First six months
* Net sales for the first six months increased with 4 % reaching SEK 195 m
(188), corresponding to a 1 % increase in local currencies
* Operating profit reached SEK 34 m (38), equal to a 18 % (20) operating
margin
* Order intake for the first half year increased with 16 % to SEK 229 m (197)
corresponding to a 14 % increase in local currencies
* Cash flow from operating activities amounted to SEK 38 m (22)
* Profit after taxes totaled SEK 26 m (27) and result per share amounted
to SEK 2.29 (2.46)
* Net sales for the last twelve months amounted to SEK 391 m (367)
corresponding to a 6 % increase in local currencies. Operating result
amounted to SEK 69 m (81) corresponding to a 18 % (22) operating margin
Second quarter
* Net sales for the second quarter reached SEK 99 m (96) corresponding to a 2
% increase and operating result reached SEK 20 m (20)
* Order intake during the second quarter was SEK 113 m (100)
Comments from the CEO
Net sales for the first six months represent record levels for HMS. Still we
realize that the recent quarters shows the sales growth levelling out. The
German market is still stable and the American market shows a positive
development. For the Japanese market progress is more irregular. The market
situation is reserved and uncertain. This can primarily be noticed as a weak
development among existing customers. We still see good progress with new
customers and the order intake during the period indicates future growth. Net
sales for the last twelve months are also on a record level with SEK 390 m in
revenues. As a result of a more conscious cost control during the recent six
month period we can also present a 18% operating margin.
Due to the uncertain market conditions we still do not see the full effects of
the expansion in resources made during the recent years. HMS continues to
develop new product platforms in the area of Safety communication and a new
generation communication solutions based on our new developed Embedded
technology. We also invest increasing resources in the Remote Management
segment, an area where we are hopeful to see a market break-through in several
application areas ahead. Our customer base in the area of Embedded solutions
continues to grow as expected with new design-wins, which ensure future sales
growth in this area.
Recruiting of new employees, primarily development engineers, continue. We
expect the increase in employees to support future profitable growth.
Halmstad July 12, 2012
Staffan Dahlström Urban Jansson
CEO Chairman of the Board
Nicolas Hassbjer Göran Sigfridsson
Henrik Johansson Ray Mauritsson
Gunilla Wikman Charlotte Brogren
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. See also:
http://investors.hms.se
HMS Networks (publ) is a world-leading supplier of communication technology for
industrial automation. Sales for 2011 totaled SEK 384 million. 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, Mulhouse,
Pune, Coventry and Copenhagen. HMS has 240 employees and produces network
interface cards and Gateways to interconnect different networks under the
trademark Anybus® and products for remote management under the trademark
Netbiter®. HMS is listed on the Nasdaq OMX Stocholm Small Cap list, in the
Information Technology sector.
[HUG#1626107]
