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

HiQ enters partnership for Scaled Agile Framework (SAFe) with Ivar Jacobson International

As digitalization rapidly swoops over all companies and organizations, the need for frameworks for agile development becomes critically important. The step-change in capability however, when those principles are scaled, is mind-blowing! At HiQ we are a trusted partner to a vast majority of the large cap companies in the Nordics and we constantly strive to sharpen and develop our expertise in this area. Accordingly, HiQ has partnered up with the godfather of software engineering – Dr Ivar Jacobson – and his great team at Ivar Jacobson International.

“This is an important step in our development. Ivar Jacobson International is truly the epicenter of knowledge and experience in scalable agile development. To cross that with our vast competence in embedded development, digitalization and transformation, will make our offering within Research & Technology and Business Critical IT significantly stronger”, says Sven Ivar Mørch, CEO and President of HiQ.

Read more

HiQ acquires Headlight Group

As a part of its aim for the position as the Northern European leading tech consultant company HiQ has now acquired the IT specialist Headlight Group with the two companies Headlight and Relight. The companies are based in Västerås, Örebro and Borlänge and the close to 100-person team will be a strong addition to HiQ’s offer of services within Busines Crititcal IT.

”I am exceptionally glad to welcome everybody in Headlight and Relight to HiQ. Together we have an amazing competence, strong company cultures and an impressive client list. This is a perfect match, and by combining our two teams we will strengthen our position as the leading consultancy in Sweden when it comes to digitalization, innovation, IT and system development. Super fun and yey us”, says Sven Ivar Mørch, CEO and President at HiQ.

Read more

HiQ wins framework agreement with the Swedish Tax Agency

HiQ was the only company which received a full score in the Swedish Tax Agency’s procurement for services within IT Applications and is one of the four companies chosen to sign a frame agreement.
“I’m really stoked about this win and that such an important public function as the Tax Agency can benefit from our vast competence within digitalization. A great win for us and a great value for Sweden”, says Sven Ivar Mørch, CEO and President of HiQ.

Read more