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HiQ International: YEAR-END REPORT JANUARY - DECEMBER 2011

Press release published at The Swedish Wire
RECORD YEAR FOR HIQ

JANUARY - DECEMBER 2011
·    Net sales of SEK 1,293.5 (1,108.4) million
·    Operating profit (EBIT) of SEK 184.3 (156.0) million, an operating margin of 14.3 percent
·    Pre-tax profit of SEK 186.0 (155.1) million
·    Profit after tax of SEK 135.7 (110.6) million
·    Earnings per share of SEK 2.58 (2.14)
·    Cash flow from operations of SEK 118.1 (94.0) million
·    Liquid assets of SEK 190.5 million
·    The Board proposes that SEK 2,20 per share, totalling around SEK 116 million, is distributed to the shareholders through a split and compulsory redemption procedure
OCTOBER - DECEMBER 2011
·    Net sales of SEK 369.6 (313.8) million
·    Operating profit (EBIT) of SEK 60.6 (47.6) million, an operating margin of 16.4 percent
·    Pre-tax profit of SEK 61.2 (47.7) million
·    Profit after tax of SEK 43.3 (33.7) million
·    Earnings per share of SEK 0.82 (0.65)
SIGNIFICANT EVENTS IN 2011
·    HiQ wins new SEK 13.1 million order from FMV (the Swedish Defence Materiel Administration) for the development of simulators for the JAS 39A Gripen
·    HiQ signs framework agreement with ICA
·    HiQ signs framework agreement with the Finnish Radiation and Nuclear Safey Authority
·    HiQ signs framework agreement with Jeppesen Systems AB
·    HiQ builds a securities trading platform for one of the world's biggest banks in London
·    HiQ signs agreement with Volvo Cars as a preferred supplier in the area of active safety
·    HiQ develops mobile services for OP Pohjola bank in Finland
·    HiQ develops an IP-TV portal for Motorola Mobility
·    HiQ wins award for Finland's best IT project for a project for recycling company Kuusakoski
·    HiQ creates the first live broadcast ever from Stockholm Pride Parade
SIGNIFICANT EVENTS DURING THE FOURTH QUARTER 2011
·    HiQ signs framework agreement with Stockholm County Council
·    HiQ signs framework agreement with the Swedish Meteorological and Hydrological Institute (SMHI)
·    HiQ signs framework agreement as preferred supplier to Bombardier Transportation
·    HiQ signs framework agreement with social insurance agency Försäkringskassan
·    HiQ develops mobile game for international vehicle manufacturer
·    HiQ develops information system for Corenet in Finland
·    HiQ implements services for finnish energy supplier Kuopio Energy
HiQ discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. This report was released for publication at 07:30 CET on 31 January 2012.

HiQ is an IT and management consultancy company focusing on high-tech solutions in the fields of communications and software development. The company is a leading player in these fields and the Nordic region is its domestic market. HiQ employs nearly 1,300 people at offices in the Nordic region and Russia. HiQ is listed on NASDAQ OMX Stockholm Mid Cap. For more information, please visit www.hiq.se

For further information, please contact:
Lars Stugemo, President and CEO HiQ, tel.: +46 8 588 90 000
Peter L Häggström, Head of Marketing and Corporate Communications, tel.: +46 8 588 90 000, +46 704 200 103



This information was distributed by Cision
 

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