Sony Pixel Power calrec Sony

Year-end report 2021, January - December


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.


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
See more stories from hms

Most recent headlines


Game better with DTS Headphone:X

The best gamers know DTS Headphone:X technology ups their play. Now major magazines have caught on, too. DTS Headphone:X technology creates immersive soundsc...


World Broadcasting Unions Updates Cybersecurity Recommendations

TORONTO At a time when broadcasters are facing increased security risks, the World Broadcasting Unions (WBU) has issued updated cybersecurity recommendations fo...


SCTE Cable-Tec Expo 2022 Unveils Programming Plans

EXTON, Penn. The Society of Cable Telecommunications Engineers (SCTE) has unveiled some of the key content themes for Cable-Tec Expo 2022, chaired this year by ...


Cloud-Based Gaming Could Dramatically Boost Broadband Usage

NEW YORK New forecasts from Kagan, the media research unit of S&P Global Market Intelligence, suggest that the ongoing move from console gaming to cloud-based g...


Can You Write an Uplifting Song About the Climate Crisis?

Can You Write an Uplifting Song About the Climate Crisis? Student Zitong (Selina) Zhang talks about the inspiration behind her new song Life, a meditation o...


Late Night Mash returns to Dave with new host Rachel Parris

20th May 2022 UKTV today announces that Late Night Mash (9x60) will return to Dave for a new series of topical comedy later this year, with new host Rachel Parr...


To Fly or Not to Fly, That's Not the Question

-- By Stephanie Ornelas No question, drones are impacting the way many filmmakers approach cinematography today. Whether in television, biopics, documentar...


Ten 2022 Sundance Films Available to Stream Now

-- By Stephanie Ornelas Streaming services have become one of the most popular ways to watch films. The convenience and flexibility that streaming offers,...


Local Artists Help Santiago, Chile, Solidify Its Status as Spotify's Streaming Capital of Reggaetn'

Since 2018, Chile's capital, Santiago, has led the world when it comes to re...


K-Pop Fans Can Now Blend With Some of Their Favorite Groups on Spotify

K-Pop fans, Spotify has a listening experience that will let you connect with your favorite bands in a new way. Through Spotify's Blend feature, you can sin...


The War in Ukraine: How One GoPro Creator-Turned-Humanitarian Dropped Everything to Aid Refugee Efforts

Tragedy is often accompanied by triumph, on scales both big and small. As the wo...


Dish to Market AT&T Internet Services

DALLAS AT&T and Dish have announced an internet distribution agreement that will allow Dish to offer AT&T Internet services, including AT&T Fiber with Hyper-Gig...


Cannes Film Festival Hosting Virtual Production Space

CANNES The 75th edition of the Cannes Film Festival is for the very first time hosting a virtual production space, a development that marks a new milestone in t...


NTT to Power Enhanced Experience for Indianapolis 500 and INDYCAR

INDIANAPOLIS NTT and Penske Entertainment have announced that they will be providing an enhanced, more immersive experience for INDYCAR fans in time for the 106...


Paramount Upfront Taps 60 Minutes Correspondents To Talk Up Company

The Paramount upfront presentation at Carnegie Hall largely focused on its new streaming platform, but it was a broadcast staple that offered the event its them...


Streaming Rises, With Viewing Shifting to Big Screens From Connected Devices

Streaming grew 10% globally in the first quarter, with consumption continuing to shaft to big screens, particularly smart TVs, according to a new report from Co...


Nielsen Adds More Streaming Devices To Deduplicated Digital Ad Ratings

Nielsen said it is now including more streaming devices and providers in its deduplicated connected TV viewing measured by its Digital Ad Ratings....


Streaming's Share of TV Viewing Rises to Record 30.4%: Nielsen

Streaming's share of television viewing rose to a record 30.4% in April from 29.7% in March, Nielsen said....


The CW Reveals Fall Schedule

The CW has released its fall schedule, with new shows The Winchesters, Professionals and Walker Independence, among others, in the lineup for the first time....


Viamedia Launches Parity Ads Platform Synching Linear and CTV Commercials

Viamedia, an independent ad company serving local cable operators, said it launched its Parity Ads Platform, which simultaneously inserts regionally targeted ad...


Andrew Schneider Named President of Genvid Entertainment

Digital entertainment and games executive Andrew Schneider was named president of Genvid Entertainment and CMO of its parent company Genvid Holdings....


The CW Marks Juneteenth With The Black Pack' and Brandon Leake Special

The CW will air The Black Pack: Excellence, a special celebrating Black excellence, the network said, and commemorating Juneteenth, Sunday, June 19. The CW wi...


Comcast Launches AsianCrush Channel from Cinedigm's DMR

Cinedigm's Digital Rights Management unit said its AsianCrush unit has been launched on Comcast platforms including Xfinity X1, Xfinity Flex and XClass TV....


The CW Stresses One-Brand Approach at Upfront Event

The CW presentation began with a bang, as Stevie Wonder opened things up. Wonder slid in a few CW is the way! calls during Superstition , then gave way to Ma...


