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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

HiQ partners with new WRC star Pontus Tidemand

Rally Sweden 2019 will start with only one Swedish driver in the highest World Rally Championship (WRC) class. Pontus Tidemand is aiming high in his new Ford Fiesta WRC for the British team M-Sport — and he is doing it with his new partner, HiQ.
“This is definitely the competition you wait for the whole year and it’s a childhood dream that comes true every time I’m at the starting line. And now it’s extra fun to do it together with HiQ,” says Tidemand.

HiQ becomes digital partner of Swedish Automobile Sports Federation

HiQ is initiating a collaboration with Svenska Bilsportförbundet, the Swedish Automobile Sports Federation. HiQ will support the federation in its efforts to develop digital solutions, systems and services that improve and simplify life for motorsport enthusiasts throughout Sweden.
“Being involved with motorsport is a perfect fit for us. It’s a form of competition that can use innovative solutions to make a big difference. We have had several collaborative projects over the years, and the drivers, teams and the entire sport have also helped us evolve as a company,” says Erik Ridman, Head of Communications at HiQ.

HiQ – strong cash flow and increased dividend

Net sales in 2018 total SEK 1,852.7 (1,787.9) million, an increase by 4 percent. Operating profit (EBIT) for the period amounts to SEK 196.5 (214.4) million. During the fourth quarter net sales increase by 3 percent to SEK 507.1 (494.7) million and operating profit (EBIT) amounts to SEK 61.2 (62.4) million. Our financial position is strong. Cash flow during the year amounts to SEK 167.4 (164.1) million and we have SEK 183.5 (205.1) million in liquid assets. At the end of the quarter, we are 1,629 employees at HiQ.
“Overall, full-year sales are higher than ever before despite a temporary slowdown in Finland in the first quarter and in Östergötland in the second quarter. In Gothenburg we did not meet our expectations in terms of earnings during the year. Therefore we have taken actions and made changes that has been starting to give effect during the fourth quarter. In general, the market saw healthy demand in 2018,” says Lars Stugemo, President and CEO HiQ.
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