HMS Networks AB

HMS

Equity

ISIN SE0009997018 / Valor 36954778

NASDAQ Nordic Exchange Stockholm, Equities (2024-11-20)

SEK 371.40+0.54%

HMS Networks AB
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About company

HMS Networks AB, founded in 1988 in Sweden, initially focused on developing technology for measuring paper thickness before expanding into industrial communication products for new fieldbus technologies. In 2016, HMS acquired Belgian eWON, becoming a leader in Industrial Internet of Things, and Spanish Intesis, venturing into Building Automation and facility management communication. The company has continued to grow through acquisitions, such as German IXXAT Automation GmbH in 2013, expanding into Machine Communication, Safety, and Automotive. With subsidiaries in the USA, Japan, and Germany, HMS has made significant investments in R&D and international sales & marketing, solidifying its position in the market.

Summarized from source with an LLMView SourceSector: Technology

Order Intake Q2 2024

HMS Networks AB reported an order intake of SEK 769 million for the second quarter of 2024, reflecting a 9% increase compared to the same period last year. This growth includes a 36% contribution from acquired growth, while organic growth saw a decline of 22%. Currency translations had a negative impact of 5% on net sales.

Net Sales Q2 2024

For the second quarter of 2024, HMS Networks AB achieved net sales of SEK 845 million, marking a 20% increase from the previous year's SEK 703 million. The growth was driven by a 40% increase from acquisitions, although organic sales decreased by 20%. Currency translations did not have a material effect on net sales.

Adjusted EBIT Q2 2024

HMS Networks AB's adjusted EBIT for the second quarter of 2024 reached SEK 172 million, up from SEK 154 million in the same period last year. This corresponds to an adjusted operating margin of 20.4%, slightly down from 21.9% in the previous year.

Profit After Tax Q2 2024

The company's profit after tax for the second quarter of 2024 totaled SEK 34 million, a significant decrease from SEK 116 million in the same quarter of the previous year. Basic earnings per share also dropped to SEK 0.70 from SEK 2.48.

Cash Flow Q2 2024

HMS Networks AB reported a cash flow from operating activities of SEK 152 million for the second quarter of 2024, a notable increase from SEK 78 million in the same period last year. This improvement highlights the company's strong operational cash generation capabilities.

Summarized from source with an LLMView Source

Key figures

-14.4%1Y

-32.5%3Y

152%5Y

Performance

38.8%1Y

44.6%3Y

43.9%5Y

Volatility