Another record quarter for HiQ

Sales for the first quarter 2012 totals SEK 379.4 (326.1) million, which is an increase of 16 per cent as compared with the same period last year. The company's operating profit (EBIT) totals SEK 62.9 (49.1) million; an operating margin of 16.6 per cent.

Liquid assets amount to SEK 234.2 million. The annual general meeting has approved a dividend of SEK 2.20 per share – totalling SEK 116 million – in the form of a stock split and a mandatory redemption programme.

"This year's first quarter is once again a record-breaking quarter for HiQ. I am both happy and proud to have the privilege of working with so talented and dedicated employees and clients who simplify people's lives," says HiQ's CEO and President, Lars Stugemo.

"In the first quarter, we set a record in both sales and profit, and we have never had a stronger financial position, so, obviously, we have every reason to be happy. We have never had so many employees as we have today, either," Stugemo adds.

We help our customers to simplify and improve using a combination of technology and business and industry know-how. During the first quarter of the year, we secure new framework agreements with exciting customers like Skandia and Swedbank. We live in an age where the mobile lifestyle is revolutionising our lives in many different areas. We now shop using our mobile phones, submit tax returns using text messaging, watch TV on mobile devices and read the latest newspaper editions on our tablets.

"HiQ is further strengthening its position as a Nordic IT and management consultancy. We work closely with our innovative and future-oriented customers to boost the business advantages we deliver through our work. IT and mobility are business-critical in the extreme, and HiQ is helping to simplify and improve and to create a better world," Stugemo concludes.

HiQ's CEO and President, Lars Stugemo, will present the company's report today, Thursday 26 April at 9AM, at HiQ's offices at Regeringsgatan 20 in Stockholm.

A copy of the report can be ordered by calling +46 (0)8-588 90 000 or can be downloaded below.

This information is such that HiQ will make in public according to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. This press release was submitted for publication at 7.30AM on 26 April 2012.


Lars Stugemo

Get in touch

Lars Stugemo
HiQ International
+46 8 588 90 000
Erik Ridman

Get in touch

Erik Ridman
Head of Communications
HiQ International
+46 70-420 00 01
+46 8-588 90 000

KGK chooses HiQ’s Frends as partner for system integration

In an increasingly digital world, companies are also facing digital challenges. The automotive company KGK has now turned to HiQ’s Frends as its new integration platform supplier for the group. Frends will help the organisation simplify and streamline by standardising integrations, with the ultimate goal of having Frends, in addition to APIs, as KGK’s sole solution for integrations. 

“It’s fantastic that Frends are continuing to grow in Sweden and on the Swedish market! The team has done a tremendous job, and partnering up with KGK shows how integration platforms can help organisations become more efficient and see ROI at an early stage. Great work and go HiQ!”, says Sven Ivar Mørch, CEO of HiQ. 

Read more

Magnus Meyer takes chair of HiQ board

HiQ announces today that Magnus Meyer, current member of the board of directors, has been appointed by the board to serve as the chairman of the board effective October 21. Thomas Hofvenstam, who acts as chairman today, will remain on the board as a member.

“I would like to take this opportunity to welcome Magnus Meyer as the new chairman of the board. Magnus is considered one of Sweden's most influential technology consultants, and his solid experience is of great value for HiQ,” says Sven Ivar Mørch, CEO at HiQ.

Read more

Erik Ridman – new Head of Region Stockholm at HiQ

The tech consulting company HiQ is taking yet another step to strengthen its position as a full-stack partner in digital transformation. Erik Ridman, former Chief Marketing Officer (CMO) and Head of Communications at HiQ, is appointed new Head of Region Stockholm at HiQ.

”At HiQ, we have a pretty much unique position in being able to build advanced systems, products and services, and at the same time discuss digital strategies, usability and the repositioning of brands. With background and experience in brand development and recruitment as well as solutions and commitments, Erik Ridman will play an important role in our continued success. And with Erik at the helm of our operations in Stockholm, I’m confident that we will further strengthen our position,” says Sven Ivar Mørch, CEO of HiQ.

Read more