HiQ - net sales climb 60% with a margin of just over 16%

HiQ - net sales climb 60% with a margin of just over 16% The net sales of IT and management consultancy HiQ rose 60% to SEK 278.0 million (SEK 174.3 m) for the period January - June 2001. The profit before goodwill increased 55% to SEK 44.8 million (SEK 28.9 m), which is equivalent to a margin of 16.1%. "HiQ has continued to grow during the first half of 2001 while maintaining good profitability. This means that we have consolidated and improved our position and customer offering. Bearing in mind the current market situation, we are naturally delighted with this development," says Lars Stugemo, CEO of HiQ. All business areas have performed well and HiQ has reported growth in industries such as telecoms, finance, motor vehicles and defence. "It is encouraging that our telematics initiative is paying off and has led to an increase in the number of assignments for the motor vehicle industry. Cars are increasingly becoming natural communication forums, which is well and truly in line with mobile developments in general," he continues. Almost one fifth of HiQ's net sales now go outside Sweden, mainly to the Nordic countries. "HiQ is a profitable company with a strong financial position. Its primary focus is on its customers and employees. This is an excellent strategy for the company and it puts us in a healthy position as regards future developments," concludes Stugemo. HiQ's CEO Lars Stugemo will be presenting the report at Operaterrassen in Stockholm at 12.00 noon today, Tuesday 14 August. The report can be downloaded from HiQ's web site, www.hiq.se, or ordered by calling +46 8 588 90 000. For more information, please contact: Lars Stugemo, CEO HiQ International AB, tel.: +46 8 588 90 000 Anna Svensson, CIO HiQ International AB, tel: +46 704 200 103 HiQ is an IT and management consultancy focusing on high-tech solutions in the fields of telecoms, mobility and simulation technology. The company is a leader in these fields and the Nordic region is its domestic market. HiQ employs 450 people at offices in Sweden, Norway, Denmark and Finland. HiQ is listed on the Stockholm Stock Exchange. For more information, please visit our web site at www.hiq.se, ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/08/14/20010814BIT00120/bit0002.doc http://www.waymaker.net/bitonline/2001/08/14/20010814BIT00120/bit0002.pdf