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THE NOMINATION COMMITTEE OF HiQ PROPOSES SUSANNE EHNBÅGE AS NEW BOARD MEMBER

The Nomination Committee of HiQ has resolved to propose the Annual General Meeting 2018 to elect Susanne Ehnbåge as new Board member.

Susanne Ehnbåge, born1979, is currently President and CEO of the Netonnet Group but will during 2018 take over as CEO of Lindex. The Nomination Committee’s view is that Susanne Ehnbåges’ skills will strengthen the Board, not least through her experiences in transformation to more online-based sales.

"We are very happy that Susanne has accepted to be a part of the HiQ Board. Susanne will with her competences further strengthen an already strong and well-functioning Board”, says Joachim Spetz, chairman of the Nomination Committee.

HiQ’s Nomination Committee has the following members: Joachim Spetz (Swedbank Robur fonder), Maria Rengefors (Nordea fonder), Johan Strandberg (SEB Investment Management) and Gunnel Duveblad (Chairman of HiQ).

Erik Ridman
Erik Ridman Head of Communications HiQ +46 70-750 80 60 +46 8-588 90 000
Joachim Spetz Chairman of the Nomination Committee HiQ 46 70-694 29 79

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.

Change in number of outstanding shares in HiQ during June

As of 28 June 2019 the number of outstanding shares and votes in HiQ International AB amount to 55 842 087 shares, following an increase of the number of shares and votes in June by 2 500.
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