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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

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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