29th Oct 2014 12:00
Moscow, October 29, 2014
HMS Hydraulic Machines & Systems Group plc
(the “Company”, and together with its subsidiaries, the “HMS Group”)
HMS GROUP 3Q and 9m 2014 ORDER INTAKE
Moscow, Russia, HMS Group (LSE: HMSG), the leading pump and compressor manufacturer as well as provider of flow control solutions and related services in Russia and the CIS , today releases its order intake for the third quarter and the nine months of 2014.
9m 2014 HIGHLIGHTS:
Total order intake for 9m 2014 amounted to Rub 24.5bn, up 21% y-o-y In industrial pumps business segment order intake grew by 7% y-o-y to Rub 11.1bn Oil & gas business segment increased its order intake by 153% y-o-y to Rub 10.6bn In compressor business segment order intake contracted by 57% y-o-y to Rub 1.5bn In EPC business segment order intake decreased by 41% to Rub 1.4bnOrder intake for 3Q and 9m 2014
(Rub, mn)
| Industrial Pumps | 3,777 | 3,954 | -4% | 11,075 | 10,382 | 7% | |||||||
| Oil & Gas equipment | 951 | 1,113 | -15% | 10,579 | 4,182 | 153% | |||||||
| Compressors | 208 | 1,455 | -86% | 1,485 | 3,423 | -57% | |||||||
| EPC | 898 | 584 | 54% | 1,375 | 2,336 | -41% | |||||||
| Construction¹ | 212 | 12 | 1,667% | 315 | 137 | 130% | |||||||
| Project and Design | 686 | 572 | 20% | 1,060 | 2,199 | -52% | |||||||
| TOTAL¹ ² | 5,834 | 7,106 | -18% | 24,514 | 20,323 | 21% |
¹Excl. construction subsidiary SKMN due to its disposal in December 2013
²Totals may differ from the sum of numbers as a result of rounding
Total order intake amounted to Rub 24.5bn, demonstrating a solid increase year-on-year. Most of this increase came from the large LH-project1. Meanwhile, total order intake for the third quarter of the current year contracted to Rub 5.8bn by 18% in comparison with the corresponding period of last year. The main reason of that is intra-year volatility.
The Group’s key industrial pumps business segment showed a stable growth of orders by 7% year-on-year. The order intake for 3Q 2014 showed a minor decrease by 4% year-on-year.
The order intake in the oil & gas business segment more than doubled year-on-year to Rub 10.6bn due to the new large-scale LH-project. The decrease of orders in the 3Q 2014 was attributable to lower loading level of Neftemash’s production facilities due to their reservation for the large-scale projects as well as weaker-than-expected markets.
Decrease of orders for the compressor business segment both for 9m 2014 and 3Q 2014 reflects delays of some targeted tenders in the reporting periods.
Negative dynamics in order intake of the EPC for 9m 2014 was primarily attributable to weak results of the subsidiary Giprotyumenneftegaz (GTNG) from the project and design sub-segment in the first half of 2014. In 3Q 2014, it experienced an increase in orders (+20% in comparison with the corresponding period of last year).The construction sub-segment demonstrated growth in its order intakes both for 3Q and 9m 2014.
The Group’s organisational structure as of 30 September 2014
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HMS Group is the leading pump and compressor manufacturer, as well as provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities sectors in Russia and the CIS. HMS Group’s products are mission-critical elements of projects across a diverse range of industries. It has participated in a number of large-scale infrastructure projects in Russia, including providing pumps and modular equipment to the Vankor oil field and pumping stations on recent trunk pipelines projects linking Russia’s core oil producing areas to export ports on the Pacific Ocean and Baltic Sea. HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.
For further information, please contact:
| Vera TimoshenkoHead of Investor RelationsTel: +7 (495) 730-66-01 x 1302[email protected] | Nozima KarimovaHead of Press ServiceTel: +7 (495) 730-66-10[email protected] |
Disclaimer
The information contained herein has been prepared using information available to HMS Hydraulic Machines & Systems Group Plc (“HMS Group” or “HMS” or “Group” or “Company”) at the time of preparation of the presentation. External or other factors may have impacted on the business of HMS Group and the content of this presentation, since its preparation. In addition all relevant information about HMS Group may not be included in this presentation. No representation or warranty, expressed or implied, is made as to the accuracy, completeness or reliability of the information.
Any forward looking information herein has been prepared on the basis of a number of assumptions which may prove to be incorrect. Forward looking statements, by the nature, involve risk and uncertainty and HMS Group cautions that actual results may differ materially from those expressed or implied in such statements. Reference should be made to the most recent Annual Report for a description of the major risk factors. This presentation should not be relied upon as a recommendation or forecast by HMS Group, which does not undertake an obligation to release any revision to these statements.
This presentation does not constitute or form part of any advertisement of securities, any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for, any shares in HMS Group, nor shall it or any part of it nor the fact of its presentation or distribution form the basis of, or be relied on in connection with, any contract or investment decision.
1 Liquid Hydrocarbon project
Copyright Business Wire 2014
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