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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 wins framework agreement with Telenor Connexion

Following a tender process, HiQ signs a framework agreement with Telenor Connexion for consulting services in several areas related to development. Through the agreement, HiQ will help Telenor Connexion further develop its Internet of Things (IoT) platform.
“I’m very glad that we have a framework agreement with Telenor Connexion, one of the pioneers in IoT. This agreement is evidence of HiQ’s high level of telecom expertise and yet more proof that our offering is in demand by the market,” says Lars Stugemo, SEO and President of HiQ.

HiQ accelerates development in Blekinge, Martin Krona appointed new MD

Martin Krona is the new MD of HiQ Karlskrona and takes over responsibility for HiQ’s operations in Blekinge. Klas Nyström takes on the role of executive board chairman with responsibility for regional development.

“The change is part of the investments HiQ is making in Blekinge. Klas will be able to work more strategically and Martin will contribute great enthusiasm, new skills and lots of energy on the operational side. Together we will mould HiQ in Blekinge into the best company for everyone: clients, employees and partners,” said Lars Stugemo, President and CEO of HiQ.

Increased profit and strong cash flow for HiQ

Net sales for the first third quarters of the year are SEK 1 355.8 million. Operating profit for the same period is SEK 164.4 million. During the third quarter of the year, sales is SEK 390.2 (395.0) million, operating profit increases with 7.5 % to SEK 43.1 (40.1) million and operating margin increases to 11.0% (10.1%). Cash flow for the first three quarters of the year amounts to SEK 183.0 million and liquid assets total SEK 150.5 million. During the second 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.
“During the third quarter, the profit, margin and cash flow are growing, during a seasonally weak quarter with lots of holidays and little time available. In comparison with the three first quarters previous year, we increase revenue, net profit, margin and cash flow”, says Lars Stugemo, President and CEO of HiQ.
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