HMS Bergbau AG / Miscellaneous 05.07.2010 08:28 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Corporate News dated July 5, 2010 HMS Bergbau AG expands Executive Board +++ Rüdiger Lorentz appointed as Executive Board member for the Trade division +++ Annual financial statements 2009 published +++ Outlook: Sales and earnings are expected to increase significantly Berlin, July 5, 2010: The Supervisory Board of HMS Bergbau AG, an international coal trading company with operating know-how in mining, transporting, processing and trading coal, has appointed Rüdiger Lorentz as an additional Executive Board member with effect from 1 July 2010. Mr Lorentz, born in 1963, has been working for HMS Bergbau AG since 2005, most recently as Director in the Trade division. He will assume responsibility for the operating Trade division, taking over from CEO Heinz Schernikau. CEO Heinz Schernikau will retain responsibility for the divisions Company Development, Strategy and Group Management. As well as expanding its Executive Board, HMS Bergbau AG has published its annual financial statements 2009. Figures for 2009 confirm the preliminary key figures published in January. The Group's total performance decreased to EUR 73.7 million, mainly due to the steep drop in coal prices. EBIT amounted to EUR 0.4 million (previous year: EUR 1.5 million). The Group annual result was EUR 0.1 million (previous year: EUR 0.7 million). This results in earnings per share of EUR 0.03. 'HMS Bergbau AG, like many other companies, was not able to escape the effects of customers' serious reluctance to buy coal due to the global financial and economic crisis in 2009, decreasing trading volumes as a result of the economic situation and dropping coal prices. In view of these typical market developments, we used financial year 2009 to further implement our sustainability strategy. Overall, we came one large step closer to achieving our strategic goal - transforming HMS Bergbau AG from a coal trading company into an international group that mines, transports, processes and trades coal. In view of these developments and also considering that order backlog was at a five-year high at the end of 2009, we therefore expect operating profits in 2010 to be significantly up year on year. The global economy is starting to pick up again. This should have an additional positive effect on our operations,' says Heinz Schernikau, CEO of HMS Bergbau AG. 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 and Eastern Europe. In addition, the company is developing environmental technologies, in particular concerning underground CO2 capture and storage (CCS technology). 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@hms-ag.com URL: www.hms-ag.com HMS Investor Relations contact: GFEI Aktiengesellschaft Hamburger Allee 26-28 60486 Frankfurt am Main T.: +49 (69) 74 30 37-00 F.: +49 (69) 74 30 37-22 Email: investors@hms-ag.com 05.07.2010 08:28 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|] ---------------------------------------------------------------------------
DGAP-News: HMS Bergbau AG expands Executive Board
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