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CHANGE IN NUMBER OF OUTSTANDING SHARES IN HiQ DURING APRIL

As of 29 April 2016 the number of outstanding shares and votes in HiQ International AB amount to 107 848 546 shares (of which 53 924 273 are redemption shares), following an increase of the number of shares and votes in April by 53 924 273.

The new shares were are result of the split conducted as a consequence of the decision made by the Annual General Meeting on 22 March 2016, regarding a split with compulsory redemption procedure. By this procedure 2.90 SEK per share, totalling approximately SEK 156 million, will be distributed to HiQ’s shareholders. 

With record day 2 May, 53 924 273 redemption shares will be redeemed and the number of outstanding shares in HiQ will again amount to 53 924 273.

HiQ discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. This press release was submitted for publication at 15.00 CET on 29 April 2016.

Fredrik Malm
Fredrik Malm CFO and Head of Investor Relations HiQ +46 8 588 90 000 +46 70 420 00 17

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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