HMS Networks: Year-End Report 2013 January - December 2013

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Feb 7, 2014 at 2:00 AM

HMS Networks: Year-End Report 2013

January - December 2013 * Net sales for the full year 2013 reached SEK 501 m (382), corresponding to a 31 % increase. The revaluation of the Swedish currency had a negative impact of SEK 15 m on net sales * Operating profit reached SEK 87 m (64) - a 36 % increase. Operating margin was 17 % (17) * Order intake for the year increased to SEK 516 m (424), corresponding to a 25 % increase in local currencies * Cash flow from operating activities amounted to SEK 80 m (82) * Profit after taxes totalled SEK 63 m (52) and the result per share amounted to SEK 5.54 (4.64) * The Board of Directors propose a dividend to the amount of SEK 2.25 (2.25) * During the period, the acquired IXXAT Automation GmbH contributed to net sales with SEK 103 m. The acquired operation's net contributed to operating profit with SEK 13 m Fourth quarter * Net sales for the fourth quarter reached SEK 126 m (87) corresponding to a 44 % increase and operating result reached SEK 13 m (6) * Order intake during the fourth quarter was SEK 132 m (100) corresponding to a 32 % increase Comments from the CEO For 2013, we can report a 31 % sales growth in the Group. The positive development can to a major part be explained by the acquisition of IXXAT Automation which we acquired during the first quarter of 2013 and also by an organic growth within the Anybus embedded product line. The increase in volumes during the second half of the year relates partly to newly introduced custom developed products increasing in volumes by the end of the year. For 2013 we can report a SEK 87 m operating profit, the highest in the history of the company but still with an operating margin just below our goal. The improved result is supported by our focus on increasing productivity in our manufacturing process, lowering our purchase prices and a positive contribution from the acquisition. In total, we can present a gross margin improvement from 60.1 % to 62.6 % which is in line with our expectations that increasing volumes and integration through technology development will provide gross margins above 60 %. We can see a mixed picture on the market for HMS products with more stable conditions on the Japanese and the North American markets. The market in Europe is still cautious. Our customers are talking about growth but are still hesitant in their actions. Our product group Netbiter remains an exciting initiative. We are identified as a participant in the new "hot" area of "Industrial Internet of Things" (Industrial IoT) were huge investments are made in future industrial applications. Despite a lot of interest expressed by our customers for our products and solutions, there is still a slow development of sales in the short perspective. As in previous years, we shipped fewer products in the fourth quarter. However, the slowdown was not as significant as the previous year. The fourth quarter is also characterized by high levels of activities in the areas of sales- and marketing activities. During this period HMS was represented on a number of different tradeshows. During 2013, we received 146 (119) new design wins regarding HMS communication solutions. The new technology platforms now released to the market receives a lot of interest and together with a positive "book to bill" for the fourth quarter we feel confident going into a new year. Our focus remains to increase growth through our three product brands Anybus, Netbiter and IXXAT. Our market is still difficult to predict in the short term and consequently we continue to balance our long term growth strategy with a cautious view on expenses. In the long term, we believe that the market for industrial communication and remote management will be a growth area and that our long-lasting company tagline "Connecting Devices" represents an interesting positioning in an expanding market. Halmstad February 7, 2013 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 also: http://investors.hms.se HMS Industrial Networks (publ) 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 57 million EUR in 2013. HMS is listed on the NASDAQ OMX in Stockholm. [HUG#1760005]

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

JumpCloud Tackles Compliance in the AI Era

By Kelly Martin Updated Oct 28, 2026 Category News Views 131

Compliance in a Changing Tech Landscape JumpCloud's stepping up in this brave new world riddled with tech and AI agents. They've got fresh platform features in their arsenal that'll keep organizations audit-ready day in and day out. Now, if you think compliance is just for the accountants to fret over, think again. In the agentic era, these advanced marvels—AI agents...

Study Reveals Stark Disparities in Education Equity

Are We Dropping the Ball on Future Talent? Listen, there’s a harsh truth screaming at us from the NWEA’s latest study, and it’s not pretty. We’re talking about a serious gap here, folks—one that shows lower-income kids are getting the short end of the stick in education yet again. When more than half of U.S. students come from lower-income families but only 20%...

2026 Global Ocean Forum Unveils Key Marine Strategies

Riding the Waves in Qingdao It ain't every day that a talk-fest dedicated to oceans gets my attention, but when the Global Ocean Development Forum plants its flag in Qingdao, even I sit up. We're talking about some real fireworks in the marine economy sector with this gig's '1+1+4+8' framework. Now, before you scratch your head on the bingo numbers—it's the opening...

Quad Sees Marginal Gains Amid Industry Challenges

Treading Water with a Splash of Strategic Moves When you're in the thick of market shifts, sometimes it's not about big leaps but staying afloat with purpose. That's what Quad's recent financial release seems to hint at. A steady net sales figure hovering at $587 million for Q3 2026, barely a nudge compared to last year's numbers, sets the tone. It's not the fireworks...

Federal Signal Acquires GVS, Boosts Vacuum Truck Lineup

Federal Signal's Latest Move in Vacuum Truck Arena A shakeup in the vacuum truck market? You bet. Federal Signal Corporation has made waves yet again by acquiring the lion's share of Global Vacuum Systems (GVS) assets and operations. We're talking a transaction valued at a hefty $29 million. Dishing Out the Dollars and Cents Now, what stirs the pot in this deal is the...

Personalized Senior Living Guidance Finds Home in South Jersey

Shaunique Adams and Her Mission in South Jersey In a world where compassion sometimes feels like it's on short supply, Shaunique Adams is making sure it's at the forefront of her mission. Having experienced the emotional whirlwind of caregiving firsthand, Adams has transformed her personal journey into a mission to serve families navigating similar paths. Through Trua...

Civitas Boosts Orlando Luxury Hotel with $386M Loan

Orlando Sets the Stage for Luxury Expansion Well, it seems Orlando's hospitality scene is about to get a significant bump. Civitas Capital Group just tossed a cool $386 million into the pot for the construction of a 700-key luxury hotel on the infamous International Drive. We're not talking about just another hotel here; this one's a real beast, a future InterContinental...

Nikon Unveils Game-Changing Zoom Lens for Pros

Nikon Raises the Bar with New Pro Zoom Lens Well, Nikon's done it again, folks. They've dropped the NIKKOR Z 120-300mm f/2.8 TC VR S lens, and it looks like they're giving photographers something to drool over. Now, before you start rolling your eyes, this isn't just another shiny gadget. This bad boy is lighter and faster than anything Nikon's thrown at us before, and it...

E. Coli Outbreaks Spark Push for New Petting Zoo Laws

A Long-Standing Question Finally Answered There comes a time when asking the same question repeatedly feels like chasing your own tail. That's where Bill Marler, food safety attorney extraordinaire, found himself after two decades of wondering if petting zoos should face the chopping block. Right on the heels of E. coli investigations across Illinois, California, and...

Savvas Launches Miller & Levine Biology Program Revamp

Education Meets Innovation: Savvas Takes a Bold Step Who would have thought biology education could get a makeover that might actually stick? Savvas Learning Company thinks it's onto something with the launch of the all-new Miller & Levine Experience Biology Program. The spotlight's on innovation—it's about time someone shook up the way high schoolers learn biology. A...