Press-releases

24.04.2013

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 mn*), 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

DISCLAIMER

THIS COMMUNICATION DOES NOT CONSTITUTE AN OFFER OF, OR THE SOLICITATION OF AN OFFER TO BUY OR SUBSCRIBE FOR, GDRs OR OTHER SECURITIES TO ANY PERSON IN ANY JURISDICTION TO WHOM OR IN WHICH SUCH OFFER OR SOLICITATION IS UNLAWFUL AND, IN PARTICULAR, IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE RUSSIAN FEDERATION.

THIS ANNOUNCEMENT IS NOT AN OFFER FOR SALE OF ANY SECURITIES IN THE UNITED STATES. SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE US SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THE HMS GROUP HAS NOT REGISTERED AND DOES NOT INTEND TO REGISTER ANY PORTION OF ANY OFFERING IN THE UNITED STATES OR TO CONDUCT A PUBLIC OFFERING OF ANY SECURITIES IN THE UNITED STATES.

THIS COMMUNICATION IS ONLY BEING DISTRIBUTED TO AND IS DIRECTED ONLY AT (I) PERSONS WHO ARE OUTSIDE THE UNITED KINGDOM OR (II) INVESTMENT PROFESSIONALS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE “ORDER”) AND (III) HIGH NET WORTH ENTITIES, AND OTHER PERSONS TO WHOM IT MAY LAWFULLY BE COMMUNICATED, FALLING WITHIN ARTICLE 49(2) OF THE ORDER (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS “RELEVANT PERSONS”). THE SECURITIES REFERRED TO IN THIS ANNOUNCEMENT ARE ONLY AVAILABLE TO, AND ANY INVITATION, OFFER OR AGREEMENT TO SUBSCRIBE, PURCHASE OR OTHERWISE ACQUIRE SUCH SECURITIES WILL BE ENGAGED IN ONLY WITH, RELEVANT PERSONS. ANY PERSON WHO IS NOT A RELEVANT PERSON SHOULD NOT ACT OR RELY ON THIS DOCUMENT OR ANY OF ITS CONTENTS.

*Hereafter , 1USD = 31,5664 RUB (CBR rate as of April, 23, 2013).


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