Core Insights - The second quarter was marked by uncertainty in the market due to unclear tariff regulations and geopolitical tensions, affecting customer investment decisions [3][15] - Order intake for the quarter was SEK 816 million, reflecting an organic increase of 8%, driven by modest market improvements and better alignment of customer inventory with demand [4][9] - Net sales for the quarter were SEK 843 million, showing an organic decrease of 5%, impacted by currency fluctuations and delivery challenges [6][9] - The gross margin remained stable at 61.8%, although slightly lower than recent quarters due to currency changes and tariff effects [10][11] - The integration of Red Lion is progressing well, with significant advancements in implementing ERP and CRM systems [12] Financial Performance - Adjusted EBIT for the quarter reached SEK 181 million, corresponding to a margin of 21.4% [9][11] - Cash flow from operating activities amounted to SEK 201 million, driven by inventory adjustments and reduced accounts receivable [11][9] - For the first six months, order intake increased by 41% to SEK 1,746 million, while net sales rose by 19% to SEK 1,733 million [9] Market and Divisional Insights - Demand within Industrial Network Technology (INT) is improving, particularly among European customers, although from low levels [7] - Industrial Data Solutions (IDS) reported growth in order intake, but fewer large project orders were noted compared to previous quarters [8] - The New Industries (NI) segment is experiencing a cautious market environment due to tariff announcements, particularly affecting the European automotive industry [8] Tariff and Regulatory Environment - Ongoing tariff negotiations between the US and its trading partners are critical, with expectations of approximately 10% tariffs on finished goods from Europe to the US [14] - The company has introduced price adjustments on new orders to mitigate tariff impacts and is closely monitoring the situation [14] Outlook - The short-term market outlook remains uncertain due to tariffs and geopolitical factors, but there is cautious optimism for long-term growth driven by increased automation and digitalization needs in the US manufacturing sector [15][16]

HMS Networks AB (publ) held its Annual General Meeting on April 25, 2025. The Meeting resolved in favour of all matters in accordance with the proposals of the Board of Directors and the Nomination Committee. The main contents of the most important resolutions are described below. ALLOCATION OF EARNINGSThe Annual General Meeting resolved in accordance with the Board’s proposal that no dividend shall be paid to the shareholders for the 2024 financial year, and that the profit for 2024 plus the retained earni ...

Core Insights - The company reported a strong start to the year with a significant increase in order intake and net sales, indicating positive market trends despite challenges [3][5][8] Financial Performance - Order intake for the first quarter reached SEK 930 million, a growth of 97% year-over-year, with 12% being organic growth [3][8] - Net sales for the quarter amounted to SEK 890 million, reflecting a 44% increase, although organic sales decreased by 17% due to a large order book from the previous year [5][8] - Adjusted EBIT was SEK 218 million, corresponding to a 24.5% adjusted operating margin, showing improvement from the previous year [8][10] - Cash flow from operating activities was SEK 187 million, significantly higher than the previous year's SEK 58 million [8][10] Divisional Performance - The company has reorganized into three divisions: Industrial Data Solutions (IDS), Industrial Network Technology (INT), and New Industries (NI), all showing positive development [4][12] - The INT division contributed the most to growth, benefiting from customers' inventory adjustments [4] Geographic Insights - The USA market is performing better compared to Germany and Central Europe, with strong growth noted in the Middle East [7][8] Acquisitions - The integration of last year's acquisitions, Red Lion Controls and PEAK-System, has shown positive momentum, contributing to the company's growth [4][11] Market Outlook - The company anticipates challenges due to tariffs affecting exports from the EU to the US, with 15% of sales impacted [14][17] - Long-term growth is expected in the Industrial ICT sector, driven by increased manufacturing in the US [18]