HMS Networks: Year-end report 2015, January - December
(Thomson Reuters ONE) -
Yearly
* Net sales for the full year 2015 increased by 19 % reaching SEK 702 m (589),
corresponding to a 10 % increase in local currencies. The revaluation of the
Swedish currency had a positive impact of SEK 51 m on net sales.
* Operating profit reached SEK 102 m (98) corresponding to a 14 % (17)
operating margin.
* Order intake for the year increased to SEK 682 m (611), corresponding to a
3 % increase in local currencies.
* Cash flow from operating activities amounted to SEK 90 m (93).
* Profit after taxes totalled SEK 60 m (63) and the result per share amounted
to SEK 5.33 (5.59).
* The Board of Directors propose a dividend to the amount of SEK 2.50 (2.50).
Fourth quarter
* Net sales for the fourth quarter reached SEK 175 m (156) corresponding to an
8 % increase in local currencies.
* Operating result reached SEK 14 m (18) corresponding to an 8 % (12) EBIT
margin.
* Order intake during the fourth quarter was SEK 157 m (162) corresponding to
a 3 % decrease.
Subsequent events
* HMS signs an agreement to acquire the Belgian company eWON SA.
Comment from the CEO
With continued growth in the last quarter, we sum up 2015 with a turnover of
702 million SEK, a growth of 19% compared to the previous year. During 2015, we
had a tailwind from the weakened Swedish krona but also in local currencies, we
had double-digit growth rates. As usual, the fourth quarter brought high costs
for HMS with a large number of marketing activities. Order intake for the final
quarter was weaker than expected.
Furthermore, the continually reduced activation of the company's development
costs had a negative effect on the results. Geographically, Germany, Scandinavia
and Japan have shown steady growth during the year, while the US market has
continued to be relatively weak.
Product-wise, all of our three product lines - Anybus, IXXAT and Netbiter - show
good growth. We also see a continued strong growth in the number of new design
wins in 2015. In total, we got 195 new design wins for our products during the
year and the total number of active design wins now amounts to 1381, an increase
of 12% compared to the previous year. Out of these, 1023 are in production while
358 are expected to go into production in the coming years.
The fact that we received a record number of new design wins during the year,
shows that we have an attractive product offering and good prospects for
continued growth.
The exciting work of launching new products for the Industrial Internet of
Things (IIoT) was initiated in 2015. This has now resulted in the Anybus
Wireless Bolt, OPC UA communication, EtherNet/IP Linking Devices and SG-gateways
for smart energy grids.
These new products are focused on efficient data collection and data transfer
within IIoT applications. The focus on IIoT during the year meant increased
investments in sales, marketing and development.
Our efforts to improve efficiency and quality continue. This is seen in a stable
gross margin for the year and continued good quality levels. As in previous
years, we can conclude that our field returns are just below 200 ppm (0.02%) -
This is world class!
In early February 2016, HMS signed an agreement to acquire the Belgian company
eWON SA. eWON is market leading in the field of remote monitoring and remote
control, and will significantly strengthen HMS' position in this field. The
company has 58 employees and sales of approximately 140 million SEK with an
operating margin of over 20%.
The products that eWON manufacture and market are a strong complement to our
existing solution for remote management. Together, these products will become a
competitive offer, where we now have a strong position as the leading provider
of solutions for remote control and remote monitoring of industrial
applications. Particularly gratifying is that the two entrepreneurs behind eWON
have chosen to remain in the company and become major shareholders of HMS.
Our focus is to continue to drive growth with our product brands Anybus,
Netbiter, IXXAT and the newly acquired eWON. We continue to work with our long-
term growth strategy while retaining a balanced view of costs and new resources.
In the long term, we believe that the market for industrial data communication
and remote management will be an interesting growth area, and we continue to
focus on our motto "HMS - Connecting Devices".
Halmstad 5 February, 2016
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/or the Swedish
Securities Market Act. The information was submitted for publication at 07.50
CET on February 5, 2015.
HMS Networks AB (publ) is a world-leading supplier of communication technology
for industrial automation. Sales amounted to 702 million SEK in 2015 and 90% of
the products are exported outside Sweden. Development and manufacturing take
place at the headquarters in Halmstad, Sweden and in Ravensburg, Germany. Local
sales and support offices are situated in China, Belgium, Switzerland, France,
Germany, India, Italy, Japan, UK, and USA. HMS has more than 370 employees and
manufactures network interface cards and gateways to interconnect different
networks under the trademarks Anybus® and IXXAT® as well as products for remote
management under the trademark Netbiter®. HMS is listed on the NASDAQ OMX in
Stockholm, category Mid Cap, Information Technology.
Q4 Report 2015:
http://hugin.info/138433/R/1983969/727226.pdf
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other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: HMS Networks AB via GlobeNewswire
[HUG#1983969]
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Datum: 05.02.2016 - 07:50 Uhr
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News-ID 448924
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contact information:
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