HMS Networks: Year-end report 2017, January - December
February 16 2018 - 2:00AM
Yearly
-
Net sales for the full year 2017 increased with
24 % reaching SEK 1,183 m (952), corresponding to a 23 % increase
in local currencies. The devaluation of the Swedish currency had a
positive effect of SEK 16 m on net sales.
-
Operating profit reached SEK 212 m (149), equal
to a 18 % (16) operating margin.
-
Order intake increased with 25 % to SEK 1,204 m
(966).
-
Cash flow from operating activities amounted to
SEK 207 m (155).
-
Profit after taxes totaled SEK 143 m (100) and
result per share amounted to SEK 3.06 (2.16)
-
The Board of Directors propose a dividend to the
amount of SEK 1.50 (1.00) per share.
Fourth quarter
-
Net sales reached SEK 301 m (265), corresponding
to a 15 % increase in local currencies.
-
Operating profit reached SEK 31 m (40)
corresponding to an operating margin of 10 % (15).
-
Order intake was SEK 288 m (267).
Comment from the
CEO
The growth we saw during 2017 continues, but with somewhat reduced
strength in the fourth quarter.
We still see very good development in Asia, stable
development in Europe, but the quarter has been somewhat deplorable
in the United States. However, we see that the trend in the early
2018 turns around and, among other things, decisions on tax cuts
allow US customers to take action on planned projects and place new
orders. After the end of the year we have received a major
breakthrough order from a leading Japanese customer within our
IXXAT-Safety area, so overall we still see good progress ahead.
The quarter has been intensive with many sales and
marketing activities, and HMS has participated in several fairs,
resulting in the best inflow of leads ever in a quarter. Increased
sales and marketing resources have increased our costs during the
quarter. In addition, we have revalued the expected outcome in
ongoing shareholder programs, which resulted in increased costs of
approximately SEK 5 m in the fourth quarter.
Productwise all of our trademarks Anybus, eWON,
IXXAT and the Intesis subsidiary show a good growth in 2017. For
those of our products sold according to our Design-Win business
model, we can see continued strong growth in new business in 2017.
In total, we received 217 (203) new Design-Wins during the year
which causes the total number of active Design-Wins to amount to
1,591 (1,508), an increase of 6% compared to the previous year. Of
these are 1,192 (1,137) in production, while 398 (371) are expected
to come into production in the coming years. The fact that we have
received a lot of new Design-Wins is proof of HMS's attractive
product offering and provides us with good conditions for future
growth.
It is gratifying that the companies acquired in
2016, eWON and Intesis, developed strongly in 2017.
In conjunction with international fairs in the
fourth quarter, HMS launched eWON Flexy 205, an industrial gateway
addressing the growing interest in remote monitoring and Industrial
Internet of Things (IIoT). By linking a Flexy 205 to its machine,
machine builders, system integrators and automation engineers can
access and monitor the machine without being in place and make
correct operating decisions depending on the machine's current
status. Thanks to Flexy 205, important machine data can be
collected, logged, visualized and analyzed in a flexible way, which
is central to new IIoT-applications.
As a result of increased volumes, we have
initiated an expansion of the production facility in Halmstad
during the fourth quarter and this work will continue in 2018.
We are ready to continue to grow further with our
ambitious growth targets in the coming year - long-term annual
growth of 20% per annum and an operating margin of more than 20%.
Our focus is to drive continued growth in all our business areas.
We continue to focus on our long-term growth goals based on a
balanced view of our 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 February 16, 2018
Staffan Dahlström
Chief Executive Officer
Further information can be obtained from: CEO
Staffan Dahlström, telephone +46 (0) 35-17 29 01 or CFO Joakim
Nideborn, telephone +46 (0) 707-72 29 83.
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 08.00 CET on February 16, 2018.
HMS Networks AB (publ) is the
leading independent supplier of products for industrial
communication and remote management. Reported sales reached SEK
1,183 m in 2017 with more than 94 per cent outside Sweden.
Development and manufacturing take place at the headquarter in
Halmstad and in Ravensburg, Nivelles and Igualada. Local sales and
support are handled by branch offices in Japan, China, Germany,
USA, Italy, France, Belgium, Singapore, Spain, India, UK, Finland
and Denmark. HMS employs more than 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 solutions and control under
the eWON® brand. HMS is listed on the NASDAQ OMX in Stockholm,
category Mid Cap, Information Technology.
Q4 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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