INTERIM REPORT JANUARY-MARCH 2010

Strong start to the year!

January – March 2010 • Net sales of SEK 273.6 (297.6) million. • Operating profit (EBIT) of SEK 40.5 (44.7) million, operating margin of 14.8 (15.0) percent. • Pre-tax profit of SEK 39.7 (44.7) million. • Profit after tax of SEK 28.4 (32.7) million. • Earnings per share of SEK 0.55 (0.63). • Cash flow from operations of SEK 12.1 (30.5) million. • The Annual General Meeting has resolved to distribute SEK 1.10 per share, totalling SEK 57 million, to the shareholders in the form of a split and a compulsory redemption procedure. Significant events • HiQ received an order from the biggest printing group in the Nordic region, V-TAB, to further develop a control system that handles packing and delivery of newspapers to end customers. • HiQ received an order from Appello to assist in adapting and developing Wisepilot, Appello’s navigation platform for iPhone. • HiQ received a new order from the Swedish Defence Material Administration (FMV). The order, which is worth SEK 14 million, is for maintenance of simulators to train fighter pilots for JAS 39A Gripen fighter jets. The order was placed after the end of the period. • HiQ has received an order from Swedish Motor Insurers to develop a complete IT system to support insurance operations. The project encompasses the provision of an end-to-end solution, with an order value of approximately SEK 17 million. The order was placed after the end of the period. • HiQ is forming HiQ Finland by merging the two subsidiaries, HiQ Softplan and HiQ Quality Services. The new company will employ close to 200 people in the Helsinki area. HiQ Finland’s Managing Director is Jukka Rautio. • HiQ has been named IT Consultant of the Year 2010 based on a survey conducted by the business journal Veckans Affärer. This is the fourth year in succession that HiQ has topped the list. • HiQ was one of the companies nominated for the 2010 Golden Mouse Award in the IT Company of the Year category. The award is handed out by the publications Affärsvärlden and Computer Sweden. 2010 in brief 2010 started well for HiQ, with high profitability and a very good financial position. Net sales for the first quarter 2010 are SEK 273.6 million and operating profit SEK 40.5 million, a margin of 14.8 percent. The cash flow from operations is SEK 12.1 million. On 25 March the Annual General Meeting decided on a dividend of SEK 1.10 per share, totalling around SEK 57 million, in the form of a split and compulsory redemption procedure. The beginning of 2010 was characterised by a strong market for IT consulting services in general and strong demand for HiQ’s services. In the first quarter we created a good platform for growth by, among other things, working with numerous new clients in a variety of sectors. This implies that HiQ today needs to recruit new employees throughout the Group. HiQ is experiencing strong development in all geographic markets, but with certain differences. The restructuring that has been under way among mobile phone manufacturers is creating challenges, while the automotive industry is now developing well. In sectors such as finance, retail, media and areas such as entertainment and multimedia, we are seeing a strong demand and there is good development potential for HiQ. HiQ has seen excellent development in the first part of the year in Sweden. In central Sweden, through the offices in Stockholm, Arboga/Västerås and Linköping, HiQ has experienced good growth and recruitment is needed to meet the demand in the market. HiQ’s operation in the west of Sweden is currently experiencing very strong development and is equipped for growth in 2010. In southern Sweden there is still some uncertainty surrounding the telecoms market, which is affecting HiQ’s business in Skåne and Karlskrona. HiQ has developed very well, however, and has enjoyed good profitability in this region. The creation of HiQ Öresund has been a success in the terms of intensified sales initiatives and greater cooperation. Profitability within HiQ’s Danish operation improved in the first quarter. In Finland HiQ is continuing to successfully expand its client base and develop the business. By forming HiQ Finland, HiQ has created a strong company that employs close to 200 people in the Helsinki region. HiQ offers a flexible delivery model with a customised offering. We offer specialist expertise for projects at the client’s site and we conduct projects at our own facilities and through our development centre in Russia. Demand continued to grow in 2010 for projects that combine specialist expertise at the client’s site with near-shore development (i.e. in Russia). HiQ is distinguished by clearly communicated values – results, responsibility, simplicity and enjoyment. These values guarantee the quality of HiQ’s work and therefore ensure client and employee satisfaction. Having clear values helps both the company and employees to develop in a better way. Our values constitute a crucial competitive advantage – for us and our clients. HiQ was named IT Consultant of the Year 2010 in the magazine Veckans Affärer’s annual survey of buyers of consulting services. This is the fourth year in succession that HiQ has topped the list. HiQ was also one of three companies nominated for the Golden Mouse Award in the IT Company of the Year category in 2010, an award handed out by the magazines Affärsvärlden and Computer Sweden. For further information, please contact: Lars Stugemo, President and CEO, HiQ Tel. +46 (0)8-588 90 000 Annika Billberg, Head of Corporate Communications and Investor Relations, HiQ Tel. +46(0)8-588 90 015, +46 (0)704-200 103. HiQ International AB (publ) company registration no. 556529-3205 Mäster Samuelsgatan 17, 9th floor Box 7421 103 91 STOCKHOLM Tel.: +46 (0)8-588 90 000 Fax: +46 (0)8-588 90 001 www.hiq.se