INTERIM REPORT JANUARY – SEPTEMBER 2010
GREATLY IMPROVED PROFITS AND GOOD GROWTH DURING THE QUARTER
JANUARY – SEPTEMBER 2010
• Net sales of SEK 794.6 (778.9) million
• Operating profit (EBIT) of SEK 108.4 (99.6) million, operating margin of 13.6 percent
• Pre-tax profit of SEK 107.4 (99.0) million
• Profit after tax of SEK 76.9 (71.9) million
• Earnings per share of SEK 1.49 (1.39)
• Cash flow from operations of SEK 18.2 (82.2) million
• A dividend of SEK 1.10 per share, totalling around SEK 57 million, was paid to the shareholders in May in the form of a split and compulsory redemption procedure
JULY – SEPTEMBER 2010
• Net sales of SEK 238.6 (208.7) million
• Operating profit (EBIT) of SEK 33.7 (21.0) million, operating margin of 14.1 percent
• Pre-tax profit of SEK 33.5 (20.9) million
• Profit after tax of SEK 23.8 (14.8) million
• Earnings per share amount to SEK 0.46 (0.29)
SIGNIFICANT EVENTS
• HiQ won a new contract to supply a leading global vehicle manufacturer with a production test system for Brazil
• HiQ created a new e commerce system for JF Emballage
• HiQ won a large new contract from GTECH for the development of gaming platforms for a leading gaming operator
• HiQ ranked in the top 10 in Universum’s annual survey of the most popular employers in Sweden
• HiQ named IT Consultant of the Year 2010 in Veckans Affärer’s survey
• HiQ formed HiQ Finland by merging its two subsidiaries HiQ Softplan and HiQ Quality Services; Jukka Rautio is Managing Director of the new company, which employs nearly 200 people in the Helsinki region
• HiQ won a large contract to build a new insurance and debt collection system for Trafikförsäkringsföreningen (Swedish Motor Insurers)
• HiQ received a new order from FMV, the Swedish Defence Materiel Administration, worth SEK 14 million. The order pertains to maintain simulators for training fighting pilots for the JAS 39A Gripen
• HiQ won a management contract for Orc Software
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 HiQ
tel. +46 (0)8-588 90 034, +46 (0)704 200 017
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 Russia. HiQ is listed on the Nasdaq OMX Nordic Exchange Stockholm Mid Cap. For more information, please visit www.hiq.se