Last checked at 24 Apr 2013 11:12
HMS Hydraulic Machines & Systems Group plc
(the “Company”, and together with its subsidiaries, the “HMS Group”)
HMS GROUP Q1 2013 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 issues the following statement regarding orders received during Q1 2013.
Please note, starting from Q1 2013 we will provide the data split under management accounts, which corresponds with the Note “Segment Information” under IFRS accounting, compared to a split by a type of products or services we used to provide in 2012. All 2012 numbers will be adjusted accordingly.
HIGHLIGHTS:
In Q1 2013, order intake under management accounts amounted to Rub 9.2 bn (USD 290 mn1), up 17% YoY, versus Rub 7.8 bn (USD 248 mn) in Q1 2012 In the industrial pumps business segment order intake was flattish (-1% YoY) and amounted to Rub 3.3 bn. Strong inflow of orders for pumps for oil upstream, midstream and downstream applications as well as for pumps for nuclear power plants were offset by weaker orders for pumps for water utilities and thermal power generation. In the oil and gas equipment business segment order inflow contracted by 33% due to lack of the large-scale infrastructure contracts signed in the reporting period. In the EPC business segment order intake grew by 54% primarily driven by contracts for project and design services in the oil and gas sector In the compressor business segment, established in Q3 2012, order flow amounted to Rub 1,265 mn| Order Intake (millions of Rub) | Q1 2013 | Q1 2012 | Δ | ||||
| Business segments | |||||||
| Industrial pumps | 3,324 | 3,358 | -1% | ||||
| Oil and Gas equipment | 1,774 | 2,666 | -33% | ||||
| Compressors | 1,265 | 0 | - | ||||
| EPC, including | 2,799 | 1,816 | +54% | ||||
| Construction | 1,696 | 1,416 | +20% | ||||
| Project and design | 1,103 | 400 | +176% | ||||
| Total | 9,162 | 7,840 | +17% |
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. The Group reported revenues of Rub 23.6 billion, adjusted EBITDA of Rub 4.0 billion and profit for the period of Rub 1.5 billion for the 9 months ended September 30, 2012. The HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.
For further information, please contact:
| Sergey Klinkov Head of IR Tel: +7 (495) 730-66-01, ext. 1302 klinkov@hms.ru | Nozima Karimova Head of Press Service Tel: +7 (495) 730-66-10 karimova@hms.ru |
1 Hereafter , 1USD = 31,5664 RUB (CBR rate as of April, 23, 2013).
Copyright Business Wire 2013