A STRONG START OF THE YEAR FROM HiQ
Net sales in the first quarter total SEK 469.7 (404.1) million. Operating profit (EBIT) is SEK 65.5 (43.1) million, and the operating margin is 14.0 (10.7) percent. In March the Annual General Meeting approves a dividend of SEK 3.10 per share, corresponding to a total pay-out of approximately SEK 170 million. Cash flow from operations for the period is SEK 60.5 million.
“We begin the year with a record quarter. Our net sales figures are our highest ever and our profit, too, is the best to date. The number of employees is also more than ever. This makes us all at HiQ, very proud and happy,” says Lars Stugemo, President and CEO of HiQ.
Digitalisation continues to make inroads into all aspects of society at an ever-increasing pace. HiQ’s success owes much to our ability to identify the business opportunities that evolve as part of this exciting development.
“In the first quarter we win new clients and strengthen existing collaborations. Making people’s lives simpler and better is high on the agenda. Like for example as we together with Husqvarna develop the world´s first connected tool-shed and the Göra.nu app where we together with Passalen make leisure activities available for all children and young people,” Stugemo adds.
Today, HiQ has the right and relevant position in the market, and we are working at the intersection between technology, people and business to create solutions that make people’s lives better and simpler. To further strengthen our position, we are acquiring the digital development agency Presis, which adds specialist competence to HiQ, together with an extensive portfolio of clients and a culture that harmonises well with that of HiQ.
“I am proud and happy with the results we achieve and to have the best employees in the business and an impressive portfolio of clients. Together with a robust financial position, HiQ is stronger today than ever. There can be no doubt at all that, for HiQ, the future looks very bright indeed,” Stugemo concludes.
HiQ´s President & CEO, Lars Stugemo, presents the company’s first-quarter report today, Tuesday 25 April, at 09:00 (CET) at HiQ’s Stockholm office (address: Regeringsgatan 20).
The report can be ordered by phone on +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. The information was submitted for publication, through the agency of the contact person set out above, at 07.30 CET on 25 April 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 currently has 1,600 specialists in four countries and is listed on the Nasdaq Stockholm MidCap list. For more information and inspiration, please visit www.hiq.se
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