Continued growth and increased profit
Sales for the first six months of the year total SEK 731.2 (652.6) million, an increase of 12 percent compared with the same period last year. Operating profit (EBIT) totals SEK 99.2 (87.1) million, an operating margin of 13.6 per cent. Liquid assets total SEK 168.0 (125.4) million.
“We started the year with a record quarter and are now following it up with another good quarter. We are growing and have a very strong cash flow and are also both pleased and proud that so many wants to work at and with HiQ,” says President and CEO Lars Stugemo.
No matter where we are, today it is a given that it should be possible to stream high-quality TV images live via mobile phones and tablets. Similarly, we shop and do our banking via mobile devices while riding the bus on the way home from work. HiQ is a leader in finding mobility solutions - a field that has an impact on all market segments where HiQ operates.
In the quarter, HiQ wins several assignments strengthening our position in already strong areas as telecom, the automotive industry and mobile payments. The assignments are in the forefront of technology and innovation.
“The economy in the Nordic region, HiQ’s main market, continues to be relatively strong. Generally speaking, even if it varies from regions and market segments, demand from our clients is good. We are the company that strives to provide that “crucial extra” and together with our successful and innovative customers, we look forward to an exciting autumn,” concludes Lars Stugemo.
HiQ’s President and CEO Lars Stugemo will present the report at 9:00 a.m. today, Tuesday, 14 August , at HiQ's office, Regeringsgatan 20, Stockholm.
The report can be ordered at +46 (0)8 588 90 000 or downloaded at www.hiq.se
The information is such that HiQ will make it public according to the Swedish Securities Act and/or the Swedish Financial Instruments Trading Act. This report will be made public at 7:30 a.m. on 14 August 2012.
For further information, please contact:
Lars Stugemo, CEO and President, HiQ, tel. +46 (0)8 588 90 000
Peter L. Häggström, Head of Corporate Communications, HiQ, tel: +46 (0)704-200103
HiQ is an IT and management consultancy company specialising in high-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 people and has offices in the Nordic countries and Russia. HiQ is also listed on the NASDAQ OMX Stockholm Mid Cap List. For more information, please visit www.hiq.se