Mission Statement, Vision, & Core Values (2025) of HMS Networks AB (publ).

An Overview of HMS Networks AB (publ)

General Summary of HMS Networks AB (publ)

HMS Networks AB, founded in 1988, is a Swedish company specializing in industrial communication technology. The company develops products that enable connectivity between automation devices in various industries, including manufacturing, energy, and building automation. Its flagship product lines include Anybus, IXXAT, and eWON, which provide solutions for industrial Ethernet and remote access.

As of 2024, HMS Networks has reported total sales of approximately SEK 1.8 billion (Swedish Krona), marking significant growth compared to previous years. The company has a strong presence in over 50 countries and serves a diverse customer base, emphasizing its global reach and industry adaptability.

Company's Financial Performance in the Latest Financial Reports

In the latest quarterly report for Q1 2024, HMS Networks recorded a record-breaking revenue of SEK 500 million, showcasing a robust year-over-year growth of 25%. The growth was primarily driven by their main product lines: Anybus and eWON, which accounted for approximately 70% of total sales.

The company has also highlighted an increase in market share in key regions, particularly in North America and Asia, where sales grew by 30% and 35%, respectively. The following table summarizes HMS Networks' financial performance for the first quarter of 2024:

Introduction to HMS Networks as an Industry Leader

HMS Networks has established itself as one of the leading companies in industrial communication technology, recognized for its innovative products and strong customer focus. The company consistently invests in research and development, which has contributed to numerous advancements in connectivity solutions.

The company’s strategic partnerships and collaborations with key industry players have further solidified its market position. Companies looking for reliable and scalable communication solutions often turn to HMS Networks, making it a trusted name in the industry. To discover more about HMS Networks’ success and offerings, further exploration is encouraged.

Mission Statement of HMS Networks AB (publ)

Mission Statement Overview

HMS Networks AB (publ) has a clearly articulated mission statement that emphasizes its commitment to providing quality industrial communication technology. The mission statement is crucial in aligning the company's strategic goals and operational initiatives. It serves as a guiding star for employees, informing them on how to contribute to the organization’s overarching objectives.

Core Component 1: Quality Products

One of the primary components of HMS Networks’ mission statement is the commitment to delivering high-quality products. As of 2024, the company reported an impressive revenue of SEK 1.5 billion, with a consistent year-on-year growth rate of 12%. This commitment is evidenced through their extensive portfolio featuring over 1,700 products that cater to various sectors, including manufacturing and automation.

Core Component 2: Innovative Solutions

HMS Networks prides itself on innovation as a vital aspect of its mission statement. The company allocates around 10% of its revenue to research and development initiatives. In 2023, HMS launched several new products, contributing to a 25% increase in demand for their technology solutions. This emphasis on innovation is essential in maintaining their competitive edge in the rapidly evolving industrial tech landscape.

Core Component 3: Customer Satisfaction

Another significant aspect of HMS's mission statement revolves around ensuring customer satisfaction. The company's net promoter score (NPS) stands at 78, indicating a high level of customer loyalty and satisfaction. HMS Networks actively engages with customers through feedback mechanisms, enhancing their service offerings based on direct input. In 2023, they achieved a 95% customer retention rate, reinforcing their pledge to prioritize client relationships.

Vision Statement of HMS Networks AB (publ)

Vision Statement Overview

The vision statement of HMS Networks AB (publ) underscores the company's ambition to be the leading provider of solutions for industrial communication and IoT. HMS aims to achieve this vision by continuously innovating and delivering high-quality products tailored to customer needs.

Focus on Industry Leadership

HMS Networks envisions itself as a pioneer in the industrial communication segment, leveraging advanced technologies to enhance connectivity in factories. The company's market share in the industrial IoT sector is projected to grow from 20% in 2023 to 25% by 2025.

Innovation and Technology Development

With a strong emphasis on innovation, HMS Networks allocates over 10% of its annual revenue towards research and development. In 2023, this represented an investment of approximately SEK 120 million. The company aims to launch at least 5 new product lines by the end of 2024, expanding its offerings in industrial IoT.

Customer-Centric Approach

HMS Networks aims to enhance customer satisfaction through tailored solutions that meet specific industry requirements. In 2023, the company reported a customer satisfaction rate of 92%, which it strives to increase to 95% by 2024. This is supported by a robust feedback mechanism and regular engagement with clients.

Sustainability Goals

The vision of HMS Networks encompasses a commitment to sustainability and environmentally friendly practices. The company targets a reduction in energy consumption across its operations by 15% by 2025. Currently, HMS has achieved a 10% reduction compared to 2021 levels.

Global Expansion Strategy

HMS Networks is aiming for geographical diversification to enhance its global footprint, with plans to enter at least 2 new markets in Asia and Latin America by 2024. In 2023, HMS generated approximately 30% of its revenues from markets outside Europe, indicating its ongoing global strategy.

Financial Projections

Core Values of HMS Networks AB (publ)

Innovation

Innovation is at the core of HMS Networks AB's operations. The company emphasizes the importance of developing cutting-edge technology that meets the evolving demands of the industrial sector.

In 2023, HMS Networks invested SEK 50 million in research and development initiatives aimed at enhancing its product offerings. A notable example is the introduction of the Anybus Wireless Bolt, which provides robust and reliable wireless communication solutions for industrial devices.

The company's innovation efforts are also highlighted by its partnerships with universities and research institutions, collaborating on projects that explore new technologies such as IoT and AI.

Sustainability

Sustainability is a fundamental value for HMS Networks, driving initiatives that minimize environmental impact while maximizing efficiency.

As part of its sustainability strategy, HMS Networks has committed to reducing its carbon emissions by 30% by 2025. The company has implemented energy-efficient practices in its manufacturing processes, resulting in a 15% decrease in energy consumption in the last fiscal year.

Additionally, HMS Networks promotes the circular economy through its products, which are designed for durability and recyclability. The company has reported that 60% of its product components are recyclable.

Customer Focus

Customer focus is paramount for HMS Networks, reflecting the company's dedication to understanding and meeting client needs.

In a recent customer satisfaction survey, HMS Networks achieved a score of 92% in overall satisfaction, illustrating its commitment to delivering quality products and excellent service.

The launch of the HMS Support Portal in 2023 has significantly enhanced customer support capabilities, providing users with immediate access to technical resources and troubleshooting assistance.

Collaboration

Collaboration is a core value that drives HMS Networks to foster teamwork within the organization and with external partners.

The company has established strategic alliances with key players in the industrial automation sector, resulting in joint development projects that leverage shared expertise. For instance, HMS Networks collaborated with Siemens on the implementation of advanced communication protocols, enhancing interoperability for industrial systems.

Internally, HMS Networks promotes an inclusive work environment, leading to a 25% increase in team project efficiency as reported in 2023 internal assessments.

Integrity

Integrity is foundational to HMS Networks, guiding the company’s actions and business practices.

HMS Networks upholds the highest ethical standards, with a corporate governance framework that includes regular compliance audits. In 2023, the company maintained a 100% compliance rate with internal ethical guidelines.

The company’s transparent reporting practices, including its annual sustainability report, reflect its commitment to integrity and accountability. In the latest report, HMS Networks disclosed detailed metrics on its environmental impact, showcasing a decrease in waste by 20% in the last year.