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JOHANNA FAGRELL KÖHLER RESIGNS FROM HiQ’S BOARD OF DIRECTORS

Johanna Fagrell Köhler, Director of the Board of HiQ International AB, has announced that she will be leaving the company’s Board with immediate effect after having accepted an operational role in another company.

“Johanna Fagrell Köhler has been a member of HiQ’s Board of Directors since 2011 and has through her long experience in digitalisation and entrepreneurship provided valuable knowledge and experiences to HiQ’s operations. In her new operative role Johanna will naturally no longer be able to commit herself to her work as a member of HiQ’s Board of Directors. We send warm thanks for her commitment to HiQ and wish her all the best for the future”, says Gunnel Duveblad, Chairman of HiQ International AB.

 

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 set out above, at 08.30 CET on 2 January 2018.

Gunnel Duveblad
Gunnel Duveblad Chariman 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

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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