Interim report January-September 2000
INTERIM REPORT FOR HiQ, JANUARY-SEPTEMBER 2000 HiQ is an IT and management consultancy focusing on high-tech solutions within telecoms, mobility and simulation technology. The company is one of the leaders in these fields and the Nordic region is its domestic market. The Group employs around 400 people in Sweden, Norway, Denmark and Finland. HiQ is listed on the OM Stockholm Stock Exchange. For more information, please visit our web site at www.hiq.se Interim Report for HiQ International AB (publ), Swedish corporate identity number 556529-3205, for the period January-September 2000. HiQ - turnover up 75 % with a margin of just over 17 % * Turnover increased 75% compared with the same period last year, totalling SEK 271.1 million (SEK 155.0 m). * The profit prior to goodwill rose 67% compared with the same period last year, reaching a total of SEK 46.7 million (SEK 27.9 m). This is equivalent to a margin prior to goodwill depreciation of 17.2%. * The operating profit showed a 55% increase compared with the same period last year, rising to SEK 42.4 million (SEK 27.3 m). This is equivalent to an operating margin of 15.6%. * HiQ employed 114 people over the period under review. * HiQ acquired WISE Networks in Copenhagen and Open Software in Gothenburg. * A new warrants programme for all HiQ employees is being implemented. * HiQ set up a subsidiary in Helsinki. * HiQ signed a general agreement with Motorola regarding consulting services in the field of systems development for tele- and radio communications using the Tetra standard. * HiQ was commissioned by the Swedish Post and Telecom Agency to analyse applications for UMTS licences. * HiQ has launched an initiative focusing on "wireless cars". Market development HiQ's market continues to look healthy and we currently see no signs of a fall-off in demand. As always, we deliver top-quality services to our customers, thus ensuring high profitability and continuing excellent growth. HiQ has now established operations in Sweden, Norway, Denmark and Finland, focusing on high-tech solutions within telecoms, mobility and simulation technology and developing our position in the Nordic market. The development of the Finnish company is proceeding according to plan. The market is looking good, our first consultants have been recruited and we are now getting in our first assignments. HiQ collaborates with the entire telecoms chain. Our work is based on the "HiQ model", which includes suppliers, operators and users, thus ensuring a comprehensive market offering. Our know-how in the field of telecoms is also applied in other industries, such as finance, autos and energy, where demand is on the increase. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/10/23/20001023BIT00240/bit0001.doc The full report http://www.bit.se/bitonline/2000/10/23/20001023BIT00240/bit0002.pdf The full report