First quarter 2009
* Net sales for the first three months 2009 amounted to SEK 65.6 m
(75.6). Net sales for the last four quarters totalled SEK 306.8 m
(278.0)
* Operating profit reached SEK 5.0 m (18.6), representing a 7.6 %
(24.6) operating margin. For the last four quarters the operating
margin amounted to 23.3%
* Negative SEK -7.1 m impact from currency hedging contracts
realized in the first quarter
* Profit after taxes totalled SEK 3.6 m (11.5)
* Earnings per share amounted to SEK 0.32 (1.02)
- The market continued to weaken during the first quarter of 2009,
which affects sales volumes. Our long term investment in future
growth increases our operating expenses compared to the previous
year, at the same time the weak Swedish currency and currency hedging
contracts realized during the period also affected the operating
result. We can see an increased inflow of new customers i.e. Design
Wins which supports us in our opinion that we in the long term will
reach our financial targets, says Staffan Dahlström, CEO of HMS.
Halmstad, April 24, 2009
Staffan Dahlström
CEO
This report has not been reviewed by the Company's auditor.
Further information can be obtained from the CEO Staffan Dahlström or
the CFO Gunnar Högberg on telephone +46-35-17 29 00. See also
http://investors.hms.se
HMS Networks is a world-leading supplier of communication technology
for industrial automation. Sales totalled SEK 317 million in 2008.
Over 90% of these sales were to customers located outside Sweden. All
development and the major portion of manufacturing are performed at
the head office in Halmstad. Sales offices are located in Tokyo,
Beijing, Karlsruhe, Chicago, Milan and Mulhouse. HMS has 155
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.
In 2008 HMS was awarded to Sweden's best export company by H.M. the
King of Sweden. HMS is listed on NASDAQ-OMX Nordic Exchange in
Stockholm in the category Small Cap, Information Technology.
