HMS Group 4Q and 12M 2014 Order Intake
HMS Group released the statement regarding orders received during fourth quarter and twelve months of 2014.
12 Months 2014 Highlights
- Total order intake for 12 months 2014 amounted to Rub 34.7 bn, almost flat y-o-y
- Standard equipment order intake grew by 1% y-o-y
- Large projects order intake declined by 3% y-o-y
The Group’s order intake under management accounts for 12 months 2014 amounted to Rub 34.7 bn, which is almost flat compared to the previous year Rub 34.8 bn. Both large projects and standard equipment showed stable performance during 2014 in spite of worsened macroeconomic conditions. The 4th quarter 2014 large contracts order intake results were 30% lower vs. previous year due to usual quarterly volatility. Standard equipment orders inflow remained stable.
The Group’s key industrial pumps business segment showed a steady growth of 26% and 27% y-o-y in 2014 and 4Q 2014 respectively.
The order intake in the oil & gas equipment business segment for 12 months 2014 and 4Q 2014 stayed almost the same high compared year-on-year.
Decline in 2014 FY compressors orders reflects delays in some targeted tenders in the reporting periods, though in 4Q 2014 order intake grew by 31% y-o-y.
Negative dynamics in order intake of the EPC business segment for 12 months 2014 was attributable to weak results of Giprotyumenneftegaz (GTNG) from the project and design sub-segment due to delays in clients’ investment projects. And the construction sub-segment, conversely, demonstrated a stable order intake growth both for 4Q and 12 months 2014.
Source: HMS Group