OREANDA-NEWS. July 27, 2015. 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:

  • 6M 2015 order intake amounted to Rub 14.9 bn, down 20% y-o-y
  • 6M 2015 order intake for standard equipment excluding integrated solutions grew by 25% y-o-y

Order intake for 6 months 2015

Order intake, Rub mn

6M 2014 6M 2015 Change y-o-y 2Q 2014 2Q 2015 Change y-o-y

Industrial pumps

7,298 8,595 +18% 3,170 4,250 +34%

Oil & Gas equipment

9,628 3,384 -65% 7,529 2,040 -73%

Compressors

1,277 2,131 +67% 1,014 1,488 +47%

Engineering

477 822 +72% 275 481 +75%

Construction

103 -1 -101% 103 -2 -102%

Project & design

374 824 +121% 171 483 +182%

Total

18,680 14,932 -20% 11,988 8,260 -31%

Order intake excl. large projects

11,043 13,770 +25% 6,634 7,241 +9%

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.

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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.