STRONG CASH FLOW IN FIRST QUARTER
Net sales in the first quarter 2013 amounts to SEK 340.4 (379.4) million and operating profit (EBIT) to SEK 34.4 (62.9) million, an operating margin of 10.1 percent. In April the Annual General Meeting approved a SEK 2.40 per share dividend, totalling approximately SEK 127 million.
“The description of the market is much the same as when we rounded off 2012, with longer decision-making processes and shorter planning periods,” says Lars Stugemo, President and CEO of HiQ. “Although the market is more demanding, it isn’t stagnating; it just means that we have to work smarter and better. We see that as a worthy challenge.”
HiQ’s projects focus on simplifying people’s lives. During the start of 2013 HiQ is signing framework agreements with Volvo Cars relating to e-learning, and with Ascom Wireless Solutions, specialists in wireless communication in healthcare. Together with Doro, HiQ is working on the challenge of simplifying technology for seniors. HiQ also created the website and mobile application for the European Athletics Indoor Championships. HiQ works in more than ten different market segments, from media and entertainment to the automotive industry, telecom and finance, to name but a few. IT’s emergence as a business-critical part of all segments represents an exciting development, and opens up new opportunities that did not exist just a few years ago.
“We’re looking forward to continuing to be a leading player in mobility, digitisation and the Internet of Everything, where all devices are connected. These are areas that we know inside out, areas that almost all operations can benefit from developing and using, and areas in which we will continue to make a contribution to our clients’ business – irrespective of the economic climate,” Stugemo concludes.
HiQ’s President and CEO Lars Stugemo presents the first-quarter report today, Tuesday 23 April at 09:00 CET, at HiQ’s head office (Regeringsgatan 20) in Stockholm. The report can also be ordered by phone (+46 8 588 90 000) or downloaded from www.hiq.se.
The information is such as HiQ is required to make public according to the Securities Market Act and/or the Financial Instruments Trading Act. This report was released for publication at 07:30 CET on 23 April 2013.
For more information, please contact:
Lars Stugemo, President and CEO, HiQ. Ph. +46 8 588 90 000
Laura Manninen, acting Head of Communications, HiQ. Ph. +46 8 588 90 000 or +46 734 48 13 17
HiQ simplifies and improves using hi-tech solutions within communications and software development. The company is a leader in these areas and has the Nordic region as its home market. HiQ employs more than 1,300 staff and has offices both in the Nordic countries and in Russia. HiQ is listed on the NASDAQ OMX Stockholm Mid Cap List. For more information, please visit www.hiq.se