HMS Networks
Interim report 2017, January - June
First six months
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Net sales for the first six months increased with 33 % reaching SEK 577 m (433), corresponding to a 29 % increase in local currencies
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Operating profit for the first six months reached SEK 117 m (55), equal to a 20 % (13) operating margin
Second quarter
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Net sales for the second quarter increased with 29 % reaching SEK 299 m (232), corresponding to a 23 % increase in local currencies
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Operating result reached SEK 59 m (35) corresponding to an operating margin of 20 % (15)
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Order intake during the second quarter was SEK 328 m (247)
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During the second quarter was a split of shares 4:1 performed, the total number of shares are 46 818 868 after the split
Comment from the CEO
The strong development continues during the second quarter, with new record levels of revenue, profit and order intake. The growth of 29% is to a large extent driven by our organic growth, adjusted
for acquisition and currency effect, 15% compared with the second quarter 2016.
We continue to increase costs in line with our expansion plan. Despite the increased cost levels, we are meeting our profitability target of 20 % operating margin in the quarter. This is driven by the increased sales and stable gross margins.
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Growth was good in all geographic markets with stable development in Japan and Germany. In North America, the positive trend we reported in the last quarter continued with optimistic signals from our customers and an increased investment willingness in the industry. The growth is driven by a positive development of our brands, Anybus, IXXAT and eWON. Spanish Intesis, acquired in July 2016, shows an outstanding development and we are now establishing Intesis staff in the United States to expand the Intesis business in the American market.