HMS Networks: Interim report 2017, January - September
27 Octubre 2017 - 12:50AM
First nine months
-
Net sales for the first nine months increased
with 28 % reaching SEK 882 m (687), corresponding to a 25 %
increase in local currencies
-
Operating profit for the first nine months
reached SEK 181 m (110), equal to a 21 % (16) operating
margin
-
Order intake for the first nine months increased
with 31 % to SEK 916 m (698)
-
Cash flow from operating activities amounted to
SEK 171 m (119)
-
Profit after taxes totaled SEK 123 m (75) and
result per share amounted to SEK 2.62 (1.62)
-
Net sales for the last twelve months amounted to
SEK 1 147 m (862) corresponding to a 29 % increase in local
currencies
-
Operating profit for the last twelve months
amounted to SEK 221 m (124) corresponding to a 19 % (14) operating
margin
Third quarter
-
Net sales for the third quarter increased with
20 % reaching SEK 305 m (254), corresponding to a 20 % increase in
local currencies
-
Operating profit reached SEK 65 m (55)
corresponding to an operating margin of 21 % (21)
-
Order intake during the third quarter was SEK
289 m (252)
Comment from the CEO
We see a continued good development of our
business and can conclude another quarter of record sales, SEK 305
m. This gives us seven consecutive quarters of increased sales.
The 20 % growth during the third quarter is
entirely organic and without tailwind from currency effects. We see
a strong demand for our products in our major markets as there is
currently a high investment rate within industrial automation.
On the cost side, we have seasonally lower costs
in the third quarter. This, together with a good turnover and a
stable gross margin, result in a new record level profit, SEK 65 m,
equivalent to an EBIT margin of 21 %.
Our cash-flow remains strong and amounted to SEK
62 m during the quarter, which further strengthens our financial
position.
During the year, we have strengthened our
organization in order to create an efficient platform for future
growth. The new organization has clear responsibilities for our
product lines and a market organization with global coverage.
We already see positive effects of this in the
form of new innovative products and high activity within our market
organization. For example, during the quarter, we launched our new
eWON Netbiter LC - a remote gateway which enables valuable
operational data from industrial machines to be communicated
directly to ThingWorx - a leading cloud solution from the American
company PTC. This opens up new opportunities to optimize and
develop maintenance and service of production equipment - a good
example of how HMS adds value by connecting industrial hardware and
IT software, or as we say, Hardware Meets Software - HMS.
Another example is that we have now implemented a
generation shift to the new CAN FD technology for most of our IXXAT
products. This allows our customers in transportation, automotive
and machinery to combine their established CAN technology with the
new CAN FD standard which is expected to get a big impact during
the coming years.
We are ready to continue to grow further in
accordance to our ambitious growth targets - a long-term annual
growth of 20 % per year and an operating margin above 20 %.
Our focus is to continue drive growth in our
current areas of business. We continue to balance our long-term
growth strategy with a restrained view of costs. In the long run,
we estimate that the market for industrial data communications will
constitute an interesting growth area and we continue to focus on
our motto "HMS Connecting Devices".
Halmstad October 26, 2017
Staffan Dahlström
Chief Executive Officer
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. www.hms-networks-com/ir
This information is such that HMS
Networks AB (publ) is required to disclose in accordance with the
Swedish Financial Instruments Trading Act and/or the Swedish
Securities Market Act. The information was submitted for
publication at 07.50 CET on October 27, 2017.
HMS Networks AB (publ) is the
leading independent supplier of products for industrial
communication and remote management. Reported sales reached SEK 952
m in 2016. Development and manufacturing take place at the
headquarter in Halmstad, Sweden, in Nivelles Belgium, in Igualada,
Spain and in Weingarten, Germany. Local sales and support are
handled by branch offices in China, Denmark, Finland, France,
Belgium, Germany, Spain, India, Italy, Japan, UK, and USA. HMS
employs over 500 people and develops and manufactures solutions for
connecting automation devices and systems to industrial networks
under the Anybus®, IXXAT® and Intesis® brand and products for
remote management and control under the eWON® brand. HMS is listed
on the NASDAQ OMX in Stockholm, category Mid Cap, Information
Technology.
Q3 Report 2017
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: HMS Networks AB via Globenewswire
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