Despite this, HiQ has never sold more in a second quarter, and our operating profit is the best for an individual quarter in HiQ’s history. This is partly explained by the divestment of our previous offices in Finland, which HiQ reported earlier.
“Demand for our services is good during the first half of the year and we win a lot of exciting new business. Above all, we deepen our partnerships with our major customers, which has been a conscious strategy. We see that demand in the important industry segment continues to increase - an area clearly characterized by R&D, which is HiQ’s core competence,” says Lars Stugemo, President and CEO of HiQ.
Among the news in the second quarter, we see how HiQ works with Scania to develop a mobile solution that allows lorries to get faster help with unplanned stops. Service station chain ST1 and Shell begin working with HiQ to get help with digitalising parts of their business. Car rental company Sixt gets help from HiQ to develop services that make short- or long-term car rental easy. And the software for tech start-up InviSense’s products, which is one of Sweden’s 33 most innovative companies according to tech publication Ny Teknik, is delivered by HiQ.
“Technological developments are progressing at full speed and force – and I truly believe that it is our best tool for building a better, more fun and more sustainable world. And that’s exactly what all our skilled employees at HiQ do at work. Together with our fantastic clients we are building solutions that make the world better, simpler, safer, more fun – and more sustainable,” says Lars Stugemo, President and CEO of HiQ.
HiQ's President and CEO, Lars Stugemo, will present the report today, Tuesday, 16 July, at 09:00 CET
at HiQ's office at Katarinavägen 15, 7th floor, in Stockholm.
The report can be downloaded below.
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 above, at 07.30 CET on 16 July 2019