INTERIM REPORT JANUARY - MARCH 2011

Strong growth and continued strong margin for hiq

January- march 2011

  • Net sales of SEK 326.1 (273.6) million, an increase of 19 percent from last year
  • Operating profit (EBIT) of SEK 49.1 (40.5) million, operating margin of 15.1 percent
  • Pre-tax profit of SEK 49.5 (39.7) million
  • Profit after tax of SEK 36.3 (28.4) million
  • Earnings per share of SEK 0.69 (0.55)
  • Cash flow from operations of SEK 29.7 (12.1) million
  • Liquid assets of SEK 191.2 million
  • The Board proposes to the Annual General Meeting that SEK 1.80 per share, totalling around SEK 94 million, is distributed to the shareholders through a split and compulsory redemption procedure

Significant events during the first quarter 2011

  • HiQ develops a trading platform for one of the biggest investment banks in the world

  • HiQ signs a one-year framework agreement with ICA with an option to extend this annually

  • HiQ delivers an IP-TV portal for Dreampark AB

  • HiQ signs a new four-year framework agreement with the Finnish Agency for Rural Affairs and its purchasing parties   

  • HiQ wins a prize for Finland’s best IT project in 2010 for a project commissioned by international recycling company Kuusakoski; the prize is awarded in March

  • HiQ implements the campaign “Go, go, go” with Channel Q and Twitter following behind the scenes as skiers Anja Pärson and Tanja Poutiainen compete in the world championships and motorsport star Richard Göransson takes on the Swedish Rally

  • HiQ’s partner Janette Hargin wins the Freeride World Tour and is named the best female freerider in the world

For further information, please contact:
Lars Stugemo, President and CEO of HiQ
tel: +46 (0)8-588 90 000

Fredrik Malm, CFO and Head of IR at HiQ
tel. +46 (0)8-588 90 034, +46 (0)704‑200 017

HiQ International AB (publ) company reg. no. 556529-3205
Mäster Samuelsgatan 17, 9th Floor
Box 7421
SE-103 91 STOCKHOLM
tel: +46 (0)8-588 90 000
fax: 08-588 90 001
www.hiq.se

Stockholm, 28 April 2011

The Board of HiQ International AB

This report has not been reviewed by the company’s auditors.

HiQ discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. This report was released for publication at 07:30 CET on 28 April 2011.

About Us

HiQ helps to make the world a better place by making people’s lives simpler through technology and communication. We are the perfect partner for everyone eager to achieve results that make a difference in a digital world. Founded in 1995, HiQ has 1,600 specialists in four countries and is listed on the Nasdaq Stockholm Mid Cap list. For more information and inspiration, please visit www.hiq.se.

Subscribe

Documents & Links