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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 for HiQ

Net sales during the first quarter increases with 3 percent and amount to SEK 488.3 (474.4) million. Operating profit for the same period amounts to SEK 55.1 (52.1) million, an increase with 6 per cent. HiQ’s financial position is solid. Cash flow during the quarter amounts to SEK 61.5 million and liquid assets total SEK 232.8 million. At the end of the quarter we are 1,601 employees at HiQ. The General Meeting decides a dividend of SEK 3.35 per share. A total of
SEK 187 million.

“Overall, earnings for the quarter are quite good. We are growing and profits are increasing. In Finland, the quarter is very strong. In Sweden, we do not reach our full potential. In Gothenburg, quarterly earnings are good, and we clearly see positive results from the measures we took last year. And as we proudly celebrate 20 years as a listed company, we have also done our 65th profitable quarter in a row. Since HiQ’s listing, we have delivered profit in 80 of 81 quarters,” says Lars Stugemo, CEO and President of HiQ.

Invitation to the presentation of HiQ’s interim report at 9.00 a.m. on 25 April

HiQ‘s interim report for January-March 2019 will be presented at 9.00 a.m. on Thursday 25 April at HiQ’s 7th floor office at Katarinavägen 15 in Stockholm.

HiQ helps Sixt launch a new service

As Sixt in Sweden launches Sixt Flex – a completely new service for mobility and long-term rental – it’s turning to HiQ to develop its new website.
“I’m thrilled and proud to gain the confidence of Sixt in Sweden to take part in launching this innovative service,” says Anna Kleine, Managing Director of HiQ Skåne.
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