Hms Networks Ab · OMXSTO:HMS
Hms Networks Ab — Q2 2025 Earnings Presentation
18 slides from Hms Networks Ab's earnings presentation, Jul 11, 2025
Slide 1: HMS Networks Q2 2025 presentation
HMS Networks Q2 2025 presentation Staffan Dahlström, CEO, Joakim Nideborn, CFO July 11, 2025 Hardware Meets Software
Slide 2: Agenda
Agenda 1 Business update from Q2 2025 3 Financial summary Q2 2025 4 Q&A
Slide 3: Financial summary of Q2 2025 and YTD
Financial summary of Q2 2025 and YTD Q2 summary YTD • Net sales 843 MSEK (845), 0%, organic -5% • Net sales 1,733 MSEK (1,461), +19%, organic -10% • Order intake 816 MSEK (769), +6%, organic +8% • Order intake 1,746 MSEK (1,242), +41%, organic +10% • Adjusted EBIT 181 MSEK (172) • Adjusted EBIT 399
Slide 4: Our business – Industrial ICT – in three divisions
Our business – Industrial ICT – in three divisions 46% 30% 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 – second quarter 2025
Business update – second quarter 2025 • Order intake; organic growth of 8%, third quarter in a row with organic growth • Organic net sales still behind last years level (-5% vs Q224) – growth expected onwards • Uncertain market conditions during the quarter related to tariffs and macroeconomic conce
Slide 6: Tariff situation for HMS
Tariff situation for HMS 1 EU → North America: 15% of group sales. Finished Goods, expected 10% tariffs 3 2 4 China and Asia → USA: Components to US EU → USA → Non-USA Americas: Finished USA → China: Finished Goods manufacturing, expected +20% Goods <5% of group sales , expected 10% tariffs < 0.5% o
Slide 7: Agenda
Agenda 1 Business update from Q2 2025 3 Financial summary Q2 2025 4 Q&A
Slide 8: Order intake of 816 MSEK in Q2 2025, +6%
Order intake of 816 MSEK in Q2 2025, +6% Order intake, MSEK Analysis and conclusions +6% • Q2 2025: 816 MSEK (769), +6% (organic +8%) 1 000 930 4 000 893 816 • YTD: 1,746 MSEK (1,242), +41% (organic +10%) 800 769 718 703 72 675 682 677 390 418 3 000 • From Q2 2025, Red Lion is part of the organic nu
Slide 9: Net sales 843 MSEK in Q2 2025
Net sales 843 MSEK in Q2 2025 Net sales, MSEK Analysis and conclusions 0% • Q2 2025: 843 MSEK (845), 0% (organic -5%) 1 000 4 000 890 773 789 845 792 807 843 • YTD: 1,733 MSEK (1,461), +19% (organic -10%) 800 764 760 76 703 3 000 624 616 283 244 304 364 • Book-to-bill in constant currencies of 1.01
Slide 10: Q2 2025: Industrial Data Solution
Q2 2025: Industrial Data Solution IDS order intake & net sales (incl proforma Q124), MSEK Analysis and conclusions -2% • Order intake 382 MSEK (391), -2%, organic +10% 492 • Net sales 377 (436), -14%, organic -7% 500 459 412 400 391 386 382 • Adjusted EBIT in Q2 2025 of 65 MSEK, margin of 17.1% 300
Slide 11: Q2 2025: Industrial Network Technology
Q2 2025: Industrial Network Technology INT order intake & net sales, MSEK Analysis and conclusions • Order intake 250 MSEK (239) +5%, organic +15% 400 • Net sales 269 MSEK (271), -1%, organic +6% +5% 300 250 250 • Adjusted EBIT in Q2 2025 of 75 MSEK, margin of 27.9% 239 234 200 203 190 • European cu
Slide 12: Q2 2025: New Industries
Q2 2025: New Industries NI order intake & net sales (incl proforma), MSEK Analysis and conclusions • Order intake 184 MSEK (208), -11%, organic -4% 300 -11% • Net sales 197 (206), -4%, organic 0% 221 210 208 190 • Adjusted EBIT in Q2 2025 of 41 MSEK, margin of 20.7% 200 174 184 • The division have b
Slide 13: Q2 2025: Adjusted EBIT 181 MSEK (21.4%)
Q2 2025: Adjusted EBIT 181 MSEK (21.4%) Adjusted EBIT, MSEK Analysis and conclusions • Adjusted EBIT Q2: 181 MSEK (172) • Adjusted EBIT margin Q2: 21.4% (20.4) 250 800 +5% 226 218 • Adjusted EBIT YTD: 399 MSEK (309) 216 4 4 700 13 200 197 196 194 • Adjusted EBIT margin YTD : 23.0% (21.1) 185 6 4 31
Slide 14: Q2 2025: Adjusted EPS 2.52 SEK
Q2 2025: Adjusted EPS 2.52 SEK Adjusted EPS, SEK Analysis and conclusions Q2: • Adjusted EPS of 2.52 SEK (2.12) 4.00 3.79 3.77 14 13 • Net financials of -27 MSEK (-61) mainly related 3.50 3.37 +16% 12 to interest cost of -33 MSEK (-43) 3.17 3.02 2.94 11 3.00 10 2.56 2.60 2.43 2.51 2.52 9 YTD 2025: 2
Slide 15: Q2 2025: Cash flow from ops. of 201 MSEK
Q2 2025: Cash flow from ops. of 201 MSEK Cash flow, MSEK Analysis and conclusions Q2: 250 125% • Cash flow from ops. of 201 MSEK (152) +32% • Changes in NWC → 70 MSEK (18) with the majority 205 201 200 100% related to inventory reduction and reduced 187 177 177 receivables 167 155 152 150 75% 118 11
Slide 16: Q2 2025: Net debt of 2,823 MSEK
Q2 2025: Net debt of 2,823 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: 2.97 (2.65) – 3.10 in Q1 2025 3 100 3.5 3 000 2 950 • Net debt pre IFRS 16 / Adj. EBITDA incl 2 900 197 2 823 proforma from ac
Slide 17: Key takeaways from the second quarter 2025
Key takeaways from the second quarter 2025 • 8% organic growth in order intake and growth in acquired entities Organic growth in order intake in a • Stable development in core business challenging market • Book-to-bill of 1.01 in constant currencies • European customers, including larger accounts, a
Slide 18: Questions?
Questions’? Ss aE, <A SSS