HMS Networks: Year-end report 2016, January - December
16 Februar 2017 - 7:50AM
Yearly
-
Net sales for the full year increased with 36 %
reaching SEK 952 m (702), corresponding to a 34 % increase in local
currencies
-
Operating profit reached SEK 149 m (102), equal
to a 16 % (14) operating margin
-
Order intake for the year increased to 966 m
(682) corresponding to a 42 % increase in local currencies
-
Cash flow from ongoing operations reached SEK
155 m (90)
-
Net result after tax amounted to SEK 100 m (60)
and result per share amounted to SEK 8.59 (5.33)
-
The Board of Directors propose a dividend to the
amount of SEK 4.00 (2.50)
Fourth quarter
-
Net sales for the fourth quarter reached SEK 265
m (175) corresponding to a 42 % increase
-
Operating result reached SEK 40 m (14)
corresponding to an 15 % (8) operating margin
-
Order intake during the fourth quarter was SEK
267 m (157)
Comment from the CEO
The strong development reported for the third
quarter has continued. We close the year with a new record quarter
ending the year with SEK 952 m in net sales corresponding to a 36 %
growth compared to last year. During the fourth quarter we had a
good 12 % organic growth, positive contributions from the
acquisitions made, a tail wind from a weakening Swedish currency
and despite numerous market activities we have managed to increase
our operating result with 174 % compared to the same period the
previous year.
Geographically Central Europe with Germany at the
forefront showed a continuing stable growth rate and the American
market is beginning to show good growth again. The growth on the
Japanese market weakened during the latter part of the year and the
Nordic market did not manage to grow further compared to the strong
development during the previous year.
The name of the acquired Belgium company eWON SA
was changed into HMS Industrial Networks SA and the name eWON is
now the brand name of our products in the area of Remote Solutions.
The HMS product group Netbiter is now included as a product group
under the eWON brand name. Together these products will represent a
very competitive product offer and strengthen our position as the
leading supplier of solutions for remote control and remote
management for industrial applications.
The product areas Anybus, eWON and IXXAT are
growing in line with or above expectations.
The acquired company Intesis offering
communication solutions in the area of building automation
developed according to the plan established for the year.
Our products sold under the "design win" business
model shows a continuing good growth in number of new design wins
during 2016. In total we achieved 203 (195) new design wins during
the year ending up with total number of active design wins to 1 508
(1 381) corresponding to a 9 % increase compared to the previous
year. Of these design wins 1 137 (1 023) are in production and 371
(358) are expected to go into production during the following
years. The fact that we have a new record in number of design wins
proves that the HMS product offer is attractive and confirms the
good conditions for future growth.
Our strategic work in the area of Industrial
Internet of Things (IIoT) develops well. The launch of new and
upgraded products follows our plan. We are also recognizing an
increasing interest from partners and customers for efficient data
collection and data transfer within IIoT applications. Also in 2016
our strategic investment in IIoT resulted in increasing investments
in the areas of sales, marketing and development.
Our focus remains to grow our three product brands
Anybus, IXXAT and eWON. We will also develop the operations in the
recently acquired Intesis. Still in the short term this company
will not be fully integrated in the HMS operations. We continue
balance our long-term growth strategy with a restrictive approach
to expenses and new resources. In the long term, we consider the
market for industrial data communication and remote monitoring to
be interesting growth areas and we continue to focus on our motto
"Connecting devices".
Halmstad February 15, 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 the Swedish
Securities Market Act. The information was submitted for
publication at 07.50 CET on February 16, 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, France, Belgium,
Germany, Spain, India, Italy, Japan, UK, and USA. HMS employs over
480 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.
Q4 Report 2016
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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