HMS Networks AB (publ) (HMS) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you, operator. Good morning, everybody. Welcome to HMS Networks Quarter 2, 2026. Sunny day in Halmstad, where I'm sitting, and Joakim is sitting a bit further south, north of Malmö. I hope the sun is shining there as well. Sun is also shining in our numbers. We are very happy to present this Q2 report. I start with a quick business update, then Joakim will do a detailed summary of the financial numbers, and then we end up with a Q&A at the end. But a few highlights. If you look on our net sales, good growth, organic growth, 12%. We're happy with that. In total, backed by M&A and some favorable currency, plus 18%. Strong currency and a good quarter. Net sales, 991. We are not really at 1,000 million yet, but the coming quarters, we'll get there. Also, order intake are solid, organic, 15% and totally 20%. But we are not really seeing pre-orders. In quarter one, we saw some pre-orders, mainly relating to the acquisition we made for this Molex business. But now we feel that there's a good balance between order intake and net sales. Fantastic development on our profits. EBITDA 266, growth from 59% from last year. So EBITDA margin stronger than our goal of 25%, 26.8%. We're very happy with that. But also very happy to see a fantastic cash flow for operations, 334 million. So this really helps us in also how we leverage and how we deal with our debt situation. Joakim will talk about that. Strong EPS, so we're happy about the numbers. A few business highlights. Let's see if we can move to the next one here. As we said, good record quarter, but we also see that the growth is coming from all our big markets. So it's broad-based. We're very happy to see a 35% order growth in APAC. Very good. The two major things driving this is our data center automation business. Why we ...