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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

Increased profit and strong cash flow for HiQ

Sales for the first half of the year increase to SEK 965.5 million. Operating profit for the same period increases to SEK 121.4 million. In the second quarter of the year, sales increase to SEK 477.2 million. Cash flow for the first half of the year amounts to SEK 137.3 million and liquid assets total SEK 110.3 million. This means that our financial position remains strong. During the quarter, as announced earlier, we divested our holding in Westend Affärscentrum Oy, which is our former office space in Finland. The divestment generated a profit of SEK 22.8 million.

“As usual, the second quarter is seasonally weak with extra days off and leave. This year even more challenging compared to last year’s second quarter, with significantly less time. All in all, the first half of the year we deliver strong earnings in Finland, while in Sweden we do not live up to our expectations. To some extent, developments in Sweden were affected by weaker demand from the public sector and locally in the telecom sector in Blekinge,” says Lars Stugemo, President and CEO of HiQ. 

Invitation to the presentation of HiQ’s interim report at 9.00 a.m. on 16 July

HiQ‘s interim report for January-June 2019 will be presented at 9.00 a.m. on Tuesday 16 July at HiQ’s 7th floor office at Katarinavägen 15 in Stockholm.

Change in number of outstanding shares in HiQ during June

As of 28 June 2019 the number of outstanding shares and votes in HiQ International AB amount to 55 842 087 shares, following an increase of the number of shares and votes in June by 2 500.
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