I.A.R. Systems Group AB (publ) Interim Report Jan-June 2021

Q2 2021 – Continued strong development in Asia
Net sales SEK 87.4m (100.1), EBITDA SEK 25.9m (36.8)

JANUARY–JUNE 2021
› EBITDA of SEK 55.7m (63.4), corresponding to an
EBITDA margin of 31.6% (33.0)
› Operating profit of SEK 29.6m (39.4), corresponding to
an operating margin of 16.8% (20.5)
› Profit before tax of SEK 27.9m (37.4)
› Basic earnings per share of SEK 1.62 (2.11) and diluted
earnings per share of SEK 1.62 (2.10)
› Currency translation had a negative effect of SEK
-19.2m on net sales and SEK -10.9m on operating profit
in a comparison with the corresponding period last
year.
› Cash flow from operating activities of SEK 49.7m
(57.9)
› Net cash of SEK 13.8m (1.5) at the end of the period

APRIL–JUNE 2021
› EBITDA of SEK 25.9m (36.8), corresponding to an
EBITDA margin of 29.6% (36.8)
› Operating profit of SEK 12.6m (25.0), corresponding to
an operating margin of 14.4% (25.0)
› Profit before tax of SEK 11.4m (23.1)
› Basic earnings per share of SEK 0.68 (1.29) and diluted
earnings per share of SEK 0.68 (1.29)
› Currency translation had a negative effect of SEK
-10.3m on net sales and SEK -5.5m on operating profit in
a comparison with the corresponding quarter last year.
› Cash flow from operating activities of SEK 27.6m
(42.9)

KEY EVENTS AFTER THE END OF THE PERIOD
› Ann Zetterberg assumed the role of CFO on August 16,
2021.
› Through its subsidiary in the UK, the Group received tax
relief related to research and development expenses.
This will provide the Group with SEK 11.8m during the
third quarter of 2021, which will affect cash flow but not
profit or loss.

This information is inside information that I.A.R. Systems Group
AB (publ) 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 set out below, on
August 17, 2021, at 1:00 p.m. CET.

Contact person: Josefin Skarin, Investor Contact, I.A.R. Systems
Group AB, Email: josefin.skarin@iar.com

IAR Systems Group AB Contacts

Josefin Skarin, Investor Relations, IAR Systems Group AB
Email: josefin.skarin@iar.com

Stefan Skarin, CEO and President, IAR Systems Group AB
Email: stefan.skarin@iar.com

About IAR Systems

IAR Systems supplies future-proof software tools and services for embedded development, enabling companies worldwide to create the products of today and the innovations of tomorrow. Since 1983, IAR Systems’ solutions have ensured quality, reliability and efficiency in the development of over one million embedded applications. The company is headquartered in Uppsala, Sweden and has sales and support offices all over the world. Since 2018, Secure Thingz, a provider of advanced security solutions for embedded systems in the IoT, is part of IAR Systems. IAR Systems Group AB is listed on NASDAQ OMX Stockholm, Mid Cap. Learn more at www.iar.com.