View 
FILTERS (0)
* Not connected to ResearchPool

MORE FILTERS

  
reports
Christoffer Wang Bjørnsen ... (+11)
  • Christoffer Wang Bjørnsen
  • Håkon Astrup
  • Joachim Gunell
  • Jørgen Lian
  • Mattias Holmberg
  • Ola Trovatn
  • Ole-Andreas Krohn
  • Rune Majlund Dahl
  • Simen Aas
  • Stefan Gauffin
  • Tomi Railo
Joachim Gunell
  • Joachim Gunell

HMS Networks (Hold, TP: SEK405.00) - Results justify recent rally

The Q4 results were strong across the board, which has led us to raise our 2023–2024e EPS by 10%. We still believe HMS Networks can 1) overcome investor concerns on order deterioration for 2023e; 2) raise its medium-term financial targets; and 3) add ~27% to our base-case EPS forecast through M&A. Also, in our view, its strong execution at a 36% ROCE and pure automation growth exposure warrant high valuation multiples. As the company will see tougher YOY comparables for H1, while its share price...

 PRESS RELEASE

The Board of HMS Networks AB (publ) has resolved to exercise authoriza...

The Board of HMS Networks AB (publ) has resolved to exercise authorization to repurchase shares Based on the authorization granted by the Annual General Meeting on April 21, 2022, the Board of Directors of HMS Networks AB (publ) ("HMS") has resolved to repurchase own shares in the company on Nasdaq Stockholm. Repurchase of the company’s own shares shall be carried out in a repurchase program with the purpose of securing HMS’ obligations to deliver performance shares according to HMS’ Share Saving Plan 2023-2026. The repurchases may commence on January 26, 2023 and will take place on one or...

 PRESS RELEASE

Styrelsen i HMS Networks AB (publ) har beslutat att utnyttja bemyndiga...

Styrelsen i HMS Networks AB (publ) har beslutat att utnyttja bemyndigande om återköp av aktier Styrelsen i HMS Networks AB (publ) ("HMS") har med stöd av bemyndigandet från årsstämman den 21 april 2022 fattat beslut om förvärv av egna aktier på Nasdaq Stockholm. Förvärv av egna aktier ska genomföras inom ramen för ett återköpsprogram vilket syftar till att säkerställa HMS åtaganden att leverera prestationsaktier enligt HMS Aktiesparprogram 2023-2026. Återköpen får inledas den 26 januari 2023 och kommer att ske vid ett eller flera tillfällen intill årsstämman 2023. Återköpen kommer att ...

 PRESS RELEASE

Year-end report 2022, January – December

Year-end report 2022, January – December Fourth quarter Net sales for the fourth quarter reached SEK 764 m (571), corresponding to an increase of 34%. Currency translations had a positive effect of SEK 65 m on net salesOrder intake was SEK 718 m (699), corresponding to an increase of 3%Operating profit reached SEK 192 m (109), equal to a 25.1% (19.2) operating marginProfit after taxes totalled SEK 151 m (86) and earnings per share was SEK 3.25 (1.85)Cash flow from operating activities amounted to SEK 177 m (104)Acquisition of all shares in the British company Control Specialists Ltd. Year...

 PRESS RELEASE

Bokslutskommuniké 2022, januari - december

Bokslutskommuniké 2022, januari - december Kvartalet Fjärde kvartalets omsättning uppgick till 764 MSEK (571), motsvarande en ökning med 34%. Valutaeffekter har påverkat koncernens omsättning positivt med 65 MSEKOrderingången uppgick till 718 MSEK (699), motsvarande en ökning med 3%Rörelseresultatet uppgick till 192 MSEK (109), motsvarande en rörelsemarginal på 25,1% (19,2)Resultat efter skatt uppgick till 151 MSEK (86) och vinst per aktie till 3,25 SEK (1,85) Kassaflödet från den löpande verksamheten uppgick till 177 MSEK (104)Förvärv av samtliga aktier i det brittiska bolaget Control Spe...

 PRESS RELEASE

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 us...

 PRESS RELEASE

Inbjudan till HMS Networks telefonkonferens för det fjärde kvartalet 2...

Inbjudan till HMS Networks telefonkonferens för det fjärde kvartalet 2022 HMS Networks AB (publ) offentliggör sin rapport för det fjärde kvartalet 2022 torsdagen den 26 januari 2023 kl. 07.30. Samma dag kl. 09.00 arrangeras en telefonkonferens för press och aktiemarknad, där VD och koncernchef Staffan Dahlström samt finanschef Joakim Nideborn presenterar rapporten. Presentationen hålls på engelska och följs direkt via telefon eller via internet. De bilder som används under presentationen kommer att finnas tillgängliga på HMS webbplats före telefonkonferensen. Om du önskar delta via webc...

 PRESS RELEASE

CMO to leave HMS Networks AB (publ)

CMO to leave HMS Networks AB (publ) The Chief Marketing Officer (CMO), Anders Hansson, has today decided to leave HMS Networks for new challenges outside the company. “Anders Hansson started at HMS in 2000 and has been our CMO since 2017. He has been a valued member of the HMS Networks Corporate Management Team. I want to thank Anders for his great contributions to the development of HMS and wish him all the best for the future.”, says Staffan Dahlström, President and CEO.” Anders Hansson will stay with HMS during a 6-month notice period starting today. For more informatio...

