RECORD YEAR FOR HIQ
Net sales for 2011 increases to SEK 1,293.5 (1,108.4) million and operating profit (EBIT) increases to SEK 184.3 (156.0) million. The operating margin of 2011 is 14.3 percent. Liquid assets amount to SEK 190.5 (163.5) million. Net sales in the fourth quarter increases to SEK 369.6 (313.8) million and operating profit (EBIT) to SEK 60.6 (47.6) million. The operating margin of the fourth quarter amounts to 16.4 percent. The Board is proposing to the Annual General Meeting that SEK 2.20 per share, totalling SEK 116 million, is distributed to the shareholders through a split and compulsory redemption procedure.
“2011 has been a record year for HiQ. I am proud of the result and to work with innovative and forward-looking clients as well as to work with committed and clever employees at HiQ”, says Lars Stugemo, President and CEO of HiQ.
“In 2011 vi break records in net sales and amount of employees. The last quarter of the year is a record in terms of net sales and profit”, Lars Stugemo continues.
HiQ simplifies people’s daily lives. We help our clients to use technology, business and management expertise to simplify and improve their operations. 2011 was the year when the mobile lifestyle broke through. HiQ adapts media content for mobile units and we develop mobile banking solutions for smartphones and tablets. Our consumer behavior changes as technology develops, which makes shopping online booming.
“HiQ is further reinforcing its position as a Nordic IT and management consultancy. We work closely with our innovative, forward-looking clients in order to increase the business benefit in assignments. IT is becoming increasingly business-critical and by using technology to simplify things, we are helping to create a society in which people’s lives are made easier. HiQ has a strong balance sheet and is well positioned for the future,” concludes Lars Stugemo.
HiQ’s President and CEO Lars Stugemo presents the report at 9:00 a.m. today, Tuesday 31 January, at HiQ’s 9th floor offices at Regeringsgatan 20 in Stockholm.
The report can be requested by telephoning +46 8 588 90 000 or downloaded from www.hiq.se
HiQ discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act . This release was sent out for publication at 07:30 CET on 31 January 2012.
For further information, please contact:
Lars Stugemo, President and CEO HiQ, tel.: +46 8 588 90 000
Peter L Häggström, Head of Marketing and Corporate Communications, tel.: +46 8 588 90 000, +46 704 200 103
HiQ is an IT and management consultancy company focusing on high-tech solutions in the fields of communications and software development. The company is a leading player in these fields and the Nordic region is its domestic market. HiQ employs close to 1,300 people at offices in the Nordic region and Russia. HiQ is listed on the NASDAQ OMX Stockholm Mid Cap. For more information, please visit www.hiq.se.