HMS Networks: Interim report 2016, January - September
26 Ottobre 2016 - 7:50AM
First nine months
-
Net sales for the first nine months increased
with 30 % reaching SEK 687 m (527), corresponding to a 30 %
increase in local currencies
-
Operating profit reached SEK 110 m (87), equal
to a 16 % (17) operating margin
-
Order intake for the first nine months increased
with SEK 174 m to 698 m (524) corresponding to a 32 % increase in
local currencies
-
Cash flow from ongoing operations reached SEK
119 m (72)
-
Net result after tax amounted to SEK 75 m (57)
and result per share amounted to SEK 6.44 (5.01)
-
Net sales for the last twelve months amounted to
SEK 862 m (683) corresponding to a 25 % increase in local
currencies
-
Operating result for the last twelve months
amounted to SEK 124 m (105) corresponding to a 15 % (15) operating
margin
Third quarter
-
Net sales for the third quarter reached SEK 254
m (180) corresponding to a 41 % increase
-
Operating result reached SEK 55 m (31)
corresponding to a 21 % (17) operating margin
-
Order intake during the third quarter was SEK
252 m (180)
Comment from the
CEO
During the third quarter we reached new record levels both in net
sales and profitability. The growth in net sales is due to a
combination of organic growth and the contribution from the two
acquisitions made in 2016. Adjusted for currency effects, the
growth in net sales during the quarter was 39 % of which 11 %
originated from organic growth in our core business.
A strong development in our base business and a
positive contribution from the acquired companies strengthened our
gross margin. Together with a lower level of activities in the
third quarter due to the vacation period takes HMS to a new record
level of SEK 55 m in operating result. This operating margin
reached 21% for the third quarter of the year.
Net sales of SEK 254 m and an operating result of
SEK 55 m for the quarter means that we financially takes a
substantial step forward in line with our growth strategy.
Sales in Central Europe continues to develop well.
Great Britain reached new record levels despite uncertainties
around Brexit. The growth in Great Britain is driven by long-term
projects now materializing in deliveries to customers. We can see a
recovery in North America. This recovery is partly boosted by a
strong US currency improving our reported figures. Our sales in
Asia lead by Japan and China shows good development despite
uncertainties related to the strengthened Japanese currency
creating challenges for our customers in their export business. We
see a weak growth on our Nordic markets - to some extent due to
good performance during the comparable period last year.
Our ongoing efforts with the acquired companies
eWON and Intesis continues. The plan is primarily to let the
companies focus on the development of their success factors and in
the long term integrate them into the HMS operations. In the case
of eWON we continue to create synergies in the sales organization
and the Netbiter product line has now become a part of the eWON
product offer. This gives us the most complete product offer in the
market for industrial remote monitoring and communication which we
now define as "Remote Solutions".
Anybus Wireless Bolt was launched during the third
quarter. With Anybus Wireless Bolt it is easy to connect data from
industrial machines to different IT systems, something that
attracts a lot of interest in the market from IT companies looking
to expand their offer to the market with the HMS technology.
The interest in Industrial Internet of Things
(IIoT) comes not only from our traditional customer base but also
from new customer groups trying to gather information from
industrial applications to their IT systems. During the quarter HMS
completed a road show in eight different places in Europe and the
USA to show that our solutions already today can be used for new
IIoT applications. Hundreds of customers attended and we can notice
a great interest in our solutions. We have also performed a series
of Cyber security (digital security) seminars on the German market
showing how our future products offer an increased IT protection
for industrial applications. An area we see as an additional
possibility for growth in HMS.
We assume a cautious approach to the market
development and we consider the conditions for a long-term growth
as positive.
Our focus remains to grow our three product brands
Anybus, IXXAT and eWON and in the market segment Building
Automation in the recently acquired Intesis. We continue to balance
our long-term growth strategy with a restrictive approach to
expenses and new resources. In the long term, we consider the
market for industrial data communication and remote monitoring to
be interesting growth areas and we continue to focus on our motto
"Connecting devices".
Halmstad October 26, 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 October 26, 2016.
HMS Networks AB (publ) is the
leading independent supplier of products for industrial
communication and remote management. Reported sales reached SEK 702
m in 2015. 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.
Q3 Report 2016
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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