STRONG FIRST HALF-YEAR FOR HiQ
Net sales for the period January - June increases with 9.1 per cent to a total of SEK 923.9 (846.9) million. Operating profit (EBIT) for the first half of the year increases with 8.6 per cent to SEK 113.5 (104.5) million corresponding to an operating margin of 12.3 percent. Second-quarter sales total SEK 454.3 (442.8) million. Operating profit (EBIT) for the second quarter is SEK 48.0 (61.4) million corresponding to an operating margin of 10.6 per cent. Liquid assets at the end of June total SEK 163.9 million.
“We make a good start to the year with sales figures and profits for the first six months that are higher than ever before. We are now also more co-workers than ever before that help our clients with innovative solutions that simplify and improve. Obviously, it feels good” says Lars Stugemo, President and CEO of HiQ.
Today, HiQ has a clear and strong position in the market. We offer our clients a complete partnership in R&D, IT, digitisation and communication. Together we create smart solutions that make a difference. This is the case when we for example help payment company Bambora. Together we are building the cashless society. HiQ also wins the assignment to make a pre-study for mobile payments in Dubai. Another example is when we together with Husqvarna, create Battery Box, that with help of technology makes it easy to rent tools when you need them.
“We at HiQ, and our clients have a driving force to constantly develop ourselves. We now number more than 1,600 co-workers who, with the right skills and an attitude rooted in our corporate values – results, responsibility, simplicity and joy – can make a real difference. With the best team in the industry, an impressive portfolio of clients and strong finances, HiQ is equipped to remain a leading player in the market well into the future,” Lars Stugemo concludes.
HiQ President & CEO, Lars Stugemo, presents the company’s interim report today, Tuesday 18 July, at 09:00 (CET) at HiQ’s Stockholm office (address: Regeringsgatan 20).
The report can be ordered by phoning +46 8-588 90 000 or downloaded from www.hiq.se.
For more information, please contact:
Lars Stugemo, President & CEO HiQ. Tel. +46 8-588 90 000
Erik Ridman, Head of Communications, HiQ. Tel. +46 70-7508060
This information is information that HiQ International AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person above, at 07.30 CET on 18 July 2017.
HiQ helps to make the world a better place by using technology and communication solutions to make people’s lives simpler and better.
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 1,600 specialists in four countries and is listed on the Nasdaq Stockholm Mid Cap list. For more information and inspiration, please visit www.hiq.se