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HiQ's CEO ADJUSTS HIS SHAREHOLDING IN THE COMPANY

Lars Stugemo, CEO and President of HiQ, has decided to adjust his shareholding in HiQ. After the disposal of shares his holding amounts to 583 651 shares, corresponding to 1,1 percent of the company.

”HiQ is a successful company with a strong offer. I am proud to represent a company with industry-leading clients and highly skilled employees. I have now decided to partially diversify my investments”, says Lars Stugemo, CEO and President of HiQ.

Lars Stugemo has during the period of February 27 to March 1, sold 243 849 shares, which means that he remains a share holder of 583 651 shares in HiQ, corresponding to 1.1 percent shares of the company.

”For the past fifteen years I have held the majority of my assets in the form of HiQ shares. By this disposal of shares, I increase my freedom of action concerning my economy, ” Stugemo concludes.

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 for HiQ

Net sales during the first quarter increases with 3 percent and amount to SEK 488.3 (474.4) million. Operating profit for the same period amounts to SEK 55.1 (52.1) million, an increase with 6 per cent. HiQ’s financial position is solid. Cash flow during the quarter amounts to SEK 61.5 million and liquid assets total SEK 232.8 million. At the end of the quarter we are 1,601 employees at HiQ. The General Meeting decides a dividend of SEK 3.35 per share. A total of
SEK 187 million.

“Overall, earnings for the quarter are quite good. We are growing and profits are increasing. In Finland, the quarter is very strong. In Sweden, we do not reach our full potential. In Gothenburg, quarterly earnings are good, and we clearly see positive results from the measures we took last year. And as we proudly celebrate 20 years as a listed company, we have also done our 65th profitable quarter in a row. Since HiQ’s listing, we have delivered profit in 80 of 81 quarters,” says Lars Stugemo, CEO and President of HiQ.

Invitation to the presentation of HiQ’s interim report at 9.00 a.m. on 25 April

HiQ‘s interim report for January-March 2019 will be presented at 9.00 a.m. on Thursday 25 April at HiQ’s 7th floor office at Katarinavägen 15 in Stockholm.

HiQ helps Sixt launch a new service

As Sixt in Sweden launches Sixt Flex – a completely new service for mobility and long-term rental – it’s turning to HiQ to develop its new website.
“I’m thrilled and proud to gain the confidence of Sixt in Sweden to take part in launching this innovative service,” says Anna Kleine, Managing Director of HiQ Skåne.
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