HMS Networks: Interim report 2016, January - March
(Thomson Reuters ONE) -
Last twelve months
* Net sales for the last twelve months amounted to SEK 732 m (620)
corresponding to a 13 % increase in local currencies. The revaluation of the
Swedish currency had a positive impact of SEK 35 m on net sales
* Operating profit for the last twelve months was SEK 90 m (108) corresponding
to a 12 % (17) operating margin
* Order intake for the twelve-month period was SEK 706 m (637)
* Cash flow from operating activities for the twelve-month period amounted
to SEK 87 m (92)
* Profit after tax for the last twelve months amounted to SEK 51 m (71) and
earnings per share was SEK 4.46 (6.26)
First quarter
* Net sales for the first quarter increased by 18 % to SEK 201 m (170)
* Operating profit was SEK 20 m (32) corresponding to a 10 % (19) operating
margin
* Order intake for the first quarter was SEK 199 m (174)
* eWON SA, acquired during the first quarter, affected sales and the result
during two months
* Costs related to the acquisition had a SEK 3 m negative impact on the
operating profit during the first quarter
Comment from the CEO
During the first quarter 2016 we reached a new sales record of SEK 201 m and a
growth of 18%. Behind these figures we have a substantial positive impact from
the acquired Belgium company eWON SA but also a weaker than expected development
from HMS traditional operations. eWON develops and sells products for remote
access and remote monitoring of industrial control systems to, for example
machine manufacturers. The acquisition is an excellent complement to the HMS
technology platforms for Remote Management as well as it contributes with a well
established network of sales channels in Europe and USA.
For the traditional operations of HMS we saw a continuing cautious development
of the market with a weak growth. In the quarter we can also report an
unfavourable product mix to a few large customers resulting in a lower gross
margin. This in combination with investments in new resources and the Industrial
Internet of Things initiated during the previous year resulted in a weak start
of 2016.
During the first quarter, we have started to coordinate the eWON sales and
marketing resources with HMS existing organization for our three brands Anybus®,
IXXAT® and eWON®. In the longer term there are also good opportunities to
coordinate technology and development of the acquired business, which is
expected to have a positive impact on future generations of products from HMS.
Our aim now is to achieve the full effect of the opportunities we see in the
newly acquired operations and the recent investments in new resources.
Order intake also including eWON improved during the period compared to Q4
2015, but we did not quite reach the level reported for the same quarter in
2015. Including eWON, we can see an increasing order intake in the first quarter
of 2016. However, the uncertainty we previously expressed, remains in our
markets. We continue to see new design wins which strengthens our strong
position in the market.
An increased strain from the amortization of intangible assets, costs related to
the acquisition and investments in additional resources, primarily in sales and
marketing, are affecting the profit for the first quarter.
The German and Japanese markets continue to develop strongly. For the US, we
continue to see a mixed picture with a weak market and some delays in placing
orders from some customers.
The product line Netbiter, which in the future will be a part of the eWON brand,
is showing a sales increase of 40% in the first quarter, although from small
volumes. With the strong products from eWON, we believe that this area of the
HMS product offering will be able to develop even better in the future.
During the first quarter, we launched two interesting products within the
Industrial Internet of Things (IIoT). Firstly, the Anybus .NET gateway which is
an easy way to connect industrial control systems (OT) to IT systems via .NET.
We also launched the Anybus SG-gateway for Smart Grid applications, which
enables communication between machines with high power consumption and systems
for Smart Grid energy distribution.
Our focus is to drive growth within our three product brands. We continue to
balance our long term growth strategy with a cautious approach to costs. In the
long term, we believe that the market for industrial communication and remote
monitoring will be 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/or the Swedish
Securities Market Act. The information was submitted for publication at 07.50
CET on April 26, 2016.
HMS Industrial Networks is the leading independent supplier of products for
industrial communication and remote management. Reported sales reached SEK 701 m
in 2015. Development and manufacturing take place at the headquarters in
Halmstad, Sweden, in Nivelles Belgium and in Weingarten, Germany. Local sales
and support are handled by branch offices in China, Denmark, France, Belgium,
Germany, India, Italy, Japan, UK, and USA. HMS employs over 430 people and
develops and manufactures solutions for connecting automation devices and
systems to industrial networks under the Anybus and IXXAT brand and products for
remote management and control under the eWON and Netbiter brands. HMS is listed
on the NASDAQ OMX in Stockholm, category Mid Cap, Information Technology.
Q1 Report 2016:
http://hugin.info/138433/R/2006662/741504.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
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#2006662]
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
" alt="ChitrChatr Communications Purchases WRt News WebsiteDatum: 26.04.2016 - 07:50 Uhr
Sprache: Deutsch
News-ID 466303
Anzahl Zeichen: 7159
contact information:
Town:
Halmstad
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 283 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"HMS Networks: Interim report 2016, January - March"
steht unter der journalistisch-redaktionellen Verantwortung von
HMS Networks AB (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
