HMS Group 3Q and 9m 2014 Order Intake


HMS Group releases its order intake for the third quarter and the nine months of 2014.

9m 2014 Highlights:

  • Total order intake for 9m 2014 amounted to Rub 24.5bn, up 21% y-o-y
  • In industrial pumps business segment order intake grew by 7% y-o-y to Rub 11.1bn
  • Oil & gas business segment increased its order intake by 153% y-o-y to Rub 10.6bn
  • In compressor business segment order intake contracted by 57% y-o-y to Rub 1.5bn
  • In EPC business segment order intake decreased by 41% to Rub 1.4bn

Total order intake amounted to Rub 24.5bn, demonstrating a solid increase year-on-year. Most of this increase came from the large LH-project. Meanwhile, total order intake for the third quarter of the current year contracted to Rub 5.8bn by 18% in comparison with the corresponding period of last year. The main reason of that is intra-year volatility.

The Group’s key industrial pumps business segment showed a stable growth of orders by 7% year-on-year. The order intake for 3Q 2014 showed a minor decrease by 4% year-on-year.

The order intake in the oil & gas business segment more than doubled year-on-year to Rub 10.6bn due to the new large-scale LH-project. The decrease of orders in the 3Q 2014 was attributable to lower loading level of Neftemash’s production facilities due to their reservation for the large-scale projects as well as weaker-than-expected markets.

Decrease of orders for the compressor business segment both for 9m 2014 and 3Q 2014 reflects delays of some targeted tenders in the reporting periods.

Negative dynamics in order intake of the EPC for 9m 2014 was primarily attributable to weak results of the subsidiary Giprotyumenneftegaz (GTNG) from the project and design sub-segment in the first half of 2014. In 3Q 2014, it experienced an increase in orders (+20% in comparison with the corresponding period of last year).The construction sub-segment demonstrated growth in its order intakes both for 3Q and 9m 2014.

Source: HMS Group

More articles on this topic

Sulzer Pump Retrofit Secures Flare Knockout Pump Reliability

21.11.2023 -

To ensure the profitability of offshore oil and gas extraction, operators require equipment to perform reliably throughout long periods between maintenance intervals. When an international oil company (IOC) was experiencing short mean time between failures (MTBF) for its liquified petroleum flare knockout vessel pumps on an offshore platform in Malaysia, the business approached Sulzer for a pump retrofit to safeguard uptime.

Read more

The Global Industrial Pump Control Panels Market Size Is Expected to Reach a Valuation of Around US$ 2.6 Billion by 2033

13.09.2023 -

The global industrial pump control panels market size is expected to cross a valuation of US$ 1.6 billion in 2023. It is anticipated to surpass a valuation of around US$ 2.6 billion by 2033.
The market for industrial pump control panels is projected to create an incremental opportunity of US$ 1 billion in the review period 2023 to 2033. It is set to record a decent CAGR of around 4.9% in the same time frame.

Read more

Amarinth Overhauls Safety Critical Oil Containment Skid Packages

13.07.2023 -

Amarinth has been contracted by Wood to overhaul the three oil containment skid packages managed and operated by Oil Spill Response Limited. Six years ago, Amarinth supplied ten API 610 OH1 pumps with Plan 53B Seal Support systems to the Subsea Well Response Project for a global containment toolkit that can support subsea well incident response if well shut-in is not immediately possible.

Read more

Amarinth Signs PE Energy as West African Agent and Approved Certified Service Provider

02.06.2023 -

Amarinth has signed PE Energy Ltd, based in Nigeria, as a West African agent and Approved Certified Service Provider. PE Energy Ltd is one of the most trusted and sought-after partners in the West African oil and gas industry with a team of internationally trained experts delivering solutions and application engineering expertise in upstream, midstream, and downstream processes.

Read more