INTERIM REPORT JANUARY – SEPTEMBER 2009

Strong market position and strong financial position

January – September 2009 • Net sales amount to SEK 778.9 (862.1) million • Operating profit (EBIT) amounts to SEK 99.6 (143.4) million, an operating margin of 12.8 (16.6) percent • Pre-tax profit amounts to SEK 99.0 (145.8) million • Profit after tax amounts to SEK 71.9 (104.5) million • Earnings per share amount to SEK 1.39 (2.05) • Cash flow from operations amounts to SEK 82,2 (111.0) million July – September 2009 • Net sales amount to SEK 208.7 (266.7) million • Operating profit (EBIT) amounts to SEK 21.0 (45.6) million, an operating margin of 10.1 (17.1) percent • Pre-tax profit amounts to SEK 20.9 (46.1) million • Profit after tax amounts to SEK 14.8 (32.8) million • Earnings per share amount to SEK 0.29 (0.63) Significant events during the period • HiQ named ‘IT Consultant of the Year 2009’ in Veckans Affärer’s survey. • HiQ invested in expansion in the Mälaren Valley and established operations in Västerås. • HiQ signed a new two-year framework agreement with SEB for services within systems development, quality assurance, project management and business development. • HiQ signed a comprehensive new framework agreement with Volvo Cars. • HiQ signed a new framework agreement in the area of IS/IT with one of the world’s leading telecoms suppliers. • HiQ won a significant infotainment order for Volvo Cars. • HiQ formed a new business area, HiQ Öresund, which incorporates the subsidiaries HiQ Skåne and HiQ Copenhagen, head of the new business area is Jon Carvell. • HiQ has been ranked one of Sweden’s ten most attractive employers within IT, and the no 1 among IT-services companies, in Universum Communications yearly survey. 2009 in brief HiQ is performing well in 2009, with strong cash flow and a very good financial position despite the economic downturn. Net sales amounted to SEK 778.9 million and operating profit to SEK 99.6 million, a margin of 12.8 percent. Cash flow from operations amounted to SEK 82.2 million. The economic downturn is affecting both us and our clients. For seasonal reasons the third quarter is generally weaker, and this effect is amplified in a recession. During the period HiQ developed well in the Mälaren Valley, in Gothenburg and in Finland. In Gothenburg HiQ strengthened its position substantially during the year, particularly within the telecoms- and automotive industries. In Stockholm HiQ was affected by a more pronounced seasonal effect than usual. In Skåne the sector has been impacted by restructuring among telecoms suppliers, but HiQ has continued to perform well in the current market. In Denmark the market position remains very challenging. The formation of HiQ Öresund provides HiQ with a good platform for increased cooperation across the Sound, and thus a stronger offering to HiQ’s clients in the region. HiQ enjoys good demand for services in areas such as IT management, which aims to streamline client processes using IT support. Other areas in which HiQ is seeing good demand and great development potential include the development of systems and solutions in the media and entertainment segments as well as multimedia. In 2009 HiQ has intensified its efforts in respect of the IS/IT market, i.e. business-critical IT systems used to support the client’s organisation. As an important part of this initiative, in the third quarter HiQ announced a framework agreement in the area of IS/IT with one of the world’s leading telecoms suppliers. Further examples of framework agreements signed in 2009 include those with SEB, Volvo Cars, SKI (the Danish public sector procurement organisation) and Ascom Sweden. Large organisations looking to streamline and rationalise their operations are trying to reduce the number of suppliers they use and to strengthen their partnership with a few quality suppliers instead. All in all, this is creating opportunities for HiQ to win new business and further strengthen its market position. HiQ is continuing to work on developing its offering in order to become even more competitive. At the same time, we continue to work on fine-tuning and adapting operations to ensure high efficiency, good profitability and thus increased freedom to act. HiQ was named ‘IT Consultant of the Year 2009’ in the magazine Veckans Affärer’s annual survey of buyers of consulting services. This is the third year in succession that HiQ has been top ranked. Those taking part in the survey are asked to assess their suppliers as regards confidence, customer orientation, expertise and results – areas that have always had high priority for HiQ. Also, HiQ was ranked in the top among Sweden’s best employers in Universum Communications yearly survey. HiQ works with clients in around ten industries, including Veikkaus, Nokia, Ericsson, the Swedish National Tax Board, SEB, Tekes (the National Technology Agency of Finland), Tele2 and Volvo. HiQ developed very well within Defence, the Public Sector and Industry during the period. HiQ offers a flexible delivery model with a customised offering. One element of this delivery model is the use of HiQ’s development centre in Russia. The Russian operations enable HiQ to offer expertise in systems development and quality assurance to sectors such as finance, telecoms and gaming & entertainment. During the third quarter demand for HiQs Near Shore offering has increased. For further information, please contact: Lars Stugemo, President and CEO, HiQ tel. +46 (0)8-588 90 000 Annika Billberg, Head of Corporate Communications and Investor Relations, HiQ tel. +46 (0)8-588 90 015, +46 (0)704 200 103 HiQ International AB (publ) company registration no. 556529 -3205 Mäster Samuelsgatan 17, 9th Floor Box 7421 SE-103 91 STOCKHOLM tel.: +46 (0)8-588 90 000 fax: +46 (0)8-588 90 001 www.hiq.se

About Us

HiQ helps to make the world a better place by making people’s lives simpler through technology, design 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 six countries and is listed on the Nasdaq Stockholm Mid Cap list. For more information and inspiration, please visit www.hiq.se.

Subscribe

Documents & Links