Continued profitable growth
* Net sales for the first nine months 2008 increased to SEK 237.3 m
(203.3), equal to a 18 % increase in comparable currencies.
* Cash flow from operating activities improved by 114 % to SEK 48.6
m (22.7)
* The operating profit during the first nine months of the year
improved by 27% to
SEK 58.1 m (45.8)
* The profit after tax climbed by 56 % to SEK 38.6 m (24.7) and
earnings per share improved by 52 % to SEK 3.50 (2.31)
* Net sales for the third quarter increased to SEK 80.3 m (67.8).
In comparable currencies this is equivalent to a 22 % increase.
Operating profit improved with 26% reaching SEK 21,4 m (16,9)"As of September 2008 HMS reached SEK 300 m in annual net sales
volume. With the economies of scale from the present sales volume and
our cost control we can report a further improved operating margin
for the third quarter," says Nicolas Hassbjer, CEO of HMS.
Halmstad on November 5th, 2008
Nicolas Hassbjer
CEO
Further information can be obtained from:
CEO Nicolas Hassbjer +46 35 17 29 02
CFO Gunnar Högberg +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 270 m in 2007. Over 90%
of these sales were to customers located outside Sweden. All
development and the major portion of manufacturing is carried out 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.
During the year HMS was awarded to Sweden's best export company. HMS
is listed on NASDAQ-OMX Nordic Exchange in Stockholm in the Small
Cap, Information Technology sector.
