HiQ International: GROWTH AND STRONG FINANCIAL POSITION

STOCKHOLM--()--Regulatory News:

Net sales in the first half of the year total SEK 694.8 (684.4) million. Operating profit (EBIT) is SEK 66.3 (71.1) million, which is equivalent to a margin of 9.5 per cent. Liquid assets total SEK 119.8 million.

“HiQ continues to grow and we are now more employees than ever before. We perform a solid result in a seasonally challenging quarter and we keep on winning new assignments and framework agreements. It’s gratifying to note that we have a strong financial position and that we distributed a dividend of SEK 2.60 per share, approximately SEK 137 million, to our shareholders during the second quarter,” says Lars Stugemo, President and CEO of HiQ.

The digital and mobile development is creating endless possibilities and the demand for functioning IT solutions has never been stronger. Vast experience and profound know-how makes HiQ a given partner to companies and organisations for whom IT has become a critical factor. During the second quarter, HiQ for example wins a business critical assignment with Finnair, with the task to help the airline company with development, support and operation of critical systems.

“IT will continue evolving into an even bigger and more natural part of our lives, around the clock and whether you are 3 or 103 years old. With strong finances, creative clients, and skilled employees we look forward to continue being a leading player in the development that is simplifying people’s everyday lives,” Lars Stugemo concludes.

HiQ’s President and CEO, Lars Stugemo, presents the report today, Tuesday 12 August 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 12 August 2014.

For more information, please contact:

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

Laura Manninen, acting Head of Corporate Communications HiQ, tel. +46 734 481 317

HiQ simplifies and improves people’s lives by using hi-tech solutions in communications and software development. The company is a leader in these areas and has the Nordic region as its home market. HiQ employs more than 1,300 staff and has offices both in the Nordic countries and in Russia. HiQ is listed on the NASDAQ OMX Stockholm Mid Cap List. For more information, please visit www.hiq.se.

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

Contacts

HiQ
Lars Stugemo, +46 8 588 90 000
President and CEO
or
Laura Manninen, +46 734 481 317
Acting Head of Corporate Communications

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Contacts

HiQ
Lars Stugemo, +46 8 588 90 000
President and CEO
or
Laura Manninen, +46 734 481 317
Acting Head of Corporate Communications