IAR Systems Group AB (publ) Interim Report Jan-June 2019

Net sales SEK 99.0m (95.6)
Operating margin 24.0%

Security products and RISC-V generate
sales during the quarter

JANUARY–JUNE 2019
›› Net sales of SEK 198.8m (184.5)
›› Sales growth in local currency of 4%
›› EBITDA of SEK 71.3m (64.7), corresponding to an EBITDA
margin of 35.9% (35.1)
›› Operating profit of SEK 53.2m (53.2), corresponding to an
operating margin of 26.8% (28.8)
›› Profit before tax of SEK 51.0m (51.1)
›› Basic earnings per share of SEK 2.91 (2.97) and diluted earnings
per share of SEK 2.90 (2.97)
›› Cash flow from operating activities
of SEK 47.6m (44.3)
›› Net cash of SEK -8.6m (81.7) at the end of the period

APRIL–JUNE 2019
›› Net sales of SEK 99.0m (95.6)
›› Sales growth in local currency of 4%
›› EBITDA of SEK 32.9m (30.0), corresponding to an EBITDA
margin of 33.2% (31.4)
›› Operating profit of SEK 23.8m (23.7), corresponding to an
operating margin of 24.0% (24.8)
›› Profit before tax of SEK 21.8m (22.0)
›› Basic earnings per share of SEK 1.23 (1.20) and diluted
earnings per share of SEK 1.22 (1.20)
›› Cash flow from operating activities of
SEK 28.5m (25.2)

Stefan Skarin, CEO, IAR Systems Group AB
email stefan.skarin@iar.com

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. IAR Systems Group AB is listed on NASDAQ OMX Stockholm, Mid Cap. Learn more at www.iar.com.