First six months 2009
* Net sales for the first six months 2009 amounted to SEK 115.6 m
(155.7), equal to a 26% decrease
* Order intake during the first half year decreased with 28% to SEK
117.2 m (163.3)
* Operating profit reached SEK 2.0 m (36.6), representing a 1.7 %
(23.3) operating margin. For the last four quarters the operating
margin amounted to 18.2 %
* Operating result for the period was affected by a SEK 1.0 m cost
for restructuring
* Negative SEK - 10.0 m impact from currency hedging contracts
realized in the first six months
* Profit after taxes totalled SEK 0.1 m (23.3), and result per
share amounted to
- 0.01 Kr (2.15)
- The market continued to weaken during the first six months of 2009,
which affects HMS sales volumes. Adjustments to inventory levels made
by our customers were larger and longer than we could previously
foresee, at the same time as currency hedging contracts affected our
result negatively. We continue to see an inflow of new customers i.e.
Design Wins which supports us in our opinion that we in the long term
will reach our financial targets, says Staffan Dahlström, CEO of HMS.
Halmstad, July 14, 2009
Urban Jansson Nicolas Hassbjer Göran Sigfridsson
Chairman of the Vice Chairman of the
Board Board
Henrik Johansson Ray Mauritsson Staffan Dahlström
CEO
Further information can be obtained from the CEO Staffan Dahlström on
telephone +46-35-17 29 01 or the CFO Gunnar Högberg on telephone
+46-35-17 29 95.
See also http://investors.hms.se
HMS Networks is a world-leading supplier of communication technology
for industrial automation. Sales totalled SEK 317 million in 2008.
Over 90% of these sales were to customers located outside Sweden. All
development and the major portion of manufacturing are performed at
the head office in Halmstad. Sales offices are located in Tokyo,
Beijing, Karlsruhe, Chicago, Milan and Mulhouse. HMS has 155
employees and produces network interface cards and products to
interconnect different networks under the trademark Anybus®. The
network interface cards are embedded in automation equipment such as
robots, control systems, motors and sensors. This allows
subcomponents in machines to communicate with one another and with
different networks in order to build more efficient and flexible
manufacturing systems.
In 2008 HMS was awarded to Sweden's best export company by H.M. the
King of Sweden. HMS is listed on NASDAQ-OMX Nordic Exchange in
Stockholm in the category Small Cap, Information Technology.
