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Federal Antimonopoly Service (FAS) approved an acquisition of Dimitrovgradkhimmash

Moscow, Russia – March 22, 2012 – HMS Group (LSE: HMSG) announces today, that the Federal Antimonopoly Service approved the acquisition of 51% of a share capital in Dimitrovgradkhimmash (“DGHM”).

HMS Group has purchased 29.99% stake of the DGHM’s share capital in 2007 and increased its stake to 40% in 2009. Under the transaction announced on February 21, 2012 HMS Group acquired additional 11% for Rub 206 million (c.$7 million).

The company consolidates DGHM’s financials into HMS Group’s IFRS reporting starting from December 31, 2011.

In our Presentations & events section you will find the following documents:
  • Investor Relations release
  • Investor Newsletter

Dimitrovgradkhimmash is the Russian manufacturer of equipment for oil refining, chemical, petrochemical and gas processing purposes. Founded in 1931, DGHM supplies major oil & gas and chemical companies with a wide range of products – from pumps for oil and oil products to tanks and vessels and other special technological equipment for different applications. For the FY2011, DGHM has revenues of Rub c.1.6 billion ($53 million) and EBITDA of Rub 387 million ($13.0 million) with a strong 24.5% margin, in accordance with RAS. The company had no outstanding debt as of the end of 2011.

HMS Group is the leading pump manufacturer and provider of flow control solutions and related services to the oil and gas, nuclear and thermal power generation and water utilities 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. The Group reported revenues of RUB 20.6 billion, adjusted EBITDA of RUB 4.4 billion and profit for the period of RUB 3 billion for the nine months ended September 30, 2011. HMS Group’s global depositary receipts (“GDRs”) are listed under the symbol “HMSG” on the London Stock Exchange.

For further information, please contact:

Investor Relations: Sergey Klinkov, Head of Investor Relations
Phone: +7 (495) 730-6601 x 1302,

Media Relations: Nozima Karimova, Head of Press Service
Phone: +7 (495) 730-6610,

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