OREANDA-NEWS. May 15, 2015. 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 the 1st quarter and 3 months of 2015.

1 QUARTER (3 MONTHS) HIGHLIGHTS

  • Total order intake for 1Q amounted to Rub 6.6 bn, down 1% y-o-y
  • Compressors order intake grew by 144% y-o-y
  • Oil & gas equipment order intake declined by 36% y-o-y


Order intake for 1Q 2015

Order intake,
Rub mn

1Q 2014

1Q 2015

Change
y-o-y

4Q 2014

1Q 2015

Change
q-o-q

Industrial pumps

4,128

4,313

4%

4,517

4,313

-5%

Oil & Gas equipment

2,099

1,344

-36%

3,384

1,344

-60%

Compressors

263

643

144%

683

643

-6%

Engineering

202

342

69%

1,608

342

-79%

   Construction

0

0

959%

1,244

0

-100%

   Project & design

202

341

69%

364

341

-6%

TOTAL

6,692

6,642

-1%

10,192

6,642

-35%


The Group’s order intake under management accounts for 1 quarter (3 months) 2015 amounted to Rub 6.6 bn, which is 1% lower in comparison with the previous year Rub 6.7 bn only due to a quarterly volatility. In general, 1Q 2015 order intake results are attributable to a stable inflow of orders for standard equipment.

All HMS’ business segments except the oil & gas equipment demonstrated year-on-year increase. The industrial pumps business segment showed a steady growth of 4% y-o-y in 1Q 2015. The compressors business segment more than twofold increased its order intake to Rub 643 mn, by 144% y-o-y. Also the engineering business segment demonstrated the positive trend with the 69% y-o-y growth.

Decline in 3 months 2015 oil & gas equipment orders reflects the fact, that the main operating oil & gas modular equipment facility of the Group, HMS Neftemash, is executing several large-scale contracts.

***

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.