Mo-Sys signs Korean distribution deal with GMS International

By TVBEurope Staff Published: May 20, 2022 Mo-Sys Engineering has signed a distribution partnership with South Korean dealer GMS International. The agreemen...


Is sports broadcasting becoming too commercial?

John Griffiths, chief commercial officer at Spicy Mango, takes a look at the sports broadcasting landscape and why segmented subscriptions are likely to be the ...


MediaKind CEO: You must be driven to tackle and solve new challenges

MediaKind CEO Allen Broome talks exclusively to TVBEurope about his nerve-wracking introduction to the industry, and the democratisation of video By TVBEurope ...


Nielsen: Streaming Hits Record Levels, Accounts for 30% of TV Viewing

NEW YORK Nielsen's The Gauge is reporting that streaming reached another record high in April, capturing 30.4% of total TV viewing and surpassing its previo...


Prime Video Has Invested 1 Billion on TV, Movies, and Live Sport in the U.K.

LONDON Amazon's Prime Video has announced that it has invested more than 1 billion ($1.25 billion) in the U.K. on TV programming, movies, and live sport si...


Mario Lopez to Host NAB's Celebration of Service to America Awards

WASHINGTON D.C. The National Association of Broadcasters Leadership Foundation (NABLF) has announced that renowned actor and television personality Mario Lopez ...


Viamedia Launches Parity ADS Platform

NEW YORK The cross-media local advertising company Viamedia has launched its new Parity ADS Platform....


Pixelogic To Acquire Juice Media

BURBANK, Calif. The content localization and distribution services provider Pixelogic has announced that it has reached an agreement to acquire Korean dubbing s...


RT secures rights to Republic of Ireland UEFA Nations League games for 2022

Six games live across RT including Republic of Ireland v Ukraine On tonight's Late Late Show special celebrating one hundred years of Irish football, RT...


What is Extended Reality?

Advances in extended reality have already changed the way we work, live and play, and it's just getting started. Extended reality, or XR, is an umbrella ca...


Behind the Mic: Dan Orlovsky Joins ESPN's No. 2 Commentary Team for Monday Night Football; NBC Sports, Drew Brees Agree to Part Ways

Behind the Mic: Dan Orlovsky Joins ESPN's No. 2 Commentary Team for Monday N...


FCC Denies Wireless-Microphone Makers' Plea for Vacant Spectrum Availability

FCC Denies Wireless-Microphone Makers' Plea for Vacant Spectrum Availability The action also spotlights new WMAS spectrum-efficient wireless technology By...


MLB, ESPN Take Player-Miking to a New Level

MLB, ESPN Take Player-Miking to a New Level Ballplayers on the field are happy to share what's on their minds By Dan Daley, Audio Editor Friday, May 20,...


PBR Caps Epic Season With World Finals in Fort Worth, Preps for Inaugural Team Series in July

PBR Caps Epic Season With World Finals in Fort Worth, Preps for Inaugural Team S...


The Queen's Platinum Jubilee on Sky News

Sky News has announced its coverage plans for The Queen's Platinum Jubilee, when the country will come together to celebrate 70 years of service by Her Maje...


Mirror Mirror' (2022), a parallel universe created by Antaviana VFX & Postproduction and post-produced in Mistika Ultima

Published On: May 20th, 2022 -- -- -- -- data-orig-src=https://www.sgo...



Overnight in Turin, Italy, Sheldon took to the stage to perform his emotive and powerful Eurovision song Not The Same, wowing the crowd in the arena, the worldw...


Nokia Corporation: Repurchase of own shares on 20.05.2022

Nokia Corporation: Repurchase of own shares on 20.05.2022 Nokia Corporation Stock Exchange Release 20 May 2022 at 21:00 EEST Nokia Corporation: Repurchase...


Fares Fares Makes His Directorial Debut With A Day and A Half for Netflix

Back to All News Fares Fares Makes His Directorial Debut With A Day and A Half for Netflix Entertainment 20 May 2022 GlobalSweden ** Group photo and indivi...


'Heartstopper' Will Return to Netflix with a Second and Third Season

Back to All News Heartstopper Will Return to Netflix with a Second and Third Season Entertainment 20 May 2022 GlobalUnited Kingdom (Great Britain) Netflix ...


Amazon Prime Video commissions true crime series from ITN Productions

Amazon Prime Video has commissioned ITN Productions to produce a new true crime series looking at the incredible story of a missing persons case which turned in...


Working together to build primary school children's soft skills

News | May 20 2022 Working together to build primary school children's soft skills A new generation had fun learning about working together when volunte...


Banijay Brands Unveils Slate for Licensing Expo

Banijay Brands, in collaboration with Endemol Shine North America, will be attending Licensing Expo on 24-26 May in Las Vegas, showcasing its diverse portfolio ...


Studio One's FM Synthesizer

On the surface, Mai Tai is an easy-to-program, fine-sounding virtual analog subtractive synthesizer. But let's dig deeper-and unlock its unique FM synthesis...


From Cloud to Car: How NIO Develops Intelligent Vehicles on NVIDIA HGX

Building next-generation intelligent vehicles requires an AI infrastructure that pushes the cutting edge. Electric vehicle maker NIO is using NVIDIA HGX to bui...