As of January 3, 2022, HMS Networks AB is moved to the Nasdaq Large Cap list. The change is based on the fact that the company's average market capitalization in November 2021 exceeded the Large Cap list's threshold of 50% above EUR 1 billion.
HMS develops and markets products and solutions within Industrial ICT (Industrial Information and Communication Technology) that enable industrial equipment to communicate and share information with software and systems.
HMS was listed on OMX Stockholm in 2007 and since then, the turnover has increased by approximately 15% per year. Since 2007, the share value has increased by 2,700%.
"From the start on the Small Cap list in 2007, we have been able to grow our size, our offering and our customer base to new levels. Being promoted to Nasdaq's Large Cap list is an important milestone in our journey towards creating sustainable growth, profitability and loyal customers," says Staffan Dahlström, CEO of HMS Networks.