Increased sales and strong cash flow

Net sales for the period January to September 2012 total SEK 1,010.2 million (923.9), which is an increase of 9 per cent as compared with the same period last year.

HiQ's operating profit for the first nine months has increased by SEK 7.5 million compared with the same period last year. The company's operating profit (EBIT) totals SEK 131.3 million (123.8), representing an operating margin of 13.0 per cent. Liquid assets total SEK 176.6 million (133.9).

"The first nine months of the year have seen the highest net sales and best earnings in HiQ's history. Cash flow is strong in a quarter with relatively little time available. Our financial position remains very good and we have great opportunities to win additional market shares," says HiQ President and CEO Lars Stugemo.

IT, communications and mobility are becoming more and more critical for our society and for individuals. Companies see benefits in being able to offer their traditional web services on mobile devices too. HiQ helps innovative and successful customers to develop solutions such as mobile shopping, mobile banking and streaming and digitalising media content, while also contributing to a more transparent and better world.

"When we started in 1995, we had the goal of creating a better world with the help of IT and communications. Today, we are an established, publicly listed company with more than 1,300 employees, and still with the same burning desire to create a better world," says Stugemo.

"HiQ is stable with a strong balance sheet, a broad market mix from ten industries, a reputable brand and 17 years of history behind it. HiQ has excellent opportunities to advance our position on the market even further. We prioritise quality, profitability and growth – in that order," Stugemo concludes.

HiQ's CEO and President, Lars Stugemo, will present the company's report today, Monday 22 October, 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 downloaded at www.hiq.se.

This information is such that HiQ is required to make public according to the Swedish Securities Act and/or the Swedish Financial Instruments Trading Act. This press release was submitted for publication at 7.30AM on 22 October 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