HMS Networks: Interim report 2017, January - March
25 Avril 2017 - 7:50AM
Last twelve months
- Net sales for the last twelve months amounted to
SEK 1 030 m (732) corresponding to a 37 % increase in local
currencies. The revaluation of the Swedish currency had a positive
impact of SEK 24 m on net sales
- Operating profit for the last twelve months was
SEK 186 m (90) corresponding to a 18 % (12) operating margin
- Order intake for the twelve-month period was SEK
1 065 m (706)
- Cash flow from operating activities for the
twelve-month period amounted to SEK 203 m (87)
- Profit after tax for the last twelve months
amounted to SEK 128 m (51) and earnings per share was SEK 11.07
(4.46)
First quarter
- Net sales for the first quarter reached SEK 279 m
(201) corresponding to a 35% increase in local currencies
- Operating profit was SEK 57 m (20) corresponding
to a 21 % (10) operating margin
- Order intake for the first quarter was SEK 299 m
(199)
Comment from the CEO
2017 is off to a good start for
HMS. We can report record levels when it comes to order intake,
sales and operating income. Our turnover for the first quarter
landed on 279 MSEK. With stable gross margin and a disciplined
expansion on the cost side, we reached an operating profit of 57
MSEK, corresponding to an operating margin of 21%. Order income is
on a new record level (299 MSEK), the profit trend is positive and
cash flow is strong - all resulting in good opportunities for us to
actively work towards continued growth.
We see an underlying improvement
in the economy boosting our organic growth to almost 20%. This
combined with last year's acquisitions give us an overall growth of
35 % in local currencies for the first quarter.
We see very good growth in the
U.S. where the willingness to invest has improved significantly.
The weaker growth that we saw in Japan at the end of last year, has
turned around, and Japan is now showing good growth again. Our
largest market, Germany, continues to grow at a stable rate which
concludes that all our markets and product lines are developing
well.
We have initiated a number of
partnerships in the United States within the area of "Industrial
Internet of Things" and we see concrete inquiries and business
beginning to take shape in this area. Our partnerships are
primarily about complementary software solutions that can make use
of the HMS communication products to gather data from industrial
machines to various IT and IoT solutions.
Our focus is to drive continued
growth in our business. We continue to balance our long term growth
strategy with a cautious approach to costs. We believe that the
market for industrial data communication is an interesting growth
area, and we continue to focus on our motto "HMS - Connecting
Devices."
Staffan Dahlström
Chief Executive Officer
Further information can be obtained from: CEO
Staffan Dahlström, telephone +46 (0) 35-17 29 01 or CFO Gunnar
Högberg, telephone +46 (0) 35-17 29 95. www.hms-networks-com/ir
This information is such that HMS
Networks AB (publ) is required to disclose in accordance with the
Swedish Financial Instruments Trading Act and the Swedish
Securities Market Act. The information was submitted for
publication at 07.50 CET on April 25, 2017.
HMS Networks AB (publ) is the leading independent
supplier of products for industrial communication and remote
management. Reported sales reached SEK 952 m in 2016. Development
and manufacturing take place at the headquarter in Halmstad,
Sweden, in Nivelles Belgium, in Igualada, Spain and in Weingarten,
Germany. Local sales and support are handled by branch offices in
China, Denmark, France, Belgium, Germany, Spain, India, Italy,
Japan, UK, and USA. HMS employs over 480 people and develops and
manufactures solutions for connecting automation devices and
systems to industrial networks under the Anybus®, IXXAT® and
Intesis® brand and products for remote management and control under
the eWON® brand. HMS is listed on the NASDAQ OMX in Stockholm,
category Mid Cap, Information Technology.
Q1 Report 2017
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: HMS Networks AB via Globenewswire
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