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HMS Networks: Interim report January - March 2014

Last twelve months

* Net sales for the last twelve months totaled to SEK 533 m (393),
corresponding to a 37 % increase in local currencies
* Operating profit for the last twelve months was SEK 94 m (63), equal to a
18 % (16) operating margin
* Order intake for the twelve month period was SEK 564 m (427)
* Cash flow from operating activities for the twelve month period amounted to
SEK 83 m (90)
* Profit after tax for last twelve months amounted to SEK 68 m (51) and
earnings per share was SEK 5.99 (4.52)

First quarter

* Net sales for the first quarter totaled to SEK 139 m (107) corresponding to
a 27 % increase in local currencies
* Operating profit was SEK 22 m (14)
* Order intake for the first quarter was SEK 167 m (119)

Comments from the CEO

After the first quarter of 2014 we can see positive signs in a number of
areas: Stronger underlying demand on our most important markets, good
performance from the acquisition of the IXXAT operations and increasing
volumes from recent design-wins. With this we can report an organic growth
around our targeted 20% and an acquired growth, as IXXAT was included in the
consolidated accounts as of February 1st, 2013, all together this result in a
30% growth compared to the same period the previous year. Order intake
reached record levels at 167 MSEK during the first quarter.

We continue the investment in product development from previous years but
since the core technology development at present are close to completion we
change the direction to broadening the product offer based on the new
technology platforms now in place.

The quarter was characterized by several major product releases. We have
launched the five most important protocols within the new CBM family (Anybus
Embedded) and we have already received some important design-wins. Our
investment in Remote Management (Netbiter) continues and we see good
opportunities for the new technology platform and the new functionality to
increase sales in this product group. We are also starting to deliver the new
Remote Access application for the Netbiter products, something we think will
increase the market potential within the HMS main market - Factory

In the short term our customers are cautiously optimistic and we consider the
conditions for a continuing long term growth as positive. During this year
our goal is to increase the effect from the opportunities we see in the
acquired operation as well as from the investments in expanded resources
during the recent years.

Our focus is to drive growth within our three main product brands Anybus,
Netbiter and IXXAT. We continue our effort to balance our long term growth
strategy with a conscious view on expenses and new resources. In the long
term we consider the market for industrial data communication and remote
management to be interesting growth areas and we continue to focus around our
motto - Connecting Devices.

Halmstad April 24, 2014

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. See

HMS Industrial Networks is the leading independent supplier of products for
industrial communication including remote management. HMS develops and
manufactures solutions for connecting automation devices and systems to
industrial networks under the Netbiter, Anybus and IXXAT brands. Development
and manufacturing take place at the headquarters in Halmstad, Sweden and in
Weingarten, Germany. Local sales and support are handled by branch offices in
China, Denmark, France, Germany, India, Italy, Japan, UK, and USA. HMS
employs over 350 people and reported sales of 58 million EUR in 2012. HMS is
listed on the NASDAQ OMX in Stockholm.

Q1 Report 2014


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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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