Fourth quarter
Net sales for the fourth quarter reached SEK 571 m (405), corresponding to an increase of 41%. Currency translations had a negative effect of SEK 7 m on net sales
Order intake was SEK 699 m (408), corresponding to an increase of 71%
Operating profit reached SEK 109 m (75), equal to a 19.2% (18.5) operating margin
Profit after taxes totalled SEK 86 m (57) and earnings per share was SEK 1.85 (1.21)
Cash flow from operating activities amounted to SEK 104 m (83)
HMS acquired minority shares in Connectitude AB.
Yearly
Net sales for the year reached SEK 1,972 m (1,467), corresponding to a 34% increase. Currency translations had a negative effect of SEK 75 m on net sales
Order intake was SEK 2,538 m (1,447), corresponding to an increase of 75%
Operating profit was SEK 446 m (288), equal to a 22.6% (19.6) operating margin
Profit after taxes totalled SEK 362 m (220) and earnings per share was SEK 7.61 (4.79)
Cash flow from operating activities amounted to SEK 508 m (370)
HMS acquired 60% of the shares in Owasys Advanced Wireless Devices S.L.
The Board of Directors propose a dividend to the amount of SEK 3.00 (2.00) per share
Comment from the CEO A strong finish to the record year 2021
The strong market demand from previous quarters continued in the fourth quarter. Furthermore, we had a temporary improvement during the quarter in the availability of semiconductor components that increased our delivery capacity. In total, this resulted in a new quarterly record with an order intake of SEK 699 million, and sales of SEK 571 million, which corresponds to an increase of 71% in order intake and 41% in sales compared to the same quarter last year. Operating profit ends up at SEK 109 million, which is an increase of 46%.
We can thus close a fantastic 2021 with impressive annual figures. An order intake of SEK 2,538 million, corresponding to a growth of 75% and a record turnover of SEK 1,972 million, an increase of 34% of which 26% is organic growth. Our operating profit reaches a new record level of SEK 446 million, which corresponds to a growth of 55% compared to the previous year. Notable is also our strong cash flow during the year, which amounts to SEK 508 million, an increase of 38% compared to the previous year.
A strong cash flow and a strong balance sheet create good conditions for future investments, both organically and through acquisitions.
Good growth in all of our geographic markets
All of our geographic markets continue to show good growth in both order intake and sales, primarily driven by increasing investments in automation, digitization, energy efficiency and remote monitoring of industrial machines. Apart from increased productivity in industrial applications, we also see an increased focus on sustainability as an underlying reason for the high investment rate.
We see the largest increase in Continental Europe, which has more than doubled its organic order intake in the quarter. Just like previous quarters, it is a combination of high investments pace and compensation for longer lead times and component uncertainty that is behind the development. We can see that the markets in Continental Europe that had the toughest 2020 have shown the strongest recovery in 2021.
Continued great uncertainty regarding semiconductors
There is still a great deal of uncertainty and problems regarding the supply of various semiconductor components, especially processors. During the quarter, we succeeded in solving several of our challenges in the short term and therefore managed to deliver better volumes than expected. For the coming quarters, we see a continued shortage of components and we believe that our delivery capacity will remain volatile.
As in the third quarter, we see an impact on our gross margin as an effect of cost increases on components and a continued need for component supply in the spot market. The gross margin ended at 60.8% (61.6).
During the second half of 2021, we made price increases that mostly will have effect at the turn of the year 2021/2022. We have chosen not to change already confirmed orders, which means that we believe in a gradual improvement in the gross margin as our price increases take effect in 2022.
Order book strengthened by pre-order
The strong market situation in combination with longer lead times and the previous-mentioned challenges in component supply leads to customers continuing to place orders further into the future. We continue to build an order book which now amounts to SEK 864 million, strengthened by an estimated SEK 200 million from pre-orders in the quarter. We see this as a direct consequence of the current supply chain situation, which does not reflect underlying demand. Of this year's order intake, we estimate that approximately SEK 500 million are orders placed in advance due to the supply chain contraints in the market.
Stable inflow of new Design Wins
Despite the fact that many of our customers have been forced to work on modifying their existing products in order to be able to deliver and thus in the short term reduced their focus on new development, interest in HMS solutions has remained high. For those of our products sold according to our Design-Win business model, approximately 43% of HMS sales, we can see a continued stable flow of new customers in 2021. In total, we received 174 (165) new Design-Wins during the year, and that the total number of active Design Wins now amounts to 1,790 (1,820). Of these, 1,447 (1,418) are in production, while 343 (402) are expected to go into production in the coming years.
Acquisitions and strategic collaborations
Spanish Owasys, which HMS acquired 60% of on July 1, has developed well and several technology and marketing projects have already been started together with HMS.
During the quarter, we acquired a minority of Swedish Connectitude AB, and we ha
Most recent headlines
17/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
17/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
17/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
17/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
17/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
17/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
17/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
17/12/2025
KPop Demon Hunters Stars Visit Berklee for Weeklong Celebration Andrew Choi and EJAE, who voiced the film's main characters and contributed to its soundtr...
16/12/2025
Hawkins has landed on Spotify, just in time for Stranger Things Season 5, Volume...
16/12/2025
Wherever you are, your favorite music and audio content should go seamlessly with you. That's why Spotify has partnered with NAVER Corp, Korea's leading...
16/12/2025
2025 Wrapped arrived bigger and bolder than ever. This year's experience is designed to be ultra personal and shareable, with new features like Wrapped Part...
