INCREASED SALES AND STRONG CASH FLOW
Sales for 2012 rose to SEK 1,380.2 (1,293.5) million and operating profit (EBIT) totalled SEK 180.7 (184.3) million. Operating margin for 2012 was 13.1 per cent. The company had liquid assets of SEK 210.0 (190.5) million. Fourth-quarter sales increase to SEK 370.0 (369.6) million, while operating profit (EBIT) was SEK 49.4 (60.6) million. Operating margin for the fourth quarter is 13.4 per cent. The Board proposes that the Annual General Meeting approves a divided of SEK 2.40 per share, corresponding to a total pay-out of SEK 126.6 million.
“2012 is another successful year for HiQ where sales for the year is record breaking. We start the year with several new exciting collaborations, and succeed with the assignments we get from our innovative clients. We have engaged and skilled co-workers and we have kept on recruiting during the year. Our financial position is solid with strong cash flow and debt-free balance sheet, says Lars Stugemo, President and CEO, HiQ.
The world has become a little smaller in 2012. It fits into the smartphone we carry in our pocket – today’s solution for keeping in touch with friends, sorting out bank transactions, streaming media and even keeping our keys. Over the past year HiQ has won numerous exciting new assignments relating to mobility solutions, while we have continued to secure a steady stream of undertakings in our other specialist fields.
“Significant for 2012 are all the projects that simplifies for us people. For example the mobile payment solution Swish, for client Bankgirot, makes it fast and easy to transfer money between people. In the automotive industry, we are involved in several projects that improve the environment and making driving both easier and safer. We look forward to, in any economic situation, to keep simplify, improve and develop new technology and business”, Stugemo concludes.
HiQ’s President and CEO, Lars Stugemo, will present the year-end report today, Thursday 31 January, at 09:00 CET, at HiQ’s head office (Regeringsgatan 20) in Stockholm. The report can also be ordered by phone (+46 (0)8-588 90 000) or downloaded from www.hiq.se
This information is such as HiQ is required to make public according to the Swedish Securities Act and/or the Swedish Financial Instruments Trading Act. This release was sent out for publication at 07:30 CET on 31 January 2013.
For more information, please contact:
Lars Stugemo, President and CEO, HiQ. Tel. +46 8 588 90 000
Peter L. Häggström, Head of Corporate Communications, HiQ. Tel. +46 8 588 90 000, +46 704 200 103
HiQ simplifies and improves using hi-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 staff and has offices both in the Nordic countries and in Russia. HiQ is listed on the NASDAQ OMX Stockholm Mid Cap List. For more information, please visit www.hiq.se