Press releases from HMS Networks

Get all the latest financial and corporate news from HMS Networks around the world

Press releases

All the latest financial press releases from HMS Networks

Cautious customers resulting in lower growth

by Thomas Carlsson | Jan 17, 2012
As previously communicated in the 9 month report HMS has seen customers becoming more cautious under the present market situation. Due to the uncertainties in the market the company´s sales volumes did not grow as expected. 

Based on preliminary information net sales for 2011 increased with 11 % reaching SEK 384 m (345).  Net sales for the fourth quarter was approximately SEK 95 m (92). The extensive expansion during 2011 increasing the company´s sales- and development resources was performed according to plan and is now increasing operating expenses. Based on a preliminary assessment HMS operating margin for the fourth quarter will be approximately 8-10 % and approximately 18 % for the full year 2011. 

"During the fourth quarter we have continued to see unstable market condition with fluctuating order intake on several markets. The last six month have been characterized by an uncertain development on the market rendering our  existing customers to take a more cautious position. HMS still experience a good order intake related to customdesigns based on our technology. These customized solutions will not affect net sales until later 2012 and going forward.," says CEO Staffan Dahlström. 

The weakness of the Japanese market is expected to continue in the near future. The German market is slow but we do see positive signals in the automotive segment. The US market continues to develop positively. 

Investors press contact

HMS Headquarters - Sweden

Joakim-Nideborn

JOAKIM NIDEBORN

Tel: +46 35 17 29 00

Email: joni@hms.se

Press images

Download press images and logotypes

Click here

More investor information

Article

Five reasons to invest in HMS

With a business concept in line with the future and a proven track record of innovation, HMS is a company aiming for future growth.
Page

Financial Information

Over the past decade, HMS has grown by an average of over 20 % per year. Learn more about the HMS stock and our financial development.
Reports

Financial Reports

HMS has excellent opportunities for continued growth into the future. View our latest financial reports or browse our extensive report database.
Page

Corporate Governance

Corporate governance is instrumental in the development of HMS' shareholder values and investor confidence. Learn more on how HMS is governed.