GREATLY IMPROVED PROFITS AND GOOD GROWTH DURING THE QUARTER
Net sales in the third quarter amounted to SEK 238.6 (208.7) million and operating profit (EBIT) to SEK 33.7 (21.0) million, an operating margin of 14.1 percent. Liquid assets amounted to SEK 89.6 (73.1) million.
“HiQ performed well during the quarter and I’m very pleased with our initiatives in respect of both new and existing customers that have been highly successful. The recruitment of new employees has been intensified throughout the Group and we have a great need to grow in all our locations,” says Lars Stugemo, President and CEO of HiQ.
We help our clients to use communication and technology to simplify and improve their business. HiQ has been involved in developing systems, products and services for over 15 years. Clients include leading players in various segments such as the public sector, industry, telecoms, defence, gaming & entertainment and finance.
“We are a significant player in the Nordic region with good and successful clients and committed employees who take responsibility. During the quarter the business in Gothenburg reported particularly good results and accounts for the strongest growth in the Group. Together we will now continue to develop our business further and deliver even better results for our clients,” continues Lars Stugemo.
“Technological developments and greater competition are constantly creating opportunities for new types of companies and services. Areas such as media, entertainment and the Internet are developing at a fast pace with new technical solutions. These are exciting growth areas for HiQ,” says Lars Stugemo.
HiQ’s President and CEO Lars Stugemo presents the report at 9:00 CET today, Tuesday 26 October, at HiQ’s 9th floor offices at Mäster Samuelsgatan 17 in Stockholm.
The report can be requested by telephoning +46 (0)8-588 90 000 or downloaded from www.hiq.se
For further information, please contact:
Lars Stugemo, President and CEO of HiQ, tel.: +46 (0)8-588 90 000
Fredrik Malm, CFO and head of IR tel.: +46 (8)8-588 90 034, +46 (0)704-200 017
fredrik.malm@hiq.se
HiQ is an IT and management consultancy company focusing on high-tech solutions in the fields of communications and software development. The company is a leading player in these fields and the Nordic region is its domestic market. HiQ employs approx.1,100 people at offices in the Nordic region and in Eastern Europe. HiQ is listed on Nasdaq OMX Nordic Exchange Stockholm Mid Cap. For more information, please visit www.hiq.se.