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HMS Networks (HMS) investor relations material
HMS Networks CMD 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.CMD 2025 summary9 Sep, 2025
Strategic direction, technology shifts, and growth plans
Five core pillars—access, insights, visualize, connect, and diagnose—will remain central, with increased emphasis on ARR and AI integration within offerings.
Technology shifts will accelerate product releases and support growth beyond 2030, leveraging new platforms for cross-functional synergies.
Targets for 2030 include SEK 7.5 billion in net sales and a 25% EBITA margin, shifting focus from adjusted EBIT to EBITA as the main profitability metric.
Growth will be driven by winning new customers, expanding within the existing base, and prioritizing mergers and acquisitions.
Significant investments are planned in product portfolio updates to boost service content and increase annual recurring revenue (ARR).
Market position, competition, and operational focus
The market remains highly fragmented, with no single competitor matching the full portfolio; cross-selling is a key advantage.
Organic growth is targeted at around 8% annually, in line with market growth, with no expectation of significant cyclical rebounds.
Expansion into lower-priced, higher-volume segments is planned, but without sacrificing gross margins.
Operational efficiency improvements are prioritized to maintain solid profitability.
US tariffs' impact on gross margins has been offset by price increases.
M&A strategy and financial guidance
M&A focus is on profitable, well-managed companies with compatible cultures, ideally around SEK 300 million in revenue.
Multiples for acquisitions may rise for companies with recurring revenues, but the target remains around 9–10x EBITDA.
Half of future growth is expected from M&A, with organic margin potential slightly above 25%, but combined targets remain at 25% due to margin dilution from acquisitions.
Dividend payout will be 30-50% of adjusted EPS, with financial leverage targeted below 2.5x Net Debt/EBITDA.
Debt levels are being reduced monthly, aiming for 2.5x Net Debt/EBITDA by year-end.
Clarify EBITA vs. prior adjusted EBIT impact
How will ARR contribute to the 65%+ gross margin?
What M&A focus areas are planned for 2026-2030?
M&A timing and ARR impact on acquisition multiples
INT: How to capture 'build-it-yourself' market share?
Explain the 'in-China for China' strategy
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Next HMS Networks earnings date
Q3 202521 Oct, 2025
Next HMS Networks earnings date
Q3 202521 Oct, 2025
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Frequently asked questions
HMS Networks AB provides industrial communication and industrial Internet of Things solutions under the Anybus, Ewon, IXXAT, and Intesis brands worldwide. The company offers wired connectivity products, including I/O modules and gateways that connect automation systems, PLCs, and robots with other machine members; and industrial wireless solutions for various IIoT use cases.
It also provides communication interface products that link industrial automation devices to machine networks and cloud services. In addition, the company offers support services to enable customers to connect their machines and control equipment on the network or in the cloud. HMS Networks AB was founded in 1988 and is headquartered in Halmstad, Sweden.
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