with record results.

The 2023 financial year significantly exceeded the historic record year of
2022. Despite significant declines in some raw material prices that have
continued in the current 2024 financial year, HMS Bergbau AG was able to
further solidify its market position in the various regional markets.

In transforming from a coal trader to an international commodities trading
and marketing group, the following milestones were achieved:

* Significant expansion in the scope of financing

  * Optimisation of the value chain through the vertical integration of
    production, handling and transportation

  * Expansion as planned in markets such as the USA, Africa and the Far East
    by strengthening the trading business

  * Expansion in trading to include ores, metals, cement products and
    petcoke (in addition to coal)

  * Commencement of operations at subsidiaries established in 2022 in
    Zimbabwe and in Dubai, one of the most important global trading centres
    for commodities

Sales of EUR 1,298 million were generated as at 31 December 2023,
corresponding to an increase of around 33.4 per cent versus the previous
year (2022: EUR 973 million). The increase in sales of EUR 325 million,
which was driven primarily by higher volumes, led to EBITDA of EUR 15,661
thousand in the 2023 financial year compared to EUR 15,354 thousand in the
2022 financial year. At EUR 12,435 thousand, net profit as at 31 December
2023 was approximately 20 per cent higher compared to the level as at 31
December 2022 (2022: EUR 10,390 thousand).

Cash and cash equivalents of around EUR 36.0 million as at the 31 December
2023 reporting date (31 December 2022: EUR 31.0 million) and a rise in
equity of EUR 8.6 million to EUR 40.7 million also give HMS Bergbau AG more
room for manoeuvre.

The management also plans to distribute a dividend this year and will
propose a dividend of EUR 0.92 (2023: EUR 0.77) and put it to vote at the
Annual General Meeting on 13 August 2024.

Thanks to the flexibility of HMS Bergbau AG's structures, the Company has
been able to hold its own amid the difficult market conditions of recent
years and continue its development as part of the transformation process
that has been initiated. Management believes that the sustained positive
upward trend in the commodities markets remains intact.

HMS Bergbau AG is therefore planning sales in the order of EUR 1.3 billion
in the 2024 financial year, despite lower raw material prices. It is also
forecasting a gross margin at the previous year's level and a positive
EBITDA in the lower double-digit million euro range.

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.

In addition, the Company provides customers solutions to complex transport
issues. Founded in 1995, HMS Bergbau AG is listed on the Basic Board of the
Frankfurt Stock Exchange.




Contact:
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@hms-ag.com
URL: www.hms-ag.com

HMS Investor Relations contact:
GFEI Aktiengesellschaft
Ostergrube 11
30559 Hannover
T.: +49 (511) 47 40 23 00
F.: +49 (511) 47 40 23 19
www.gfei.ag
Email: investors@hms-ag.com


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31.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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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@hms-ag.com
   Internet:       www.hms-ag.com
   ISIN:           DE0006061104
   WKN:            606110
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt (Basic Board)
   EQS News ID:    1915481

End of News EQS News Service
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1915481 31.05.2024 CET/CEST