HMS HMS Networks AB

Invitation to HMS Networks’ fourth quarter 2022 conference call

Invitation to HMS Networks’ fourth quarter 2022 conference call

HMS Networks AB (publ) will release its fourth quarter 2022 report on Thursday January 26, 2023, at 07.30 CET.

On the same day, at 09.00 CET, a conference call will be held for press and analysts, where President and CEO Staffan Dahlström and CFO Joakim Nideborn present the report.

The presentation will be held in English and is followed live by telephone or the internet. Slides used in the presentation will be made available on HMS’ website prior to the telephone conference.

If you wish to participate via webcast, please use the link below.

If you wish to participate via teleconference, please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.



The presentation and recording of the telephone conference will be available on HMS’ website after the call.

For more information, please contact:

Staffan Dahlström, CEO HMS, +46 (0)35 17 29 01

Joakim Nideborn, CFO HMS, +46 (0)35 710 6983

HMS Networks AB (publ) is a market-leading provider of solutions in industrial information and communication technology (Industrial ICT). HMS develops and manufactures products under the Anybus®, Ixxat®, Ewon® and Intesis® brands. Development takes place at the headquarter in Halmstad and also in Ravensburg, Nivelles, Bilbao, Igualada, Wetzlar, Buchen and Delft. Local sales and support are handled by branch offices in Germany, USA, Japan, China, Singapore, Italy, France, Spain, the Netherlands, India, Australia, UK, Sweden, South Korea and UAE, as well as through a worldwide network of distributors and partners. HMS employs about 750 people and reported sales of SEK 1,972 million in 2021. HMS is listed on the NASDAQ OMX in Stockholm, category Large Cap, Information Technology.

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17/01/2023

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Joachim Gunell
  • Joachim Gunell

HMS Networks (Buy, TP: SEK540.00) - Red(y) to roar

We have upgraded HMS Networks to BUY (SELL) and raised our target price to SEK540 (450) as: 1) we have increased our 2024–2025e adj. EPS by 5–15% and like Red Lion’s strategic fit; 2) we see investor focus shifting to improving QOQ orders; 3) restructuring programmes have historically marked an end-market trough; 4) 2025e multiples are digestible, and we see a good entry point; and 5) we expect the stock to close the gap to the PHLX semiconductor index.

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