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HMS Networks AB (STO:HMS) 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.
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