16/12/2025
Three 12-kilowatt Advanced Electric Propulsion System thrusters, supplied by L3Harris Technologies, form the core of Gateway's propulsion system. Pictured i...
16/12/2025
The challenge facing America's defense industrial base is not just about speed - its about rebuilding the foundation that makes speed possible. Our nations ...
16/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
16/12/2025
SEVILLE, Spain Canal Sur, the public broadcasting service for Andalusia, Spain, has completed a total technology refresh based on Pebble's resilient, softwa...
16/12/2025
NEW YORK Teleprompting hardware provider Telescript International has acquired all software code and intellectual property previously owned by Telescript West. ...
16/12/2025
As cable operators face increased competition from 5G fixed wireless access providers, a new report from Ookla Research finds that T-Mobile is the FWA speed lea...
16/12/2025
Apple has announced a major upgrade to the Apple TV app for device owners outside the Apple ecosystem with news that the Apple TV app for Android now supports G...
16/12/2025
Space42 grows Direct-to-Device partner ecosystem through a Memorandum of Underst...
16/12/2025
16 Dec 2025
VEON Announces Release Date for Full Year and Fourth Quarter 2025 R...
16/12/2025
16 Dec 2025
VEON's Kyivstar Invests in Renewable Energy in Ukraine with Acq...
16/12/2025
Back to All News
Emma Appleton, Fares Fares, Frida Gustavsson and Jakob Oftebro...
16/12/2025
Back to All News
Docu-reality My Korean Boyfriend Gets a Trailer and Premiere D...
16/12/2025
Harmonic's XOS Advanced Media Processor Improves Streaming Video Quality and Boosts Viewer Engagement SAN JOSE, Calif. - Dec. 16, 2025 - Harmonic (NASDAQ: ...
16/12/2025
RT Sport Awards 2025 live on RT One and RT Player at 8:05pm on Saturday 20 December.
On Saturday 20 December live on RT One and RT Player at the earlier t...
16/12/2025
Singer -songwriter Brian Kennedy has been announced as the final celebrity dance...
15/12/2025
Harlem Globetrotters Celebrate 100th Anniversary With New Brand Campaign From Th...
15/12/2025
Top L-R: La Tierra Del Valor (The Home of the Brave), Mangittatuarjuk (The Gnawe...
15/12/2025
L3Harris will leverage 15 years of experience supporting the E-4B Nightwatch and...
15/12/2025
CONWAY, Ark. In a notable example of how the loss of federal funding is forcing public stations to make massive cuts and operational changes, the statewide pub...
15/12/2025
BOULDER, Colo. Public Media Venture Group (PMVG), Venture Technologies Group (VTG), and WQED have completed a multipart agreement that they say will significant...
15/12/2025
Cape Town, November 13, 2025 - SES and International artist and humanitarian, Fo...
15/12/2025
Luxembourg, December 15, 2025 - SES, a leading space solutions company, and Abra Group launched fast and reliable multi-orbit inflight connectivity service on t...
15/12/2025
How Rivian s Design Puts Drivers First-And Why That Matters Published on Dec 15, 2025 Categories: Business Solutions
LinkedIn Corporate Communications
Sha...
15/12/2025
Space42 and Cobham Satcom completed the full range of advanced terminals for the...
15/12/2025
15 Dec 2025
VEON's Beeline Kazakhstan Delivers First Starlink Direct to Cel...
15/12/2025
Andrew Mountbatten-Windsor finds himself the topic of year's cracker jokes
Oasis, David Harbour, Celebrity Traitors and Angela Rayner all feature in this y...
15/12/2025
Comscore Expands Cross-Platform Campaign Measurement to Include Audio and Social New capabilities strengthen cross-platform campaign reporting suite; CCR rebran...
15/12/2025
NVIDIA today announced it has acquired SchedMD - the leading developer of Slurm, an open-source workload management system for high-performance computing (HPC) ...
15/12/2025
RT .ie has reached one billion page views this year and is on track to finish 2025 2% ahead of last year. Average time spent on the site is up 3% on 2024, with ...
15/12/2025
Modern workflows showcase the endless possibilities of generative and agentic AI on PCs.
Of many, some examples include tuning a chatbot to handle product-supp...
13/12/2025
Powering Client Growth: Horizon Deepens Nielsen Partnership, Enabling More Effic...
13/12/2025
In a move that will help it offer more flexible and less costly programming options, YouTube TV has announced that it will be launching YouTube TV Plans with mo...
13/12/2025
SINGAPORE Magna Systems has designed, built and completed what is believed to be the first full UHD and IP-based OB truck in Southeast Asia for a Singapore medi...
12/12/2025
SVG Summit 2025 Preview: Everything You Need to Know for Next Week's Big Sho...
12/12/2025
Hailey Gates at the Atropia premiere (photo by George Pimentel / Shutterstock for Sundance Film Festival)...
12/12/2025
Last month, Spotify announced a new collaboration with the ATP Tour, the global governing body of men's professional tennis, aimed at bringing the next gene...
12/12/2025
CONWAY, Ark. In a notable example of how the elimination of Federal federal funding is forcing public stations to make massive cuts and changes in the way they...
12/12/2025
Wisycom and DPA Microphones announce the appointment of Ren Moerch as Group Product Director, Wireless, a strategic leadership role that will guide the combine...
Fourth quarter 
