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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.

President and CEO Lars Stugemo will comment on the report and give a presentation of the company over breakfast.

Welcome!

For registration, and if you have any questions, please contact anmalan@hiq.se

 

Lars Stugemo
Lars Stugemo President and CEO HiQ International +46 8 588 90 000
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.

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.

 

Nomination committee for the Annual General Meeting 2020 – HiQ International AB

In accordance with the decision made by HiQ’s Annual General Meeting, a Nomination Committee has been appointed. The Committee consists of Joachim Spetz, Swedbank Robur Fonder, Mats Gustafsson, Lannebo Fonder and Lilian Biner, Handelsbanken fonder. Joachim Spetz has been appointed chairman of the Nomination Committee. The Committee has also the appointed the chairman of the Board, Gunnel Duveblad, as a member. 
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