HMS | Hardware |Industrial networking CONVICTION BUY – TP SEK500 At the forefront of the IT & OT convergence
• A LEADING NETWORKING EQUIPMENT PLAYER AT THE FOREFRONT OF THE IT/OT CONVERGENCE• STRONG INDUSTRIAL NETWORKING POSITIONING AND MARKET FUNDAMENTALS AT THE ROOT OF THE GROUP’S STEADY GROWTH
• ORGANIC PERFORMANCE SET TO SURPRISE ON THE UPSIDE IN COMING QUARTERS
• ACCRETIVE M&A SCENARIO COULD ADD +1PT TO EBIT MARGIN AND +1PT
• BUY RATING, TP SEK500 AS WE INTEGRATE 25% M&A OPTIONALITY IN OUR SCENARIO
HMS Networks AB (HMS) is a Sweden-based company engaged in the provision of communication technology for industrial automation. The Company provides solutions to connect industrial devices to networks and products enabling interconnection between different industrial networks. The Company's products are classified into two brands, namely Anybus and Netbiter. HMS, under the brand name Anybus, manufactures and markets intelligent communication technology for machines and electrically controlled equipment. Under the brand name Netbiter it develops and sells communication equipment that facilitates remote management through the Internet, either via the fixed telephony network or the mobile telephony network. The Company operates through numerous subsidiaries, including HMS Industrial Networks AB, IXXAT GmbH, a supplier of communication technology for industrial automation, machine manufacturing and the automotive industry, as well as eWON SA.
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