HMS Q2 Report 2012

First six months

Net sales for the first six months increased with 4 % reaching SEK 195 m (188), corresponding to a 1 % increase in local currencies

Operating profit reached SEK 34 m (38), equal to a 18 % (20) operating margin

Order intake for the first half year increased with 16 % to SEK 229 m (197) corresponding to a 14 % increase in local currencies

Cash flow from operating activities amounted to SEK 38 m (22)

Profit after taxes totaled SEK 26 m (27) and result per share amounted to SEK 2.29 (2.46)

Net sales for the last twelve months amounted to SEK 391 m (367) corresponding to a 6 % increase in local currencies. Operating result amounted to SEK 69 m (81) corresponding to a 18 % (22) operating margin

Second quarter

Net sales for the second quarter reached SEK 99 m (96) corresponding to a 2 % increase and operating result reached SEK 20 m (20)

Order intake during the second quarter was SEK 113 m (100)

Comments from the CEO
"Net sales for the first six months represent record levels for HMS. Still we realize that the recent quarters shows the sales growth levelling out. The German market is still stable and the American market shows a positive development. For the Japanese market progress is more irregular. The market situation is reserved and uncertain. This can primarily be noticed as a weak development among existing customers. We still see good progress with new customers and the order intake during the period indicates future growth. Net sales for the last twelve months are also on a record level with SEK 390 m in revenues. As a result of a more conscious cost control during the recent six month period we can also present a 18% operating margin."