Moscow, October 6, 2016
HMS Hydraulic Machines & Systems Group plc
(the “Company”, and together with its subsidiaries, the “HMS Group”)
FORBES: HMS is a Top-10 Largest Machine-building Company in Russia
Moscow, Russia – October 6, 2016 - HMS Group (LSE: HMSG) announces today that according to the FORBES 2016 ranking it is among Top-200 Russia’s Largest Private Companies and Top-10 Russia’s Largest Machine-Building Companies.
HMS Group is a newcomer to the 2016 FORBES Top-200. The company ranks No. 182 with revenue growth of 15% year-on-year to Rub 37 billion. While the combined revenue of Top-200 Russia’s Largest Private Companies increased by 13% despite low oil prices, sanctions and slowing consumer demand.
Moreover, Forbes has ranked HMS Group No. 9 Russia’s largest private machine-building company. It is also important to point out that in this ranking HMS Group is the only producer of oil & gas equipment as well as the only LSE-listed company.
Companies are ranked by total revenue for 2015, that totalled Rub 667 billion, down by 19% year-on-year from Rub 825 billion in 2014. Unlike most other participants, HMS is one of the few with growing revenue, that is mirroring the present situation in the agriculture and oil & gas industries where companies are better positioned in the shrinking market.
Forbes: Russia’s Largest Private Machine-building companies
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HMS Group is the leading pump and compressor manufacturer, as well as provider of integrated solutions and related services to the oil and gas, petrochemistry, nuclear and thermal power generation, water and wastewater sectors in Russia and the CIS. HMS Group’s products are mission-critical elements of projects across a diverse range of industries. It has participated in a number of large-scale infrastructure projects in Russia, including providing pumps and modular equipment to the Vankor oil field and pumping stations on recent trunk pipelines projects linking Russia’s core oil producing areas to export ports on the Pacific Ocean and Baltic Sea. HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.
For more information, please, contact:
Inna Kelekhsaeva, Deputy Head of Capital markets
Phone: +7 (495) 730-6601 x 1318, Email: email@example.com
Anna Obotnina, Head of Marketing communications
Phone: +7 (495) 730-6601 x (600)3304, Email: firstname.lastname@example.org
The information contained herein has been prepared using information available to HMS Hydraulic Machines & Systems Group Plc (“HMS Group” or “HMS” or “Group” or “Company”) at the time of preparation of the press release. External or other factors may have impacted on the business of HMS Group and the content of this press release, since its preparation. In addition all relevant information about HMS Group may not be included in this press release. No representation or warranty, expressed or implied, is made as to the accuracy, completeness or reliability of the information.
Any forward looking information herein has been prepared on the basis of a number of assumptions which may prove to be incorrect. Forward looking statements, by the nature, involve risk and uncertainty and HMS Group cautions that actual results may differ materially from those expressed or implied in such statements. Reference should be made to the most recent Annual Report for a description of the major risk factors. This press release should not be relied upon as a recommendation or forecast by HMS Group, which does not undertake an obligation to release any revision to these statements.
This press release does not constitute or form part of any advertisement of securities, any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for, any shares in HMS Group, nor shall it or any part of it nor the fact of its presentation or distribution form the basis of, or be relied on in connection with, any contract or investment decision.