YEAR-END REPORT JANUARY – DECEMBER 2010
INCREASED GROWTH, INCREASED PROFIT MARGIN AND STRONG CASH FLOW
JANUARY – DECEMBER 2010
• Net sales of SEK 1,108.4 (1,057.7) million
• Operating profit (EBIT) of SEK 156.0 (145.6) million, operating margin of 14.1 percent
• Pre-tax profit of SEK 155.1 (145.2) million
• Profit after tax of SEK 110.6 (106.1) million
• Earnings per share of SEK 2.14 (2.06)
• Cash flow from operations of SEK 94.0 (139.5) million
• Liquid assets of SEK 163.5 million
• The Board proposes that SEK 1.80 per share, a total of around SEK 94 million, is distributed to the share holders through a split and compulsory redemption procedure.
OCTOBER – DECEMBER
• Net sales of SEK 313.8 (278.7) million
• Operating profit (EBIT) of SEK 47.6 (46.0) million, operating margin of 15.2 percent
• Pre-tax profit of SEK 47.7 (46.3) million
• Profit after tax of SEK 33.7 (34.2) million
• Earnings per share of SEK 0.65 (0.66)
SIGNIFICANT EVENTS DURING THE FOURTH QUARTER
• HiQ acquired the IT consultancy Frends Technology in Helsinki with 40 employees who are specialits in business process integration
• HiQ renewed its partnership with GTECH Corporation
• HiQ signed a three-year framework agreement with the Swedish Transport Administration (which combines the former National Rail Administration and National Roads Administration), under which the Swedish Transport Agency and Borlänge Municipality are also purchasing parties
SIGNIFICANT EVENTS JANUARY – DECEMBER
• HiQ received a new SEK 14 million order from FMV, the Swedish Defence Materiel Administration, for the maintenance of simulators for training fighter pilots for the JAS 39A Gripen
• HiQ won a large contract to build a new insurance and debt collection system for Trafikförsäkringsföreningen (Swedish Motor Insurers)
• HiQ won a management contract for Orc Software
• HiQ won a new contract to supply a leading global vehicle manufacturer with a production test system for Brazil
• HiQ formed HiQ Finland by merging its two subsidiaries HiQ Softplan and HiQ Quality Services
• HiQ named IT Consultant of the Year 2010 in Veckans Affärer’s survey
FOR FURTHER INFORMATION, PLEASE CONTACT:
Lars Stugemo, President and CEO of HiQ
tel.: +46 (0)8-588 90 000
Fredrik Malm, CFO and Head of IR at HiQ
tel. +46 (0)8-588 90 034, +46 (0)704 200 017
HiQ discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act.
This report was released for publication at 07:30 CET on 1 February 2011.
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