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HMS Networks: Interim report January - March 2015

Last twelve months

* Net sales for the last twelve months amounted to 620 MSEK (533) - a 9 %
increase in local currencies
* Operating profit for the last twelve months was 108 MSEK (94) - a 17 % (18)
operating margin
* Order intake for the twelve-month period was 637 MSEK (544)
* Cash flow from operating activities for the twelve-month period amounted to
92 MSEK (83)
* Profit after tax for the last twelve months amounted to 71 MSEK (68) and
earnings per share was 6.26 SEK (5.99)

First quarter

* Net sales for the first quarter increased by 22 % to 170 MSEK (139)
corresponding to a 10 % increase in local currencies
* Operating profit was 32 MSEK (22) corresponding to a 19 % (16) operating
* Order intake for the first quarter was 174 MSEK (148)

Comments from the CEO

The positive development during the latter part of 2014 continued into the
first quarter of 2015. We can see a slightly improved situation in the global
economy together with a large interest in our technology related to the trend
"Industrial Internet of Things" (IIoT). The weakened Swedish currency
especially in relation to the U.S. dollar has a positive effect but even
adjusted for currency effects, we can report a double digit percentual sales
growth. We are happy to report net sales of 170 MSEK and an order intake of
174 MSEK - both record levels for HMS.

Despite a decrease in activated development expenses and an increased impact
from amortization on intangible assets, a solid gross margin together with a
conservative cost increase gives us a 48 % improvement to 32 MSEK on the EBIT
level for the first quarter.

The German and the Japanese markets continue to show solid progress. For the
U.S.A. we see a more mixed picture. We have a tailwind from a strong U.S.
currency but adjusted for this, we have experienced some delays related to
orders. Our increased focus on the Nordic market during the recent years is
paying off and the growth on the Scandinavian market was very strong during
the first quarter.

Our investments in the area of wireless communication, which was initiated
through an acquisition of a product line of wireless industrial gateways last
year, also show very good development.
For our growth area Netbiter, we can see a 50 % sales increase during the
first quarter. Still, we expect that this part of our business has the
potential to perform even better going forward.

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

Halmstad 2015-04-23

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 370 people and reported sales of 63 million EUR in
2014. HMS is listed on the NASDAQ OMX in Stockholm.

Q1 Report 2015


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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