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HiQ - CRAMO's STRATEGIC PARTNER

HiQ has been named "strategic partner" by Cramo, one of Europe's largest equipment rental companies. From today forward, HiQ will manage all of Cramo’s web-related IT development and administration during the contract period.

"The intent behind our online sourcing strategy is to help us quickly and efficiently design innovative solutions for our customers and employees.  To do this, we need a strong partner who – thanks to technical know-how and proven punctuality – is able to deliver in line with our needs. Thanks to our partnership with HiQ, Cramo can now put more energy into developing our business and innovation, instead of wrestling with complicated technology. Using their web and business expertise, HiQ will be responsible for ensuring that our platforms are developed in the best possible way," says Per Lundquist, CIO and Vice President at Cramo.

Industry is a rapidly growing business area at HiQ. Over the years, HiQ has simplified business for clients in areas ranging from the energy sector and recycling business to transportation companies.

"This type of comprehensive assignment suits HiQ perfectly. We are passionate about simplifying and improving our customers' businesses. For the past 17 years, we've had the pleasure of working within a wide range of industries, which has given us world-class experience. Now we're looking forward to sharing our know-how with Cramo," adds Lars Stugemo, President and CEO at HiQ.

Lars Stugemo
Lars Stugemo President and CEO HiQ International +46 8 588 90 000
Erik Ridman
Erik Ridman Head of Communications HiQ International +46 70-750 80 60 +46 8-588 90 000

Increased profit and strong cash flow for HiQ

Sales for the first half of the year increase to SEK 965.5 million. Operating profit for the same period increases to SEK 121.4 million. In the second quarter of the year, sales increase to SEK 477.2 million. Cash flow for the first half of the year amounts to SEK 137.3 million and liquid assets total SEK 110.3 million. This means that our financial position remains strong. During the quarter, as announced earlier, we divested our holding in Westend Affärscentrum Oy, which is our former office space in Finland. The divestment generated a profit of SEK 22.8 million.

“As usual, the second quarter is seasonally weak with extra days off and leave. This year even more challenging compared to last year’s second quarter, with significantly less time. All in all, the first half of the year we deliver strong earnings in Finland, while in Sweden we do not live up to our expectations. To some extent, developments in Sweden were affected by weaker demand from the public sector and locally in the telecom sector in Blekinge,” says Lars Stugemo, President and CEO of HiQ. 

Invitation to the presentation of HiQ’s interim report at 9.00 a.m. on 16 July

HiQ‘s interim report for January-June 2019 will be presented at 9.00 a.m. on Tuesday 16 July at HiQ’s 7th floor office at Katarinavägen 15 in Stockholm.

Change in number of outstanding shares in HiQ during June

As of 28 June 2019 the number of outstanding shares and votes in HiQ International AB amount to 55 842 087 shares, following an increase of the number of shares and votes in June by 2 500.
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