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INTERIM REPORT JANUARY – SEPTEMBER 2012

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INCREASING SALES AND STRONG CASH FLOW

JANUARY – SEPTEMBER 2012

  • HiQ's sales total SEK 1,010.2 million (923.9), an increase of 9 per cent compared with the previous year
  • The company's operating profit (EBIT) totals SEK 131.3 million (123.8), an operating margin of 13.0 per cent
  • Profits before tax total SEK 132.2 million (124.8)
  • Profits after tax total SEK 95.7 million (92.4)
  • Earnings per share total SEK 1.81 (1.76)
  • Cash flow from operations totals SEK 109.3 million (57.5)
  • Liquid assets total SEK 176.6 million
     

JULY – SEPTEMBER 2012

  • Sales total 279.1 million (271.3), an increase of 3 per cent compared with the previous year
  • The company's operating profit (EBIT) totals SEK 32.0 million (36.7), representing an operating margin of 11.5 per cent
  • Profits before tax total SEK 32.3 million (36.8)
  • Profits after tax total SEK 23.8 million (27.3)
  • Earnings per share total SEK 0.45 (0.52)
     

SIGNIFICANT EVENTS DURING THE FIRST SIX MONTHS

  • HiQ wins the contract to serve as a digital partner for the European Athletics Indoor Championships
  • HiQ provides a media booking system for Finnish broadcaster MTV 3 Finland
  • HiQ helps the Viktoria Institute and its partners Volvo Cars, Göteborgs Energi and Ericsson with the ELVIIS project
  • HiQ signs a new framework agreement with major postal service provider Posten AB
  • HiQ signs a framework agreement with Sweden's largest television company
  • HiQ ranks as Sweden's top IT consulting company among Swedish IT consultants asked to rank the most attractive place to work in Computer Sweden magazine's comprehensive survey
     

SIGNIFICANT EVENTS DURING THE THIRD QUARTER

  • HiQ simplifies vehicle inspections at Dekra
  • HiQ is nominated for the Swedish Design Award for an app designed for the West Swedish Chamber of Commerce
  • HiQ wins a new assignment from a global automotive manufacturer
  • HiQ delivers projects and conducts a workshop for players in the mobile payments industry
  • HiQ improves communications for the Northern Ostrobothnia Hospital District in Finland
     

SIGNIFICANT EVENTS SINCE THE CLOSE OF THE QUARTER

  • HiQ helps a leading British TV channel to develop an IP-TV service
  • HiQ creates the Skylab idea laboratory during the West Swedish Chamber of Commerce’s Handelskammardagen event
        

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 press release was submitted for publication at 7.30AM on 22 October 2012

     

For more information, contact:
Lars Stugemo, President and CEO, HiQ ph.: +46 (0)8-588 90 000
Peter L. Häggström, Head of Corporate Communications, HiQ Ph: +46 (0)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 also listed on the NASDAQ OMX Stockholm Mid Cap List. For more information, please visit www.hiq.se.

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