Freitag, 22.10.2021 14:00 von GlobeNewswire | Aufrufe: 551

Interim report 2021, January - September

Eine Tageszeitung (Symbolbild). pixabay.com

Third quarter

  • Net sales for the third quarter reached SEK 472 m (345), corresponding to an increase of 37%. Currency translations had a negative effect of SEK 7 m on net sales

  • Order intake was SEK 669 m (336), corresponding to an increase of 99%
  • Operating profit reached SEK 101 m (77), equal to a 21.5% (22.3) operating margin
  • Profit after taxes totalled SEK 84 m (61) and earnings per share was SEK 1.81 (1.33)
  • Cash flow from operating activities amounted to SEK 148 m (116)
  • HMS acquired 60% of the shares in Owasys Advanced Wireless Devices S.L.

First nine months

  • Net sales for the first nine months reached SEK 1,401 m (1,061), corresponding to a 32% increase. Currency translations had a negative effect of SEK 69 m on net sales

  • Order intake was SEK 1,839 m (1,039), corresponding to an increase of 77%
  • Operating profit was SEK 336 m (213), equal to a 24.0% (20.0) operating margin
  • Profit after taxes totalled SEK 276 m (163) and earnings per share was SEK 5.75 (3.58)
  • Cash flow from operating activities amounted to SEK 405 m (286)
     

Comment from the CEO

The trend continues - order intake at new record levels
We continue to see a strong demand in our markets driven by increasing investments in automation, digitalization, energy efficiency and remote monitoring of industrial machinery. Order intake reaches a new record level and amounts to SEK 669 million, corresponding to a growth of 99% compared to the previous year, 80% of this growth is organic. For the first nine months, the corresponding figures are 77% and 66% respectively. As in previous quarters during the year, order intake is boosted by the fact that customers place orders for delivery longer time ahead than usual. This is due to longer lead times related to component shortage. We estimate this temporary positive effect in the order intake to amount to approximately SEK 140 million during the quarter.

Kurse

  
52,30
+0,97%
HMS NETWORKS AB Chart

Our sustainability work continues towards our goals for 2025 both when it comes to the environment, our employees, customers and responsible business. As part of the sustainability work, we have also signed the UN Global Compact initiative, which feels like a natural commitment for HMS.

Positive outlook but delivery challenges during the fourth quarter
Demand is expected to continue at a high level and most of our customers have strong underlying business. This is expected to continue in the coming quarters. The Group’s sales is now highly affected by the availability of components, and we estimate that our delivery capacity will remain at current levels for the remainder of the year and then gradually improve during next year. The situation on the component market is still uncertain and temporary setbacks cannot be ruled out. We have good relations with our customers, who understand the situation that has affected the entire industry and we see the risk of lost business as low.

We continue to work with a focus on long-term growth based on a balanced view of our costs. In the long term, we continue to believe that the market for Industrial ICT (Information & Communication Technology) will be an interesting area, both in terms of organic growth and acquisitions.
 
Halmstad October 22, 2021
 
Staffan Dahlström         
Chief Executive Officer         
 
Further information can be obtained from:
Staffan Dahlström, CEO, +46 (0) 35 17 2901
Joakim Nideborn, CFO, +46 (0) 35 710 6983
 
This information is such that HMS Networks AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the contact persons set out above, at 14.00 CET on October 22, 2021.
 
HMS Networks AB (publ) is a market-leading provider of solutions in industrial information and communication technology (Industrial ICT). HMS develops and manufactures products under the Anybus®, Ixxat®, Ewon® and Intesis® brands. Development takes place at the headquarter in Halmstad and also in Ravensburg, Nivelles, Igualada, Wetzlar, Buchen, Delft and Bilbao. Local sales and support are handled by branch offices in Germany, USA, Japan, China, Singapore, Italy, France, Spain, the Netherlands, India, UK, Sweden, South Korea and UAE, as well as through a worldwide network of distributors and partners. HMS employs over 700 people and reported sales of SEK 1,467 million in 2020. HMS is listed on the NASDAQ OMX in Stockholm, category Mid Cap, Information Technology.


 

 

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