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HMS Networks AB Continued good growth with improved profitability
* Net sales rose to SEK 79.7 m (67.6) in the second quarter, which is equivalent to a growth of 17.9 %
* Net sales for the half year period increased to SEK 157.0 m (135.5). Over the last 12-month period, net sales rose by 15.2 % to SEK 290.9 m
* Orders received went up by 22.5% to SEK 164.7 m (134.5) for the first half year
* Operating cash flow improved by 122.6 % to SEK 27.6 m (12.4)
* The operating profit improved by 35.9% to SEK 36.6 m (28.9)
* The profit after tax climbed by 38.5 % to SEK 22.3 m (16.1) and earnings per share improved by 39,6 % to SEK 2.15 (1.54)
"The positive start of 2008 has continued during the second quarter. With a continued good order intake and a positive sales development we can report a 38.5 % net profit improvement for the first six months", says Nicolas Hassbjer, CEO of HMS.
Halmstad 30 July 2008
Urban Jansson Ray Mauritsson Göran Sigfridsson
Sebastian Ehrnrooth Staffan Dahlström 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 the OMX Nordic Exchange in Stockholm in the Small Cap, Information Technology sector.
