First nine months 2010
* Sales increased with 47 % and operating profit increased by a factor of four
* Net sales for the first nine months increased to SEK 252.9 m (172.3),
corresponding to a 58 % increase in local currencies. Net sales for the last
twelve months amounted to SEK 325.1 m (250.2)
* Operating profit reached SEK 63.7 m (15.3), equal to a 25.2 % (8.9)
operating margin. For the last twelve month period operating margin amounted
to 24.4 % (16.9)
* Order intake for the first nine months increased with 44 % to SEK 254.7 m
(176.8)
* Cash flow from operating activities improved with SEK 36.6 m reaching SEK
49.5 m (12.9)
* Profit after taxes totaled SEK 46.6 m (9.0) and earnings per share amounted
to SEK 4.10 (0.83)
* Net sales for the third quarter amounted to SEK 87.6 m (56.7) and operating
result reached SEK 23.5 m (13.3)
Comments of the CEO
It is a great pleasure to see that we now have completely recovered from the
downturn in sales that we experienced in 2009. Net sales for the last twelve
months reached SEK 325 m exceeding the 2008 sales volume with some percentage
points. We have now initialized a new and exciting phase of expansion in the
history of HMS. The present activities to accomplish a long term profitable
growth includes extended resources in staff, product launches, and further
improvements in the efficiency of our operations
The recovery we reported during the first half year leveled out during the third
quarter and stabilized on a historical high level. We have experienced a
continued uncertainty in the market during the third quarter resulting in an
irregular order intake. The development in Europe especially on the German
market continued on a good level but the Japanese market was weak during the
third quarter.
As a part of our long term strategy we continue to strengthen our resources
within product development, sales and marketing. These activities continue
according to the plan established for the present year. During the year we have
employed 21 new staff members. The effects of the increase in our resources will
affect the cost level during the second half of 2010 but In the long term this
will strengthen our market position
Halmstad October 21, 2010
Urban Jansson Staffan Dahlström
Chairman of the Board Chief Executive Officer
Nicolas Hassbjer Göran Sigfridsson
Vice Chairman of the Board
Henrik Johansson Ray Mauritsson
Gunilla Wikman Charlotte Brogren
Further information can be obtained from:
CEO Staffan Dahlström, on telephone +46 (0) 35-17 29 01 or
CFO Gunnar Högberg, on telephone +46 (0) 35-17 29 95
See also:http://investors.hms.se
HMS Networks is a world-leading supplier of communication technology for
industrial automation. Sales totaled SEK 325 million for the last twelve months.
Over 90% of these sales were to customers located outside Sweden. All product
development and parts of the manufacturing are performed at the head office in
Halmstad. Sales offices are located in Tokyo, Beijing, Karlsruhe, Chicago, Milan
and Mulhouse. HMS has 164 employees and produces network interface cards and
products to interconnect different networks under the trademark Anybus®. The
network interface cards are embedded in automation equipment such as robots,
control systems, motors and sensors. This allows subcomponents in machines to
communicate with one another and with different networks in order to build more
efficient and flexible manufacturing systems. HMS is listed on NASDAQ-OMX Nordic
Exchange in Stockholm in the category Small Cap, Information Technology.
[HUG#1453718]
