Financial Development

A look back at the latest years' financial development for HMS Networks.

2020 in brief

In 2020, HMS sales amounted to SEK 1,467 (1,519) million and operating profit was SEK 288 (243) million. The average number of employees during the year was 614 (617).


Intesis, part of the HMS Group since 2016, becomes HMS’s 4th Business Unit and is thereby enabled to use the HMS Sales and Marketing organization worldwide.

The Corona virus causes shutdowns across the world and most HMS staff go into home office mode. Manufacturing and supply chain continue to operate.

HMS implements short-time work for employees in Sweden and Germany and cancels dividend to shareholders.

For the 6th time in a row, Ewon is named the number one choice for Remote Access by the readers of the American business magazine Control Design.

HMS acquires 70% of all shares in the Dutch company Procentec B.V. Headquartered in Rotterdam, Procentec is a world leader in solutions and services for diagnostics and monitoring of industrial networks.

HMS acquires the remaining 25.1% of WEBfactory GmbH and becomes the sole owner.acquires Raster Products B.V., which is HMS’ primary distributor of Ewon products in the Netherlands.

In the financial report for Q3, HMS presents decreased growth but increased profitability. New financial targets for 2025 are also communicated, which include a growth target for net sales exceeding “π” billion (SEK 3.14 billion) with an operating margin target of 20%.

Despite the pandemic, HMS ends the year strongly and is back to growth with a 17% sales increase in Q4 (compared to Q4, 2019).

Key figures

  • 2018
  • 2017
  • 2016
  • 2015
2020  2019  2018 2017 2016
Net sales, SEK m  1,467  1,519 1,366 1,183 952
Growth in net sales, %  -3  11 15 24 36
Operating profit, SEK m  288  243 251 212 149
Operating margin, %  20  16 18 18 16
Profit for the year  220  205 171 143 100
Order intake, SEK m  1,447  1,470 1,433 1,204 966
Earnings per share, basic, SEK*  4.79  4.43 3.68 3.06 2.16
Dividend per share, SEK*  2.00** 0.00  1.80 1.50 1.00
Cash flow from operating activities, SEK m  370 254  193 207 155
Average number of employees  614 617  536 486 467


* Key ratios have been recalculated based on the 4:1 share split in the second quarter of 2017.
** Board's proposal.

Financial development (MSEK)


Earnings trend (MSEK)


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