HMS Networks: Interim report 2017, January - June
(Thomson Reuters ONE) -
First six months
* Net sales for the first six months increased with 33 % reaching SEK 577 m
(433), corresponding to a 29 % increase in local currencies
* Operating profit for the first six months reached SEK 117 m (55), equal to a
20 % (13) operating margin
* Order intake for the first six months increased with 40 % to SEK 626 m (447)
* Cash flow from operating activities amounted to SEK 109 m (51)
* Profit after taxes totaled SEK 80 m (38) and result per share amounted to
SEK 1.72 (0,84)
* Net sales for the last twelve months amounted to SEK 1 096 m (788)
corresponding to a 39 % increase. Operating result amounted to SEK 211 m
(101) corresponding to a 19 % (13) operating margin
Second quarter
* Net sales for the second quarter increased with 29 % reaching SEK 299 m
(232), corresponding to a 23 % increase in local currencies
* Operating result reached SEK 59 m (35) corresponding to an operating margin
of 20 % (15)
* Order intake during the second quarter was SEK 328 m (247)
* During the second quarter was a split of shares 4:1 performed, the total
number of shares are 46 818 868 after the split
Comment from the CEO
The strong development continues during the second quarter, with new record
levels of revenue, profit and order intake. The growth of 29% is to a large
extent driven by our organic growth, adjusted for acquisition and currency
effect, 15% compared with the second quarter 2016.
We continue to increase costs in line with our expansion plan. Despite the
increased cost levels, we are meeting our profitability target of 20 % operating
margin in the quarter. This is driven by the increased sales and stable gross
margins.
Growth was good in all geographic markets with stable development in Japan and
Germany. In North America, the positive trend we reported in the last quarter
continued with optimistic signals from our customers and an increased investment
willingness in the industry. The growth is driven by a positive development of
our brands, Anybus, IXXAT and eWON. Spanish Intesis, acquired in July 2016,
shows an outstanding development and we are now establishing Intesis staff in
the United States to expand the Intesis business in the American market.
The quarter has included several marketing activities and trade fairs, as well
as several new product launches.
In the first half of 2017 we see an underlying enhanced business climate, new
design wins and a good demand in our key markets. We are pleased to exceed both
our long-term goals of 20% sales growth and 20% operating margin, with a total
growth of 33% and operating margin of 20%.
We are beginning to see longer delivery times on electronic components, which
will increase our delivery lead times in the coming months. To minimize the
impact for our customers, we are strengthening our safety stocks of critical
components as well as expanding our production capabilities in Halmstad and
Nivelles, Belgium to meet future volume increases.
Our focus is to continue drive growth in our current areas of business. We
continue to balance our long-term growth strategy with a restrained view of
costs. In the long run, we estimate that the market for industrial data
communications will constitute an interesting growth area and we continue to
focus on our motto "HMS Connecting Devices".
Halmstad July 20, 2017
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 July 20, 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, Finland, France, Belgium, Germany, Spain, India, Italy, Japan, UK, and
USA. HMS employs over 500 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.
Q2 Report 2017:
http://hugin.info/138433/R/2121531/808417.pdf
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
Unternehmensinformation / Kurzprofil:
Datum: 20.07.2017 - 07:50 Uhr
Sprache: Deutsch
News-ID 553082
Anzahl Zeichen: 5674
contact information:
Town:
Halmstad
Kategorie:
Business News
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