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HiQ'ERS AMONG THE WINNER AT HEALTH HACK ACADEMY

During the past weekend several HiQers took part in the Health Hack Aacademy competition , and they did it with flying colors.

The teams with HiQ members won two categories; Best Business Potential - "Increase quality of life for people with chronic diseases" and Best Business Potential - "Keeping people healthy". 

Congratulations to the winning teams! We are so proud that HiQ's consultants are part of contributing to a better world.

Read more about the event: http://healthhackacademy.se/

Below is one of the winning teams with (from the left) Victor Duran, Jonas Barkå, Sudip Kumar Das and Parag Deshpande, all from HiQ. They were announced as winners in the category "Increase quality of life for people with chronic diseases". HiQ's Joel Holmberg competed together with Hampus Sethfors and the duo won the "Keeping people healthy" category.

Erik Ridman
Erik Ridman Head of Communications HiQ +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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