December 15, 2017 1:19 PM ET

Electrical Equipment

Company Overview of Public Joint Stock Company "Power Machines - ZTL, LMZ, Electrosila, Energomachexport"

Company Overview

Public Joint Stock Company ‘Power Machines - ZTL, LMZ, Electrosila, Energomachexport’, a power engineering company, engages in the engineering, design, manufacture, and supply of equipment sets for thermal, nuclear, and hydro power plants. It operates through two segments, Development and Energy-Generating Equipment. The company produces turbines and auxiliary equipment for hydro, thermal, and nuclear power plants; low- and medium-capacity steam turbines; electro technical equipment and propulsion engines; components for hydraulic-turbine equipment; generators for hydraulic, steam, and gas turbines; propulsion engines and heavy electrical machinery; boiler equipment sets for thermal power pl...

3 Lit. A, Vatutina Street

St. Petersburg,  195009

Russia

Founded in 1996

16,328 Employees

Phone:

7 812 346 7037

Fax:

7 812 346 7035

Key Executives for Public Joint Stock Company "Power Machines - ZTL, LMZ, Electrosila, Energomachexport"

Chief Executive Officer
Age: 66
CFO, Member of the Executive Board, Economy & Finance Director and Director
Age: 47
Chief Executive Officer of Electrosila
Age: 65
Chief Executive Officer of Turbine Blades' Plant
Age: 67
Chief Executive Officer of Leningradsky Metallichesky Zavod
Compensation as of Fiscal Year 2017.

Public Joint Stock Company "Power Machines - ZTL, LMZ, Electrosila, Energomachexport" Key Developments

Power Machines to Supply RUB 38 Billion of Equipment for NPP in Bangladesh

Power Machines will manufacture and deliver core and auxiliary equipment for new units of the Rooppur Nuclear Power Plant in Bangladesh with capacity of 1,200 MW each. The contract is worth RUB 38.25 billion and the customer is JSC CEPD, the directorate for consolidated procurement of nuclear power plant equipment. Power Machines will design, manufacture and deliver to sets of steam turbines, condensers and selected auxiliary equipment for turbine plant systems, as well as two turbine generator sets with equipment for auxiliary systems, excitation system and exciter. The company will also supply heat exchange and pump equipment, piping and the necessary fittings. It will also oversee the installation, and pre-commissioning work at the NPP for all of the supplied equipment. The completion of equipment deliveries for the No. 1 and No. 2 units of the NPP is scheduled for 2020 and 2021, respectively, and the units are expected to be launched in 2022 and 2023, respectively.

PJSC Power machines Announces Earnings Results for the First Half of 2017

PJSC Power machines announced earnings results for the first half of 2017. RAS net loss of the company for first half of 2017 decreased by 33.52% to RUB 961.391 million from RUB 1.446 billion for the same period in 2016. Revenue decreased by 3.32% to RUB 21.431 billion from RUB 22.168 billion, sales profit by 46.9% to RUB 984.899 million from RUB 1.855 billion, loss before tax by 25.84% to RUB 1.454 billion from RUB 1.961 billion. IFRS net loss of Power machines Group for 2016 grew 3 times to RUB 4.047 billion. The group's revenue increased by 29.4% to RUB 77 billion. Gross profit grew by 80% to RUB 15.3 billion. EBITDA on group decreased by 4.5% to RUB 7.1 billion. As of December 31, 2016, the portfolio of orders of Power machines was $5.5 billion, roughly no change year-on-year.

Power Machines Announces Management Changes

Power Machines announced that deputy CEO and technical director Yuri Petrenya was appointed the new CEO of the company at a meeting on June 19. In addition the board of directors decided to relieve former CEO Roman Filippov of his duties before term.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 10, 2017
Power Machines Fezer S/A
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