 PRESS RELEASE

Chief Marketing Officer lämnar HMS Networks AB (publ)

Chief Marketing Officer lämnar HMS Networks AB (publ) HMS Networks Chief Marketing Officer (CMO), Anders Hansson, har idag beslutat att lämna HMS Networks för att fokusera på nya utmaningar. “Anders Hansson började jobba på HMS 2000 och har haft rollen CMO sedan 2017. Han har varit en mycket värdefull medlem i HMS ledningsgrupp. Jag vill tacka Anders för hans viktiga bidrag till HMS utveckling och önska honom all lycka till i framtiden.” säger Staffan Dahlström, VD och koncernchef för HMS Networks AB. Anders Hansson kommer at...

 PRESS RELEASE

HMS Networks AB (publ) acquires an additional 20% of Owasys Advanced W...

HMS Networks AB (publ) acquires an additional 20% of Owasys Advanced Wireless Devices S.L. HMS Industrial Networks AB, a wholly owned subsidiary of HMS Networks AB (publ), has today acquired an additional 20% of all shares in Owasys Advanced Wireless Devices S.L. The acquisition will strengthen the collaboration between Owasys and HMS further and brings HMS’s ownership to 80% of the shares in Owasys. Owasys is already fully consolidated and will consequently have no impact on HMS’s sales and earnings per share in 2023. For more information, please contact:Staffan Dahlström, CEO HMS Networ...

 PRESS RELEASE

HMS Networks AB (publ) förvärvar ytterligare 20% i Owasys Advanced Wir...

HMS Networks AB (publ) förvärvar ytterligare 20% i Owasys Advanced Wireless Devices S.L. HMS Industrial Networks AB, ett helägt dotterbolag till HMS Networks AB (publ), har idag förvärvat ytterligare 20 % av alla aktier i Owasys Advanced Wireless Devices S.L. Förvärvet kommer stärka samarbetet mellan Owasys och HMS ytterligare och utökar HMS ägande till 80% av aktierna i Owasys. Owasys är redan fullt konsoliderat och kommer följaktligen inte ha någon inverkan på HMS resultat per aktie 2023. För mer information, vänligen kontakta:CEO Staffan Dahlström, telefon: 035-17 29 01 CFO Joakim Nide...

Aurore Tigerschiöld ... (+5)
  • Aurore Tigerschiöld
  • Douglas Lindahl
  • Joachim Gunell
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
Joachim Gunell
  • Joachim Gunell

HMS Networks (Buy, TP: SEK375.00) - Look beyond H1 2023e

HMS Networks’ slowing order momentum remains in focus; we expect a trough by mid-2023. We believe investors are well aware of the deceleration – valuation multiples are down 55% YTD and approaching the 10-year historical average – and that a re-rating is drawing closer on: 1) 2024 prospects; 2) potential for increased medium-term financial targets; 3) a more positive sell-side view; and 4) a net cash position suggesting ~27% M&A upside potential to our base-case EPS by 2025. We have upgraded to ...

 PRESS RELEASE

HMS Networks AB (publ) acquires Control Specialists Ltd

HMS Networks AB (publ) acquires Control Specialists Ltd HMS Industrial Networks Ltd, a wholly owned subsidiary of HMS Networks AB (publ), has today acquired all shares in Control Specialists Ltd, located in Manchester, United Kingdom.Control Specialists is a key partner to Procentec – HMS’ offering in monitoring and diagnostics of industrial networks. They deliver certifications and certified trainings related to industrial networks in the United Kingdom. Control Specialists is expected to realize a turnover of 0.5 MGBP in 2022 and will be integrated into HMS Industrial Networks Ltd during ...

 PRESS RELEASE

HMS Networks AB (publ) förvärvar Control Specialists Ltd

HMS Networks AB (publ) förvärvar Control Specialists Ltd HMS Industrial Networks Ltd, ett helägt dotterbolag till HMS Networks AB (publ), har idag förvärvat samtliga aktier i Control Specialists Ltd, beläget i Manchester, Storbritannien. Control Specialists är en viktig partner till Procentec – HMS erbjudande inom monitorering och diagnostik av industriella nätverk. De levererar certifieringar och certifieringsutbildningar relaterade till industriella nätverk i Storbritannien. Control Specialists förväntas omsätta 0,5 MGBP 2022 och kommer att integreras i HMS Industrial Networks Ltd under ...

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Granath

HMS Networks - Japan MT orders: enters negative territory

-5% y-o-y growth in October (vs. +4% in September) Solid correl. with HMS: we expect negative orders ahead ATH backlog to support sales and margins in 2023e

Alexander Aukner ... (+13)
  • Alexander Aukner
  • Helene Kvilhaug Brøndbo
  • Jesper Ingildsen
  • Joachim Gunell
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolas McBeath
  • Ole-Andreas Krohn
  • Patrik Ling
  • Simen Aas
  • Simen Mortensen
  • Stefan Gauffin
Joachim Gunell
  • Joachim Gunell

HMS Networks (Hold, TP: SEK310.00) - Beat still not enough

For HMS Networks’ share price to bottom out, we would need to gain more conviction on the depth of its order downcycle. We find the stock fairly valued and are still awaiting a downcycle bottom in Q2–Q3 2023e. We reiterate our HOLD but have cut our target price to SEK310 (385) on 4% lower 2023e adj. EBIT.

Daniel Thorsson ... (+2)
  • Daniel Thorsson
  • Simon Granath

HMS Networks - Backlog providing support as orders decline

Orders -11% org. y-o-y, but margin impressive at 29% We raise ‘22e EBIT by 3%, but lower ‘23e by 2% Maintain HOLD, TP down to SEK 310 (340)

Loading...
New interest

Save your current filters as a new Interest

Please enter a name for this interest

Email alerts

Would you like to receive real-time email alerts when a new report is published under this interest?

Save This Search

These search results will show up under 'Saved searches' in the left panel

Please enter a name for this saved search

ResearchPool Subscriptions

Get the most out of your insights

Get in touch