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HiQ ISSUES SHARES IN A NON-CASH ISSUE IN RELATION TO THE ACQUISITION OF PRESIS

The board of HiQ has resolved to issue new shares in a non-cash issue in order to settle the payment of the acquisition of Presis i Sverige AB.

As earlier communicated, HiQ has acquired Presis i Sverige AB with closing date 16 March 2017. As a part of the closing the Board of HiQ has resolved to issue 128 114 shares in a non-cash issue, corresponding to a dilution of 0,2%.

After the share issue, the total number of outstanding shares and votes in HiQ amounts to 54,900,359 shares.

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

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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