INTERIM REPORT JANUARY – SEPTEMBER 2011
CONTINUED STRONG GROWTH AND INCREASED PROFITS
JANUARY – SEPTEMBER 2011
• Net sales of SEK 923.9 (794.6) million, an increase of 16 percent from last year
• Operating profit (EBIT) of SEK 123.8 (108.4) million, an operating margin of 13.4 percent
• Pre-tax profit of SEK 124.8 (107.4) million
• Profit after tax of SEK 92.4 (76.9) million
• Earnings per share of SEK 1.76 (1.49)
• Cash flow from operations of SEK 57.5 (18.2) million
• Liquid assets of SEK 133.9 million
JULY – SEPTEMBER 2011
• Net sales of SEK 271.3 (238.6) million, an increase of 14 percent from last year
• Operating profit (EBIT) of SEK 36.7 (33.7) million, an operating margin of 13.5 percent
• Pre-tax profit of SEK 36.8 (33.5) million
• Profit after tax of SEK 27.3 (23.8) million
• Earnings per share of SEK 0.52 (0.46)
SIGNIFICANT EVENTS IN 2011
• HiQ and Kuusakoski jointly win an award for Finland’s best IT project in 2010.
• HiQ develops a trading platform for one of the world’s biggest investment banks.
• HiQ signs framework agreement with Jeppesen Systems AB.
• HiQ signs framework agreement with ICA.
• HiQ signs three-year agreement with the Finnish Radiation and Nuclear Safety Authority (STUK).
• HiQ delivers an IP-TV portal for Dreampark AB.
• HiQ expands its role as IT provider to Empower, a multinational services group.
• The Annual General Meeting appoints Johanna Fagrell Köhler to the Board.
SIGNIFICANT EVENTS DURING THE THIRD QUARTER
• HiQ wins new SEK 13.1 million order from FMV (the Swedish Defence Materiel Administration).
• HiQ delivers mobile services for customers of OP Pohjola bank.
• HiQ signs agreement with Volvo Cars as a strategic partner in the area of active safety.
• HiQ develops a mobile application for the Alpine Ski World Cup in Levi.
• HiQ creates the first live-broadcast from the Stockholm Pride Parade. The participants are invited to produce the broadcast. An initiative that results in that HiQ and the people sets a Nordic record for the number of live streams.
• HiQ launches Coffee Break – a technology blog run by HiQ consultants.
• HiQ appoints Peter Häggström as Head of Corporate Communications.
• HiQ´s headquarter and HiQ Stockholm moves to a new office at Regeringsgatan.
SIGNIFICANT EVENTS AFTER THE END OF THE PERIOD
• HiQ signs framework agreement with Bombardier, becoming a preferred supplier
For further information, please contact:
Lars Stugemo, President and CEO of HiQ
tel.: +46 8 588 90 000
Fredrik Malm, CFO and Head of IR at HiQ
tel. +46 8 588 90 000, +46 704 200 017
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 nearly 1,300 people at offices in the Nordic region and Russia. HiQ is listed on NASDAQ OMX Stockholm Mid Cap. For more information, please visit www.hiq.se
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