Last checked at 15 Feb 2016 13:04
HMS Hydraulic Machines & Systems Group plc (the “Company”, and together with its subsidiaries, the “HMS Group”)
HMS GROUP FY 2015 ORDER INTAKE INCREASED TO RUB 35.9 BILLION
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 for the full year 2015.
FY 2015 HIGHLIGHTS:
Total order intake amounted to Rub 35.9 bn, up 3% yoy Industrial pumps business segment grew to Rub 18.3 bn, by 17% yoy Oil & gas equipment business segment decreased by 43% yoy to Rub 7.9 bn Compressors business segment increased by 276% yoy to Rub 8.1 bn EPC business segment down by 49% yoy to Rub 1.5 bnOrder intake for FY 2015
| Order intakeRub mn | FY 2014 | FY 2015 | Change yoy | 4Q 2014 | 4Q 2015 | Change yoy | |||||||
| Industrial pumps | 15,592 | 18,286 | 17% | 4,517 | 5,918 | 31% | |||||||
| Oil & gas equipment | 13,963 | 7,919 | -43% | 3,384 | 1,724 | -49% | |||||||
| Compressors | 2,168 | 8,145 | 276% | 683 | 1,252 | 83% | |||||||
| EPC | 2,983 | 1,517 | -49% | 1,608 | 136 | -92% | |||||||
| Construction | 1,559 | -181 | -112% | 1,244 | -180 | -115% | |||||||
| Project and design | 1,424 | 1,698 | 19% | 364 | 317 | -13% | |||||||
| Total | 34,705 | 35 ,867 | 3% | 10,192 | 9,030 | -11% | |||||||
| Large projects | 8,003 | 4,497 | -44% | 1,558 | 0 | -100% | |||||||
| Order intake excl. large projects | 26,702 | 31,370 | 17% | 8,634 | 9,030 | 5% |
Note: Totals may differ from the sum of numbers due to rounding
The Group’s order intake for FY 2015 achieved its record high and reached Rub 35.9 bn, a 3% yoy increase on FY 2014, albeit the order intake in 4Q 2015 declined by 11% yoy to Rub 9.0 bn from Rub 10.2 bn in the comparable quarter. In a challenging environment, the growth was driven by a larger number of orders for standard equipment in the industrial pumps business segment and the compressors business segment. When excluding large contracts signed, the order intake grew both annually and quarterly (+17% yoy and +5% yoy correspondingly).
Industrial pumps business segment
For FY 2015, the order intake increased by 17% yoy to Rub 18.3 bn and in 4Q 2015 by 31% yoy mainly due to a growing number of small- and middle-size orders for pumps.
Oil & gas equipment business segment
For FY 2015, the order intake decreased by 43% yoy to Rub 7.9 bn due to a high base effect in 2014, when two large contracts in the oil & gas equipment business segment were signed. When excluding these contracts from the consideration, the order intake grew by 16% yoy because of an inflow of contracts for standard equipment.
In 4Q 2015, the order intake decreased by 49% yoy to Rub 1.7 bn because of a Rub 1.6 bn contract signed in 4Q 2014. The order intake for standard equipment slid down by only 6% yoy.
Compressors business segment
For FY 2015, the order intake amounted Rub 8.1 bn (+%276 yoy) not only because of a large Rub 3.5 bn contract signed in 3Q 2015, but also due to a growing number of orders for standard compressors and compressor units.
Engineering business segment (EPC)
For FY 2015, the order intake fell 49% to Rub 1.5 bn. The project & design sub-segment’s order intake grew by 19% yoy, but it did not compensate for a sharp decline in the construction sub-segment explained by quite a difficult situation in the construction market and revaluation of one of the construction contracts.
In 4Q 2015, both EPC sub-segments showed weak results.
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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 more information, please, contact:
Inna Kelekhsaeva, Deputy Head of Capital markets
Phone: +7 (495) 730-6601 x 1318, Email: kelekhsaeva@hms.ru
Anna Obotnina, Head of Marketing communications
Phone: +7 (495) 730-6601 x (600)3304, Email: obotnina@hms.ru
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.
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