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INTERIM REPORT JANUARY – MARCH 2016

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RECORD IN NET SALES AND SHAREHOLDERS’ DIVIDEND

JANUARY – MARCH 2016

  • Net sales total SEK 404.1 (391.3) million
  • Operating profit (EBIT) is SEK 43.1 (46.1) million after a one-time effect following settlement of SEK 1.9 million, which is equivalent to an operating margin of 10.7 per cent
  • Pre-tax profit of SEK 43.2 (45.9) million
  • Profit after tax of SEK 33.3 (35.7) million
  • Earnings per share of SEK 0.62 (0.67)
  • Cash flow from operations of SEK 35.4 (26.1) million
  • Liquid assets of SEK 246.1 (204.3) million

SIGNIFICANT EVENTS DURING THE FIRST QUARTER

  • HiQ helps the Swedish Transport Administration to simplify travel for visually impaired people, by developing the new service “Tågprator”
  • HiQ develops and launches the service “Tidning för alla” (“Newspapers for everyone”) that makes news websites and articles accessible for those with reading disabilities, for example around 100,000 visually impaired people in Sweden
  • HiQ wins the assignment to develop Diabetes Tools’ digital platforms, which simplify everyday life for diabetes patients and their families  
  • HiQ and Autoliv launch a unique Autonomous Drive Program, with the joint aim to employ 30 engineers with a focus on self-driving cars
  • The Annual General Meeting on 22 March elects Gunnel Duveblad as new chair of the Board of HiQ. Gunnel Duveblad has many years’ experience from the IT industry and has been a member of the board of HiQ since 2007
  • The Annual General Meeting decides on a shareholders’ dividend of SEK 2.90 per share, totalling approximately SEK 156 million, through a split and mandatory redemption programme
  • HiQ chooses to settle with the bankruptcy estate for Saab Automobile, which leads to a negative impact of SEK 1.9 million on the company’s result
  • HiQ is nominated for the prestigious award “Developer of the Year” at the Swedish Mobile Awards
  • HiQ is named one of Sweden’s Career Companies for the second year in a row

SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD

  • HiQ develops Finland’s most comprehensive mobile clinic for healthcare company Diacor
  • HiQ helps Västtrafik with the areas of digital presence and customer experience – in April Västtrafik’s new service “Västtrafik to go” is launched, moving your ticket into your mobile
  • HiQ provides Volvofinans Bank with both strategic and technical know-how, in the development of the new service CarPay, that simplifies everyday life for nearly 1 million car owners  

FOR FURTHER INFORMATION, PLEASE CONTACT:
Lars Stugemo, President and CEO of HiQ, tel. +46 (0)8-588 90 000
Jenny Normark Sperens, Head of Corporate Communications, HiQ, tel. +46 (0)734-431 007

      
This information is such as HiQ is required to make public according to the Swedish Securities Act and/or the Swedish Financial Instruments Trading Act. This report was released for publication at 07:30 CET on 25 April 2016.

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 more than 1,400 specialists in four countries and is listed on the Nasdaq Stockholm Mid Cap List. For more information and inspiration, visit www.hiq.se


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HiQ Q1 2016

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