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YEAR-END REPORT 2019 – HiQ breaks the profit record, increased profit, increased margin and strong cash flow

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Net sales during the year amounts to SEK 1 847.1 million. Operating profit for the same period increase by 15 per cent to SEK 226.1 (196.5) million. During the fourth quarter net sales amounts to SEK 491.3 (507.1) million, operating profit increases by 1 per cent to SEK 61.5 (61.2) million and operating margin increases to 12.5 (12.1) per cent. Cash flow for the fourth quarter of the year amounts to SEK 49.3 million and liquid assets total SEK 188.1 million. At the end of the quarter we are 1 560 employees at HiQ. The Board of HiQ proposes a dividend of SEK 3.40 per share, totalling SEK 190 million.

During the second quarter, as announced earlier, we divested our holding in Westend Affärscentrum Oy, which is our former office space in Finland. The divestiture generated a profit of SEK 22.8 million.

“During 2019 we increase the profit and margin and deliver a continuous strong cash flow. Also during the fourth quarter we increase profit, margin and cash flow. We have a strong cash position and more employees during Q4 compared to Q3. Including our real estate disposal in Finland, we pass SEK 225.9 million in profit for the whole year – thus more than we ever did before”, says Lars Stugemo, President and CEO of HiQ.

JANUARY – DECEMBER 2019

  • Net sales amounts to SEK 1,847.1 (1,852.7) million
  • Operating profit (EBIT) increases to SEK 226.0 (196.5) million – an operating margin of SEK 12.2 (10.6) per cent
  • EBIT includes realisation gain from the divestment of shares in Westend Affärscentrum with SEK 22.8 million
  • Pre-tax profit increases to SEK 224.1 (197.4) million
  • Profit after tax increases to SEK 176.3 (151.9) million
  • Earnings per share, before dilution increases to SEK 3.16 (2.73)
  • Cash flow from operations increases to SEK 232.2 (167.4) million
  • Liquid assets increases to SEK 188.1 (183.5) million
  • The Board proposes a dividend of SEK 3.40 per share, totalling 190 million.

OCTOBER – DECEMBER 2019

  • Net sales total SEK 491.3 (507.1) million
  • Operating profit (EBIT) increases to SEK 61.5 (61.2) million – an operating margin of SEK 12.5 (12.1) per cent
  • Pre-tax profit increases to SEK 60.4 (61.1) million
  • Profit after tax increases to SEK 46.6 (46.9) million
  • Earnings per share, before dilution increases to SEK 0.83 (0.84)
  • Cash flow from operations increases to SEK 49.3 (61.1) million

SIGNIFICANT EVENTS DURING THE YEAR
Q4

  • Saab broaden its collaboration with HiQ and signs new framework agreement for IT services
  • SVT signs framework agreement with HiQ for IT consultancy services within system development
  • HiQ wins framework agreement with Telenor Connexion
  • HiQ simplifies local referendum in Helsingborg, by creating digital support for printing poll cards on site
  • HiQ develops platform for influencer marketing for the company Valuefication
  • HiQ is announced as one of Sweden’s Career companies for the year 2020

Q1, Q2 & Q3

  • The Swedish Tax Agency names HiQ as the winner in its procurement of contracted IT Application services
  • Orkla Foods chooses HiQ as digital partner to develop future digital solutions
  • The Swedish Armed Forces (Försvarsmakten) names HiQ as a winner in the procurement for consultant services within the area of digital channels
  • HiQ and Scania develop a mobile solution that gives Scania customers faster assistance during unscheduled downtime
  • HiQ develops a mobile solution for ST1-owned service station chain Shell in Norway for coffee subscriptions
  • Lähitaksi chooses HiQ to simplify taxi travel in Finland
  • Taxi Stockholm partners with HiQ to develop new digital services
  • AWA enhances partnership with HiQ and choose HiQ’s integrations platform Frends
  • HiQ helps SKL make healthcare services more efficient by using AI
  • Procurator choose HiQ and Frends for system integration
  • Swedish Automobile Sports Federation chooses HiQ as digital partner
  • HiQ helps Sixt to launch a completely new service for corporate customer’s long-term car rental
  • HiQ develops software for tech start-up InviSense’s smart moisture scanners
  • The Annual General Meeting approves a shareholder’s dividend of SEK 3.35 per share, corresponding to a total pay-out of approximately SEK 187 million
  • Helena Forsmark is new managing director of HiQ’s subsidiary HiQ Stockholm from 5 April 2019
  • Ann Hellenius is appointed as a new member of the Board of Directors of HiQ
  • HiQ moves to a new head office at Katarinavägen 15 at Södermalm in Stockholm
  • HiQ divests holding in Westend Affärscentrum Oy in Finland
  • HiQ Sailing Team wins the 2019 ÅF Offshore Race and sets a new epic course record

SIGNIFICANT EVENTS AFTER END OF THE REPORTING PERIOD

  • HiQ lands new contract and ramps up partnership with Epiroc
  • HiQ, as employer, is ranked best in industry among IT consulting companies by market insight company Universum
     

For detailed information on the outcome for the period, please see the year-end report attached to this press release.

This information is information that HiQ International AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person above, at 07.30 CET on 29 January 2020.

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HiQ International Q4 2019

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