2016 – RECORD & INCREASED DIGITALISATION

Net sales in 2016 increase by 10 percent to SEK 1,659.4 (1,508.0) million. Operating profit (EBIT) increase by 14 percent to SEK 207.9 (182.9) million. And the operating margin for 2016 is 12.5 (12.1) percent.

Net sales in the fourth quarter are SEK 460.5 (409.0) million, and the operating profit (EBIT) is SEK 56.5 (54.6) million. The operating margin in the fourth quarter is 12.3 (13.3) percent. The Board proposes to the Annual General Meeting that a dividend of SEK 3.10 per share to be distributed to the shareholders, totalling SEK 170 million.

"2016 is yet another record year for us at HiQ. We grow, generate results and win new clients. We are more relevant than ever and continue to simplify and improve people's lives," says Lars Stugemo, President and CEO.

Digitalisation is sweeping across society and the phenomenon is based essentially on technological development. The result is that every sector is being redesigned, business models are challenged and our behaviour is rapidly changing.

"We help our clients with solutions we could not even have dreamed of 20 years ago. With them, we develop digital services such as CarPay, S-Mobiili and Västtrafik To Go. By operating at the point where technology, people and business meet, HiQ is gaining increasing trust," Lars Stugemo continues.

"During the year, we win several awards, honours and nominations. The digital services Diacor Plus, Enkoping.se and In-Car Delivery all win awards and for the third year in a row, we are acknowledged as one of Sweden's Career Companies. With the best employees in the industry, an impressive client list and very strong finances, I look forward to the future with great confidence," Lars Stugemo concludes.

HiQ's President and CEO, Lars Stugemo, will present the report at 09:00 today, Tuesday, 31 January, at HiQ's office at Regeringsgatan 20, 9tr, in Stockholm.

 

This information is information that HiQ International AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person above, at 07.30 CET on 31 January 2017.

 

 HIQ YEAR END REPORT JANUARY-DECEMBER 2016 (pdf)


Lars Stugemo
Lars Stugemo President and CEO HiQ International +46 8 588 90 000
Erik Ridman
Erik Ridman Head of Communications HiQ +46 70-750 80 60 +46 8-588 90 000

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