HMS group order portfolio grows 55% in 2012
MOSCOW. Jan 29 (Interfax) - The HMS group ended last year with a 55% larger portfolio of orders than it had in 2011 - 36.1 billion rubles, or $1.2 billion, the company said.
However, the portfolio contracted 36% to 6.9 billion rubles in the fourth quarter.
In the industrial pumps business segment, order intake grew 29% year-on-year to 2.172 billion rubles, but it decreased 48% to 2.126 billion rubles in the oil and gas equipment segment and 50% to 355 million rubles in the compressor segment. The value of engineering, procurement, and construction (EPC) contracts declined 62% to 1.69 billion rubles.
The HMS Group produces pump and oil and gas equipment and also provides construction services at oil and gas deposits in Russia and the CIS. It has assets in Vladimir and Oryol regions, Tomsk, Tyumen, Khanty Mansi Autonomous District, and Belarus and Ukraine. The company is controlled by its management.