Net sales in the first quarter amounted to SEK 478.4 (488.3) million. Operating profit for the same period amounts to SEK 54.6 (55.1) million. Our financial position is good with a strong cash flow which during the period amounts to SEK 59.3 (61.5) million and a cash balance of SEK 243.5 million in liquid funds.

  • Net sales total SEK 478.4 (488.3) million
  • Operating profit (EBIT) of SEK 54.6 (55.1) million
  • Operating margin increases to 11.4 (11.3) per cent
  • Pre-tax profit increases to SEK 55.5 (54.7) million
  • Profit after tax increases to SEK 43.5 (43.4) million
  • Earnings per share, before dilution SEK 0.78 (0.78)
  • Cash flow from operations SEK 59.3 (61.5) million
  • Liquid assets increases to SEK 243.5 (232.8) million
  •  HiQ lands new contract and ramps up partnership with Epiroc.
  • HiQ delivers several development teams to leading players in the telecoms industry.
  • HiQ wins several assignments in the public sector that include Västmanlands local public transport, Swedish Data Inspection Board, Swedish eHealth Agency, Mälardalen University, Swedish Tax Agency, Swedish Agency for Marine and Water Management, Swedish National Agency for Higher Vocational Education, Swedish Association of Local Authorities and Regions (SKR), Inera, Region Västra Götaland, and the cities of Helsinki, Seinäjoki and Järvenpää in Finland.
  • HiQ does business with leading e-commerce players in the Nordics.
  • HiQ initiates collaboration with major European consumer product company, delivering consulting services and FRENDS platform.
  • HiQ initiates collaboration with global pharmaceutical company, delivering consulting services and FRENDS platform.
  • HiQ initiates collaboration with leading Finnish energy company, delivering consulting services and FRENDS platform.
  • HiQ FRENDS wins 21 new customers during the quarter.
  • HiQ is chosen as digital agency by children’s cultural centre Funnys Äventyr in Malmö.
  • Johan Dozzi and Katarina Axelsson Lindgren elected to HiQ’s Board.
  • HiQ as an employer ranked as most attractive IT consulting company by market insight company Universum.
  • HiQ starts collaboration with Finnish Savings Banks’ Union COOP.

For further information, please see the enclosed interim report.

HiQ International AB (publ)
The Board of Directors


For further information, please contact:
Lars Stugemo, President and CEO, HiQ, tel. +46 8 588 90 000
Erik Ridman, Director of Communication, HiQ, tel. +46 70 750 80 60

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, at 07.30 CET on 21 April 2020.


Lars Stugemo

Get in touch

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

Get in touch

Erik Ridman
Head of Communications
+46 70-420 00 01
+46 8-588 90 000

Strong cash flow, good cost control – accelerated digitalization

Net sales in the first six months amounted to SEK 917.8 million. Operating profit for the same period amounts to SEK 92.9 million. During the second quarter net sales amounts to SEK 439.4 million and the operating profit to SEK 38.3 million. Cash flow for the first six months amounts to SEK 171.5 million and liquid assets total SEK 340.6 million. This means that our financial position remains strong. We have a strong cash flow, good cost control, we are winning business and are positioned to win market shares.

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HiQ withdraws proposal of a share split and share redemption procedure

The Board of Directors of HiQ International AB has decided to withdraw the previously communicated proposal to the Annual General Meeting 2020 regarding a share split and share redemption procedure of SEK 3.40 per share.

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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.

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