HMS Group FY 2015 order intake increased to Rub. 35.9 billion
OREANDA-NEWS. The Group’s order intake for FY 2015 achieved its record high and reached Rub 35.9 bn, a 3% yoy increase on FY 2014, albeit the order intake in 4Q 2015 declined by 11% yoy to Rub 9.0 bn from Rub 10.2 bn in the comparable quarter. In a challenging environment, the growth was driven by a larger number of orders for standard equipment in the industrial pumps business segment and the compressors business segment. When excluding large contracts signed, the order intake grew both annually and quarterly (+17% yoy and +5% yoy correspondingly).
Industrial pumps business segment
For FY 2015, the order intake increased by 17% yoy to Rub 18.3 bn and in 4Q 2015 by 31% yoy mainly due to a growing number of small- and middle-size orders for pumps.
Oil & gas equipment business segment
For FY 2015, the order intake decreased by 43% yoy to Rub 7.9 bn due to a high base effect in 2014, when two large contracts in the oil & gas equipment business segment were signed. When excluding these contracts from the consideration, the order intake grew by 16% yoy because of an inflow of contracts for standard equipment.
In 4Q 2015, the order intake decreased by 49% yoy to Rub 1.7 bn because of a Rub 1.6 bn contract signed in 4Q 2014. The order intake for standard equipment slid down by only 6% yoy.
Compressors business segment
For FY 2015, the order intake amounted Rub 8.1 bn (+%276 yoy) not only because of a large Rub 3.5 bn contract signed in 3Q 2015, but also due to a growing number of orders for standard compressors and compressor units.
Engineering business segment (EPC)
For FY 2015, the order intake fell 49% to Rub 1.5 bn. The project & design sub-segment’s order intake grew by 19% yoy, but it did not compensate for a sharp decline in the construction sub-segment explained by quite a difficult situation in the construction market and revaluation of one of the construction contracts.
In 4Q 2015, both EPC sub-segments showed weak results.