HiQ International: Increased Profits and Record Revenues

Regulatory News:

Net sales in the first quarter increase by 12 per cent and total SEK 391.3 (348.6) million. Operating profit (EBIT) grows with 28 per cent and amounts to SEK 46.1 (36.1) million, which is equivalent to a margin of 11.8 per cent. During March, the Annual General Meeting decided on a shareholders’ dividend of SEK 2.60 per share, totalling SEK 138.2 million.

"We increase our net sales and profits, and improve our margin compared to the same period last year. Our cash flow continues to be strong. As we now turn 20 and leave our teen years behind us, we do it with the sensation that working with what we do has never been more exciting,” says Lars Stugemo, President and CEO at HiQ.

During the first quarter of the year, HiQ wins new framework agreements and assignments with forward clients, and is named one of Sweden’s Career Companies. This authenticates the view of HiQ as an attractive employer.

"We see simplicity as the innovation of our time. As digitalisation and mobility claim a place in all industries, we become an evident innovation partner for our clients. New business models are taking form, and the possibilities to simplify people’s lives through technology are never-ending,” Lars Stugemo concludes.

HiQ’s President and CEO, Lars Stugemo, presents the report today, Wednesday 22 April at 09:00 CET, at HiQ’s head office (Regeringsgatan 20) in Stockholm. The report can be ordered by phone (+46 8 588 90 000) or downloaded from www.hiq.se

HiQ is required by Swedish law (the Securities Market Act and/or the Financial Instruments Trading Act) to publish this information. This information was released for publication at 07:30 CET on 22 April 2015.

HiQ helps to make the world a better place by making people’s lives simpler. We are the perfect partner for everyone eager to achieve results that make a difference in a digital world. Founded in 1995 HiQ currently has 1,400 specialists in four countries and is listed on the Nasdaq Stockholm MidCap list. For more information and inspiration, please visit www.hiq.se

In a world that is spinning faster and faster, HiQ has the know-how and the experience to help our clients all the way from idea to implementation. We see technology as part of a larger context, and as a tool for making a difference in people’s everyday lives. Our creation of innovative services such as the Swish and S-mobiili apps for the banking industry, and our development of active safety systems for the automotive industry – systems that save lives – are just two examples of how we help our customers to do this.

HiQ was established in 1995 and is today listed on the Nasdaq Stockholm MidCap. With the Nordic countries as our base, and 1,400 specialists, we work with global brands that share our desire to make the world a little simpler. And a lot more fun.

This information was brought to you by Cision http://news.cision.com