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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

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.

Invitation to the presentation of HiQ’s interim report at 9.00 a.m. on 24 October

HiQ‘s interim report for January-September 2019 will be presented at 9.00 a.m. on Thursday 24 October at HiQ’s 7th floor office at Katarinavägen 15 in Stockholm.

HiQ broadens its collaboration with Saab

HiQ is expanding its collaboration with defence group Saab. In addition to several ongoing research and development agreements, HiQ has now also signed a framework agreement for IT services.
"Saab is a valuable client that we have worked with ever since HiQ was founded in 1995. We are delighted that they value our efforts so much that they are making us an even more complete supplier,” says Lars Stugemo, President and CEO of HiQ.

 
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