HMS Networks AB (publ) (HMS) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Still, it's a bit down compared to the trend we've been seeing in Q4 and Q1. And the main reason we see here is that those big product orders that we have received over Q4 and Q1 that has been very strong, we don't see the same pace of that in Q2. One reason could probably be the tariffs. And then we believe that we've received a lot of those orders also in the previous quarters. So I think maybe that clarifies a little bit on the positive side we can see that Europe is improving it comes from fairly low levels but we see a continued improvement in the pace in Europe and I mean that's a significant market for us so that's very important that we see this development I'll come back to it when we look in the int numbers it's even more clear We can also note that APEC and especially China is developing extremely well, and we're more than 30% up in this region, and China for INT is becoming a really strong market. It's a bit surprising that it's going so well, but we're happy to see that. And if we then move over to sales, we don't see exactly the same situation. We see a more steady curve on the sales development. We reach 843 million, which is pretty much flat in relationship to the previous year. Organically, we're minus 5%. And here you also see that the organic development is about the same as the FX effect. And then the acquisition of peak pretty much makes up for that drop. And here we're also meeting a pretty good comp in Q2. A lot of the businesses were doing quite well. We still had some order book to deliver out from for the INT part. And also IDS had a pretty good quarter. We also see the effect of the go live from our ERP system. We went live in 1st of June, where we have been running a bit slow the first couple of weeks in the US. Which is normal. We had the...