IAR Systems Group AB (publ) Interim Report Jan-March 2016

Net sales of SEK 80m, EBITDA of SEK 23m

Cash flow of SEK 22m, operating margin of 24%

January–March 2016

  • Net sales of SEK 80.5m (76.9)
  • EBITDA of SEK 23.1m (23.7), corresponding to an EBITDA margin of 28.7% (30.8)
  • Operating profit of SEK 19.2m (20.3), corresponding to an operating margin of 23.9% (26.4)
    Non-recurring costs mainly in the form of legal costs in the US have been charged to operating profit of about SEK 4m.
  • Profit before tax of SEK 19.2m (20.3)
  • Earnings per share of SEK 1.51 (1.55) after current tax
  • Basic earnings per share of SEK 1.20 (1.23) and diluted earnings per share of SEK 1.20 (1.23)
  • Cash flow from operating activities of SEK 22.0m (18.3)
  • Net cash of SEK 103.9m (83.9) at the end of the period

Events after the end of the reporting period

In April 2016, IAR Systems signed an exclusive royalty agreement with Renesas Electronics Corporation for Renesas Synergy Platform, an all-inclusive solution for innovative product development within new emerging technologies such as the Internet of Things. The new agreement will provide revenue from royalties for each microprocessor used in the products the customer eventually manufactures. The agreement covers all Renesas Synergy Platform microcontrollers.

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

About Us

Our customers build products of today and technology for future innovations. We are proud to be part of that. IAR Systems is the world’s leading independent provider of software for programming of processors in embedded systems. IAR Systems’ software is used by many of the world’s largest corporations, as well as thousands of small and medium-sized companies, mainly operating in industrial automation, medical technology, telecommunications, consumer electronics and the automotive industry. IAR Systems Group AB is listed on the Mid Cap list of Nasdaq Stockholm.


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