HMS Networks: Year-end report 2015, January - December
05 Febbraio 2016 - 7:50AM
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
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
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX 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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