HMSNasdaq StockholmTelecommunicationsIFRS · SEK

HMS Networks

HMS Networks specializes in industrial communication and the Industrial Internet of Things (IIoT). The company provides solutions under various brands such as Anybus, Ewon, Ixxat, Intesis, Red Lion, and N-Tron, focusing on connecting automation products and machines to industrial networks. HMS Networks combines organic growth with strategic acquisitions to expand its market presence and product offerings globally. The company is recognized for its deep knowledge in industrial communication, offering innovative solutions for both existing and new markets.

Revenue3,059m SEK
−0.0 %y/y
Operating profit (EBIT)503m SEK
+0.0 %y/y
EBIT margin16.4%
+0.0 ppy/y

Fiscal year 2025 · change from previous year

Development 2020–2025

01,0002,0003,0004,000m SEK2020: 1,467 m SEK2020: EBIT 288 m SEK20202021: 1,972 m SEK2021: EBIT 446 m SEK20212022: 2,506 m SEK2022: EBIT 653 m SEK20222023: 3,025 m SEK2023: EBIT 753 m SEK20232024: 3,059 m SEK2024: EBIT 503 m SEK20242025: 3,059 m SEK2025: EBIT 503 m SEK20253,059503
RevenueOperating profit (EBIT)

Business

Share of revenue
Industrial Network Solutions35 %

Includes Anybus and N-Tron products for network connectivity and diagnostics.

Remote Access and Data Solutions25 %

Ewon and Red Lion products for remote monitoring and data visualization.

Building Automation15 %

Intesis solutions primarily for HVAC systems.

Automotive and Smart Grid Communication15 %

Ixxat products for automotive testing and smart grid communication.

Wireless Communication10 %

Owasys solutions for mobile industrial applications.

Customers

HMS Networks serves a diverse range of industrial customers who require robust communication solutions for automation and data management. Key customer segments include manufacturers of industrial equipment, building automation companies, and automotive testing firms. These customers rely on HMS Networks for reliable connectivity and data solutions that enhance operational efficiency and enable remote management. The company's products are critical for customers looking to integrate advanced communication technologies into their existing systems, ensuring seamless data flow and network reliability.

Industrial Equipment Manufacturers

Purchase network connectivity solutions for automation products.

Building Automation Companies

Require HVAC communication systems for efficient building management.

Automotive Testing Firms

Need communication solutions for testing and functional safety.

Data Visualization and Remote Access Clients

Use remote monitoring tools for operational efficiency.

Strategy

HMS Networks' strategic priorities include a combination of organic growth and acquisitions to enhance its market position. The company focuses on expanding its product offerings and improving service levels to drive growth in existing markets. It actively invests in new sales channels globally and develops innovative solutions for new markets. The reorganization into new divisions aims to strengthen customer focus and enhance cross-selling opportunities, positioning HMS for continued growth.

Organic Growth and AcquisitionsMedium term

To enhance market position and expand product offerings.

New Sales ChannelsShort term

To reach new customers and markets globally.

Reorganization for Customer FocusLong term

To improve customer service and cross-selling opportunities.

Geography

HMS Networks operates globally, with significant market presence in Europe, North America, and Asia. The company has strategically expanded its sales channels to address new markets with targeted solutions. Key manufacturing and development centers are located in regions that support its core technology platform strategy. The company's geographic diversification helps mitigate risks associated with regional economic fluctuations and allows it to capitalize on growth opportunities in emerging markets.

Risks

HMS Networks faces several business and financial risks, including exposure to macroeconomic fluctuations, particularly in Europe. The company's reliance on acquisitions for growth introduces integration risks and potential financial strain. Currency fluctuations can impact financial performance, given its global operations. Additionally, the rapid pace of technological change in the industrial communication sector poses a risk of product obsolescence. The company's strategy to mitigate these risks includes geographic diversification and maintaining a strong focus on innovation.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Macroeconomic Fluctuations1Currency Fluctuations3Acquisition Integration4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Macroeconomic FluctuationsImpact: HighLikelihood: High

    Economic instability in key markets can affect demand.

  2. Technological ChangeImpact: High

    Rapid innovation in the sector could render products obsolete.

  3. Currency FluctuationsImpact: MediumLikelihood: Medium

    Global operations expose the company to exchange rate volatility.

  4. Acquisition IntegrationImpact: MediumLikelihood: Low

    Challenges in integrating acquired companies can disrupt operations.

Accounting

Judgemental items
Revenue Recognition Timing

Affects growth metrics and comparability.

Impact: high

Goodwill and Intangible Assets

Acquisitions necessitate careful accounting.

Impact: medium

Currency Fluctuations

Global operations expose the company to exchange rate volatility.

Impact: medium

Restructuring Costs

One-time costs affect financial metrics.

Impact: medium

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026