IAR Systems Group AB (publ) Interim Report Jan-Jun 2014

Growth of 12% and operating profit up by 65%

Operating margin of 20.3% (13.7%). EBITDA margin of 24.2% (17.3%)

January – June 2014

  • Net sales of SEK 124.7m (113.8)
  • EBITDA of SEK 28.9m (20.1)
  • Operating profit of SEK 24.1m (15.8)
  • Profit before tax of SEK 24.5m (15.9)
  • Cash flow from operating activities of SEK 30.5m (12.9)
  • Net cash at the end of the quarter was SEK 39.4m (30.3)
  • EBITDA margin of 23.2% (17.7)
  • Operating margin of 19.3% (13.9)
  • Earnings per share after current tax amounted to SEK 1.85 (1.20)
  • Earnings per share of SEK 1.46 (1.05) before dilution and SEK 1.46 (0.97) after dilution

April – June 2014

  • Net sales of SEK 62.7m (56.1)
  • EBITDA of SEK 15.2m (9.7)
  • Operating profit of SEK 12.7m (7.7)
  • Profit before tax of SEK 12.9m (7.8)
  • EBITDA margin of 24.2% (17.3)
  • Operating margin of 20.3% (13.7)
  • Earnings per share after current tax amounted to SEK 0.98 (0.55)
  • Earnings per share of SEK 0.77 (0.53) before dilution and SEK 0.77 (0.49) after dilution

Key events during the period

  • Launch of C-RUN add-on product for runtime analysis of developed code and delivery of C-RUN for ARM processors
  • The new issue of 287,500 class B shares (of which 55,500 are under registration) through the exercise of
    subscription warrants provided the company with proceeds of SEK 9.8m
  • Through a redemption program during Q2, SEK 62.7m has been transferred to the shareholders.

Stefan Skarin, CEO, IAR Systems Group AB
email stefan.skarin@iar.com

AR Systems is the world’s leading independent provider of software for programming of processors in embedded systems*. The software is used by around 46,000 customers to develop products based on 8-, 16- and 32-bit processors, mainly in the areas of industrial automation, medical devices, consumer electronics and the automotive industry. IaR Systems has a powerful ecosystem of partners that include the world’s leading semiconductor vendors. IAR Systems Group AB is listed on NASDAQ OMX Stockholm, Small cap.

About Us

Our customers build products of today and technology for future innovations. We are proud to be part of that. IAR Systems is the world’s leading independent provider of software for programming of processors in embedded systems. IAR Systems’ software is used by many of the world’s largest corporations, as well as thousands of small and medium-sized companies, mainly operating in industrial automation, medical technology, telecommunications, consumer electronics and the automotive industry. IAR Systems Group AB is listed on the Mid Cap list of Nasdaq Stockholm.

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