HMS Bergbau AG reported earnings results for the full year ended December 31, 2018. For the period, the company reported sales rose 14% to EUR 254,204,000 compared to EUR 220,971,000 in 2017. Net profit for the period even more than doubled as at 31 December 2018 and amounted to EUR 1,453,000 compared to EUR 720,000 as at 31 December 2017.

For the current 2019 financial year, management is therefore forecasting slightly higher volumes at attractive gross margins accompanied by a positive annual result similar to the level reported in the 2018 financial year.