Hms Networks Ab · OMXSTO:HMS
Hms Networks Ab — Q3 2025 Earnings Presentation
23 slides from Hms Networks Ab's earnings presentation, Oct 21, 2025
Slide 1: HMS Networks Q3 2025 presentation
HMS Networks Q3 2025 presentation Staffan Dahlström, CEO, Joakim Nideborn, CFO October 21, 2025 Hardware Meets Software
Slide 2: Agenda
Agenda 1 Strategy 2026-2030 2 Business update from Q3 2025 3 Financial summary Q3 2025 4 Q&A
Slide 3: Financial summary of Q3 2025 and YTD
Financial summary of Q3 2025 and YTD Q3 summary YTD • Net sales 894 MSEK (792), +13%, organic +8% • Net sales 2,627 MSEK (2,253), +17%, organic -4% • Order intake 855 MSEK (677), +26%, organic +22% • Order intake 2,601 MSEK (1,918), +36%, organic +14% • Adjusted EBIT 244 MSEK (194) • Adjusted EBIT 6
Slide 4: 3 Divisions. 2x Revenue. 1 Company.
3 DIVISIONS. 2xREVENUE. 1 COMPANY.
Slide 5: Six strategic focus areas for 2026-2030
Six strategic focus areas for 2026-2030 HMS supports securing the planet for future generations by being an Industry leader in sustainability and follow SBTi to reduce CO2 Structured strategies for winning new business, growing existing customers Strategic acquisitions and keeping customer base sati
Slide 6: Targets — HMS Group 2030
Targets — HMS Group 2030 EBITA: Earnings Before Interest, Tax, Amortization of excess values from acquisitions. Note: Amortization from capitalized developments are included in EBITA
Slide 7: Modernization in offer and business model
3-2-1-GROW – Product offer and Go-to-market Modernization in offer and business model AI enablement and Business model shift: Product portfolio Closer to the customer Successful execution support in HMS’ larger share recurring evolution with more direct sales of bolt-on M&A products revenue More tha
Slide 8: Twice the size but still the same DNA
3-2-1-GROW – HMS way of working Twice the size but still the same DNA HMS company culture The most engaged Leaders that foster Investments in systems “Win Grow Keep” and AI tools to increase lived in all parts of the employees in the happy and high- sales strategy efficiency business industry perfor
Slide 9: 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 10: Agenda
Agenda 1 Strategy 2026-2030 2 Business update from Q3 2025 3 Financial summary Q3 2025 4 Q&A
Slide 11: Business update – third quarter 2025
Business update – third quarter 2025 • Organic order intake of 22%, organic growth in all divisions and geographical regions • North America and EMEA markets generate the best order intake for the year, APAC (ex China) more hesitant • Record Net Sales – driven by IDS performance in North America • 2
Slide 12: Agenda
Agenda 1 Strategy 2026-2030 2 Business update from Q3 2025 3 Financial summary Q3 2025 4 Q&A
Slide 13: Order intake of 855 MSEK in Q3 2025, +26%
Order intake of 855 MSEK in Q3 2025, +26% Order intake, MSEK Analysis and conclusions +26% • Q3 2025: 855 MSEK (677), +26% (organic +22%) 1 000 930 6 000 893 816 855 • YTD: 2,601 MSEK (1,918), +36% (organic +14%) 800 769 75 5 000 718 72 682 703 677 390 418 • Strong organic growth of 22% vs weak comp
Slide 14: Net sales 894 MSEK in Q3 2025, +13%
Net sales 894 MSEK in Q3 2025, +13% Net sales, MSEK Analysis and conclusions +13% • Q3 2025: 894 MSEK (792), +13% (organic +8%) 1 000 4 000 890 894 773 789 845 792 807 843 79 • YTD: 2,627 MSEK (2,253), +17% (organic -4%) 800 764 760 76 703 3 000 616 283 244 304 364 • Book-to-bill in constant currenc
Slide 15: Q3 2025: Industrial Data Solution
Q3 2025: Industrial Data Solution IDS order intake & net sales (incl proforma in Q124), MSEK Analysis and conclusions +6% • Order intake 410 MSEK (386), +6%, organic +15% 492 500 459 • Net sales 439 (399), +10%, organic +21% 412 410 400 391 386 382 • Adjusted EBIT in Q3 2025 of 118 MSEK, margin of 2
Slide 16: Q3 2025: Industrial Network Technology
Q3 2025: Industrial Network Technology INT order intake & net sales, MSEK Analysis and conclusions • Order intake 241 MSEK (190) +27%, organic +34% 400 • Net sales 246 MSEK (275), -10%, organic -3% +27% 300 250 250 • Adjusted EBIT in Q3 2025 of 70 MSEK, margin of 28.4% 239 234 241 200 203 190 • Cont
Slide 17: Q3 2025: New Industries
Q3 2025: New Industries NI order intake & net sales (incl proforma), MSEK Analysis and conclusions • Order intake 204 MSEK (174), +17%, organic +21% 300 +17% • Net sales 209 (190), +10%, organic +14% 221 210 208 190 204 • Adjusted EBIT in Q3 2025 of 56 MSEK, margin of 26.5% 200 174 184 • Rebound in
Slide 18: Q3 2025: Adjusted EBIT 244 MSEK (27.3%)
Q3 2025: Adjusted EBIT 244 MSEK (27.3%) Adjusted EBIT, MSEK Analysis and conclusions • Adjusted EBIT Q3: 244 MSEK (194) +26% 244 • Adjusted EBIT margin Q3: 27.3% (24.5) 250 900 2 226 218 29 • Adjusted EBIT YTD: 643 MSEK (503) 216 4 800 4 13 200 197 196 194 • Adjusted EBIT margin YTD: 24.5% (22.3) 6
Slide 19: Q3 2025: Adjusted EPS 3.88 SEK
Q3 2025: Adjusted EPS 3.88 SEK Adjusted EPS, SEK Analysis and conclusions Q3: +55% • Adjusted EPS of 3.88 SEK (2.51) 4.00 3.79 3.88 14 3.77 13 • Net financials of -26 MSEK (-45) mainly related 3.50 3.37 12 to interest cost of -28 MSEK (-38) 3.17 3.00 2.94 11 • Reduction of debt and lower interest ra
Slide 20: Q3 2025: Cash flow from ops. of 258 MSEK
Q3 2025: Cash flow from ops. of 258 MSEK Cash flow, MSEK Analysis and conclusions 300 +26% 125% Q3: 258 • Cash flow from ops. of 258 MSEK (205) 250 100% • Changes in NWC → 24 MSEK (69) 205 201 200 187 177 177 167 75% 155 YTD 2025: 152 150 • Cash flow from ops. of 646 MSEK (415) 119 50% 100 • Changes
Slide 21: Q3 2025: Net debt of 2,574 MSEK
Q3 2025: Net debt of 2,574 MSEK Net debt and leverage, MSEK Analysis and conclusions 3 300 3 275 4.0 • Net debt / Adj. EBITDA including proforma from 3 200 acquisitions: 2.66 (2.78) 276 3 100 3.5 3 000 2 950 • Net debt pre IFRS 16 / Adj. EBITDA incl proforma 2 900 197 2 823 from acquisitions: 2.60 (
Slide 22: Key takeaways from the third quarter 2025
Key takeaways from the third quarter 2025 • Positive development in North America Recovery in several geographical markets • Small improvement in Europe, but still hesitant – especially for INT • Middle East and China are growing into more important markets • Investments to extend production capacit
Slide 23: Questions?
Questions’? Ss aE, <A SSS