Increased profit and improved margin

Net sales in the first quarter increase and total SEK 348.6 (340.4) million. Operating profit (EBIT) is SEK 36.1 (34.4) million, which is equivalent to a margin of 10.3 per cent.

During March, the Annual General Meeting decided on a shareholders’ dividend of SEK 2.60 per share, totalling approximately SEK 137 million.

“We increase our net sales and profit and we improve our margin compared to the same period last year. This in a Nordic market that continues to feel the impact of the uncertainty in our surrounding world. Mobility and digitisation are critical factors in all industries and create endless opportunities on the road ahead,” says Lars Stugemo, President and CEO of HiQ.

More businesses than ever are dependent on mobile and digital solutions and new technology is constantly transforming the roadmap, creating new possibilities and needs. HiQ’s focus is, as always, how to improve and simplify for people – IT is our mean for doing so. An example of this is when HiQ helps Volvo Cars with “Roam Delivery”, a service that allows people to have goods delivered straight to the trunk of their connected car. A clear illustration of what we call Internet of Things, where items and products are becoming connected, creating new business opportunities.

“Development is constantly moving at a quicker pace and we are a leading player in the growth of our information driven and connected society. With strong finances and the best employees in the business, HiQ creates the solutions that improve people’s lives,” Lars Stugemo concludes.

HiQ’s President and CEO, Lars Stugemo, presents the report today, Wednesday 23 April at 09:00 CET, at HiQ’s head office (Regeringsgatan 20) in Stockholm. The report can be ordered by phone (+46 8 588 90 000) or downloaded from www.hiq.se

HiQ is required by Swedish law (the Securities Market Act and/or the Financial Instruments Trading Act) to publish this information. This information was released for publication at 07:30 CET on 23 April 2014.

 


Lars Stugemo

Get in touch

Lars Stugemo
HiQ International
+46 8 588 90 000

HiQ expands in three Swedish cities following the acquisition of Headlight

Earlier this year, HiQ acquired Headlight Group, consisting of Headlight and Relight. This acquisition is an important part of HiQ’s expansion journey and will bring new job opportunities to the cities of Västerås, Örebro and Borlänge due to the great recruitment need. The news comes just weeks after the acquisition was announced and is an important part of HiQ’s effort to become Northern Europe’s leading tech consulting firm.

– We’re so excited to be expanding to Borlänge and in the cities of Örebro and Västerås! This merger enables us to expand further in the Swedish market and bring new jobs to all three cities while also affording us the opportunity to work together with companies in these areas. This is a good step for us on our expansion journey. Let’s go big!, says Sven Ivar Mørch, CEO of HiQ.

Read more

HiQ wins framework agreement with the Swedish National Agency for Higher Vocational Education

HiQ wins framework agreement with the Swedish National Agency for Higher Vocational Education (MYH). The procurement refers to consulting support regarding system development, architecture, and change management.

– So great for HiQ to win this framework agreement, areas in which we are incredibly strong. Contributing with this kind of competence is the core of what we want to do, and the public sector is an important area for us, says Sven Ivar Mørch, CEO of HiQ.

Read more

HiQ & BatteryLoop develop more efficient charging infrastructure

BatteryLoop, a company which gives electric car batteries a second life as energy storage systems, launched an energy storage system in the spring of 2021 which makes it possible, among other things, to build charging infrastructure in places where the electricity grid suffers power shortages. In collaboration with HiQ, BatteryLoop is now developing a digital platform that makes it possible to maximize power in the charging infrastructure. The digital platform enables an estimate as to how long a battery has left to live, thus its economic value in a circular business model.

– It is fantastic that our team is joining BatteryLoop on this journey. Circular business models and sustainability are important to us at HiQ, and it really shows with this project. There is an incredible amount to do to streamline the use of energy in society and this solution is an important contribution to that process, says Sven Ivar Mørch, CEO of HiQ.

Read more