Hms Hydraulic S Regulatory News (HMSG)

9 Feb 2015 07:02

HMS Hydraulic Machines & Systems Group plc(the “Company”, and together with its subsidiaries, the “HMS Group”)HMS GROUP 4Q AND 12M 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 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 fourth quarter and twelve months of 2014.

12 MONTHS 2014 HIGHLIGHTS

Order intake for 4Q 2014 and 2014 FY

The Group’s order intake under management accounts for 12 months 2014 amounted to Rub 34.7 bn, which is almost flat compared to the previous year Rub 34.8 bn. Both large projects and standard equipment showed stable performance during 2014 in spite of worsened macroeconomic conditions. The 4th quarter 2014 large contracts order intake results were 30% lower vs. previous year due to usual quarterly volatility. Standard equipment orders inflow remained stable.

The Group’s key industrial pumps business segment showed a steady growth of 26% and 27% y-o-y in 2014 and 4Q 2014 respectively.

The order intake in the oil & gas equipment business segment for 12 months 2014 and 4Q 2014 stayed almost the same high compared year-on-year.

Decline in 2014 FY compressors orders reflects delays in some targeted tenders in the reporting periods, though in 4Q 2014 order intake grew by 31% y-o-y.

Negative dynamics in order intake of the EPC business segment for 12 months 2014 was attributable to weak results of Giprotyumenneftegaz (GTNG) from the project and design sub-segment due to delays in clients’ investment projects. And the construction sub-segment, conversely, demonstrated a stable order intake growth both for 4Q and 12 months 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.

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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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