Hms Networks Ab · OMXSTO:HMS
Hms Networks Ab — Q1 2025 Earnings Presentation
19 slides from Hms Networks Ab's earnings presentation, Apr 23, 2025
Slide 1: HMS Networks Q1 2025 presentation
HMS Networks Q1 2025 presentation Staffan Dahlström, CEO, Joakim Nideborn, CFO April 23, 2025 Hardware Meets Software
Slide 2: Agenda
Agenda 1 Business update from Q1 2025 3 Financial summary Q1 2025 4 Q&A
Slide 3: Financial summary of Q1 2025 and R12 months
Financial summary of Q1 2025 and R12 months Q1 summary R12 months summary • Net sales 890 MSEK (616), +44%, organic -17% • Net sales 3,333 MSEK (2,868), +16%, organic -26% • Order intake 930 MSEK (473), +97%, organic +12% • Order intake 3,269 MSEK (2,094), +56%, organic -6% • Adjusted EBIT 218 MSEK
Slide 4: Our business – Industrial ICT – in three divisions
Our business – Industrial ICT – in three divisions 47% 29% 24% Industrial Data Solutions Industrial Network Technology New Industries (IDS) (INT) (NI) Solutions to connect, secure, diagnose and Technology for communication, control and Industrial communication for niche applications visualize data i
Slide 5: Business update – first quarter 2025
Business update – first quarter 2025 • Order intake, organic growth continues +12% in Q1. Large INT customers are ordering again • Sequential improvement of Net Sales, negative organic growth related to large boost effects in Q1 2024 for the INT embedded business • Americas developed well, Germany a
Slide 6: Tariff situation for HMS
Tariff situation for HMS 1 EU → North America: 15% of group sales. Finished Goods, currently 10% tariffs (if not exempt) 3 2 4 China and Asia → USA: Components to US EU → USA → Non-USA Americas: Finished USA → China: Finished Goods manufacturing, currently high tariffs from Goods <5% of group sales
Slide 7: Agenda
Agenda 1 Business update from Q1 2025 3 Financial summary Q1 2025 4 Q&A
Slide 8: Order intake of 930 MSEK in Q1 2025, +97%
Order intake of 930 MSEK in Q1 2025, +97% Order Intake, MSEK Analysis and conclusions +97% • Q1 2025: 930 MSEK (473), +97% (organic +12%) 1 000 930 4 000 893 815 • R12: 3,269 MSEK (2,094), +56% (organic -6%) 800 769 718 703 675 682 677 390 418 3 000 • Americas and APAC develops positive, where the J
Slide 9: Net Sales 890 MSEK in Q1 2025, +44%
Net Sales 890 MSEK in Q1 2025, +44% Net Sales, MSEK Analysis and conclusions +44% • Q1 2025: 890 MSEK (616), +44% (organic -17%) 1 000 4 000 890 773 789 845 792 807 • R12: 3,333 MSEK (2,868), +16% (organic -26%) 800 764 760 703 3 000 601 624 616 283 244 304 364 • Book-to-bill excluding FX effects of
Slide 10: Q1 2025: Industrial Data Solution
Q1 2025: Industrial Data Solution IDS Order intake & Net Sales (incl proforma), MSEK Analysis and conclusions +11% • Order intake increased 11% compared to Q1 2024 to 459 MSEK 500 464 459 (412, incl proforma from Red Lion) 412 400 368 375 • Net sales increased 2% compared to Q1 2024 to 418 (409, inc
Slide 11: Q1 2025: Industrial Network Technology
Q1 2025: Industrial Network Technology INT Order intake & Net Sales, MSEK Analysis and conclusions • Order intake increased 23% compared to Q1 2024 to 250 MSEK (203) 400 • Net sales decreased 26% compared to Q1 2024 to 257 MSEK (345) +23% 300 250 • Adjusted EBIT in Q1 2025 of 72 MSEK, margin of 27.9
Slide 12: Q1 2025: New Industries
Q1 2025: New Industries NI Order intake & Net Sales (incl proforma), MSEK Analysis and conclusions • Order intake increased 5% compared to Q1 2024 to 221 MSEK (210, 300 +5% incl proforma from PEAK-System) 210 224 221 • Net Sales increased 1% compared to Q1 2024 to 215 MSEK (213, incl 200 169 180 pro
Slide 13: Q1 2025: Sales per region
Q1 2025: Sales per region Sales per region Q1 2025, MSEK 41% 45% 14%
Slide 14: Q1 2025: Adjusted EBIT 218 MSEK (24.5%)
Q1 2025: Adjusted EBIT 218 MSEK (24.5%) Adjusted EBIT, MSEK Analysis and conclusions • Adjusted EBIT Q1: 218 MSEK (137) • Adjusted EBIT margin Q1: 24.5% (22.2) 250 +60% 800 226 218 • Adjusted EBIT R12: 743 MSEK (713) 216 4 4 700 13 200 197 196 194 • Adjusted EBIT margin R12 : 22.4% (24.9) 185 6 4 31
Slide 15: Q1 2025: Adjusted EPS 3.17 SEK
Q1 2025: Adjusted EPS 3.17 SEK Adjusted EPS, SEK Analysis and conclusions Q1: • Adjusted EPS of 3.17 SEK (2.43) 4.00 3.79 3.77 14 +31% 13 • Net financials of -30 MSEK (3) mainly related to 3.50 3.37 12 interest cost of -34 MSEK 3.17 3.02 2.94 11 3.00 10 2.56 2.60 2.45 2.43 2.51 9 R12 2025: 2.50 2.12
Slide 16: Q1 2025: Cash flow from ops. of 187 MSEK
Q1 2025: Cash flow from ops. of 187 MSEK Cash flow, MSEK Analysis and conclusions Q1: 250 125% • Cash flow from ops. of 187 MSEK (58) +223% • Changes in NWC → 48 MSEK (-72) with the 205 200 100% majority related to inventory reduction 187 177 177 167 155 152 150 75% R12 2025: 118 119 • Cash flow fro
Slide 17: Q1 2025: Net Debt of 2,950 MSEK
Q1 2025: Net Debt of 2,950 MSEK Net debt and leverage, MSEK Analysis and conclusions 3 293 3 300 4.0 • Net debt / Adj. EBITDA including proforma 3 200 276 from acquisitions: 3.10 (0.39) 3 100 3.5 3 000 2 950 • Net debt pre IFRS 16 / Adj. EBITDA incl 2 900 197 proforma from acquisitions: 3.05 (0.04)
Slide 18: Key takeaways from the first quarter 2025
Key takeaways from the first quarter 2025 • 12% organic growth in order intake and solid growth also in Order Intake improvement – recovery acquired entities – de-stocking is through from large customers • Book-to-bill of 1.09 excluding FX effects • Adjusted EBIT-margin of 24.5% - almost back at tar
Slide 19: Questions?
Questions’? Ss aE, <A SSS