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HiQ WINS FRAMEWORK AGREEMENT IN KAMMARKOLLEGIET's PROCUREMENT

HiQ signs a framework agreement with Kammarkollegiet (The Legal, Financial and Administrative Services Agency) regarding system development.

The agreement is effective for two years with an option to extend for an additional two, and means that hundreds of Swedish authorities and public organisations can use HiQ as a supplier.

"We are proud and happy about this new framework agreement. The digitalisation of society affects all organisations at all levels, and we look forward to supporting that development with our know-how and experience, says Anders Nilsson at HiQ.

The agreement covers software and services used for system development and system administration. HiQ is one of seven vendors selected within the system development framework agreement, in which the total value is estimated to around SEK 400 million per year. The agreement can be used by, for example, public authorities, county councils and municipalities.

HiQ is an acknowledged partner in large and challenging IT projects. HiQ has helped many organisations within the public sector to streamline their operations.

"Our passion is to make people's everyday lives simpler and better. We have been doing it for 20 years and look forward to continue simplifying for everyone who are in contact with public authorities and organisations," says Lars Stugemo, President and CEO at HiQ.

Lars Stugemo
Lars Stugemo President and CEO HiQ International +46 8 588 90 000
Anders Nilsson
Anders Nilsson Managing Director HiQ Mälardalen +46 70 944 72 91
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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