HMS Group boosts order portfolio 100% in Q3, 10% over 9 months
MOSCOW. Nov 5 (Interfax) - The HMS Group boosted orders in Q3, 2015, 100% year on year to 11.9 billion rubles, the company said.
In the industrial pump segment, the order portfolio increased 1%, to 3.805 billion rubles, and almost 200% in the oil and gas segment to 2.81 billion rubles. EPC orders, carrying out turnkey projects, fell more than one third, to 558 million rubles, and orders for compressors increased from 208 million rubles to 4.762 billion rubles.
The order portfolio grew 10% to 26.867 billion rubles over the nine months this year.
The growth in the segment came from industrial pumps, up 12%, to 12.399 billion rubles and in the compressor segment, where sales were up almost 400%, to 6.893 billion rubles. The company explains the growth from the signing of a contract in the third quarter in the amount of 3.5 billion rubles, as well as a significant increase in orders for standard compressors.
In the oil and gas segment, orders in January-September decreased 41.2%, to 6.195 billion rubles.
