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CHANGE IN NUMBER OF OUTSTANDING SHARES IN HiQ DURING MAY

As of 31 May 2017 the number of outstanding shares and votes in HiQ International AB amount to 54 935 859 shares, out of which 35 500 are interim shares.

The change in number of outstanding shares is partly a result of the redemption of redemption shares as a consequence of the implementation of the decision made by the Annual General Meeting on 22 March 2017, regarding a split with compulsory redemption procedure.

By this procedure 3.10 SEK per share, totalling approximately SEK 170 million, was distributed to HiQ’s shareholders.In addition, 35 500 interim shares have been issued in May due to exercise of warrants.

CHANGE IN NUMBER OF OUTSTANDING SHARES IN HiQ DURING MAY (pdf)

 HiQ discloses the information provided herein pursuant to the Financial Instruments Trading Act. This press release was submitted for publication at 15.00 CET on 31 May 2017.

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

HiQ partners with Orkla Foods

HiQ is initiating a partnership with Orkla Foods to explore future digital solutions that help consumers make smart, sustainable choices in the food jungle.
“This project will deliver innovative new digital solutions with a sharp focus on sustainability and fully aligns with HiQ’s vision to make the world better and a little more fun. We are thrilled to get the opportunity to do this together with Orkla Foods,” says Anna Kleine, Managing Director of HiQ Skåne.

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.
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