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
Lars Stugemo President and CEO HiQ International +46 8 588 90 000

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