Hms Hydraulic S Regulatory News (HMSG)

24 Jul 2015 14:25

HMS Hydraulic Machines & Systems Group plc

(the “Company”, and together with its subsidiaries, the “HMS Group”)

HMS GROUP 6 MONTHS 2015 ORDER INTAKE

Moscow, Russia – HMS Group (LSE:HMSG), the leading pump and compressor manufacturer as well as a 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, today releases the statement regarding orders received during 6 months of 2015.

HIGHLIGHTS:

Order intake for 6 months 2015

The Group’s order intake under management accounts for 2Q 2015 amounted to Rub 8.3 bn, which is 31% y-o-y lower in comparison with 2Q 2014 Rub 12.0 bn. If excluding a large oil & gas equipment contract, signed last year, order intake grew by 9% y-o-y.

In half-year terms, order intake for 6 months 2015 decreased by 20% y-o-y to Rub 15.0 bn again only due to the contract for delivery of integrated solutions signed in 1H 2014. Order intake for standard equipment, in contrary, grew by 25% y-o-y to Rub 13.8 bn.

All HMS’ business segments except the oil & gas equipment demonstrated year-on-year increase. The industrial pumps business segment showed a substantial growth of 18% and 34% y-o-y for 6 months and 2Q 2015 correspondingly.

The compressors business segment increased its 6 months 2015 order intake to Rub 2.1 bn, by 67% y-o-y. And the engineering business segment demonstrated the positive trend with a 72% y-o-y growth for 6 months 2015, where the project & design sub-segment compensated a temporary drop in orders for construction.

***

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:

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 press release. External or other factors may have impacted on the business of HMS Group and the content of this press release, since its preparation. In addition all relevant information about HMS Group may not be included in this press release. 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 press release 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 press release 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 securities 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150724005387/en/

Copyright Business Wire 2015