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.
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.
Ann Hellenius, Director of the Board of HiQ International AB, has announced that she will be leaving the company’s Board with immediate effect, and that she will not be at disposal for re-election. The reason is that Ann has accepted an assignment in a to HiQ competing business.
Net sales during the year amounts to SEK 1 847.1 million. Operating profit for the same period increase by 15 per cent to SEK 226.1 (196.5) million. During the fourth quarter net sales amounts to SEK 491.3 (507.1) million, operating profit increases by 1 per cent to SEK 61.5 (61.2) million and operating margin increases to 12.5 (12.1) per cent. Cash flow for the fourth quarter of the year amounts
HiQ lands new contract to develop new software for global mining and infrastructure machinery manufacturer Epiroc.
"We're really excited about this deal. Epiroc is a world-leading manufacturer for the mining industry and like us, innovation is at the top of their agenda. We're very familiar with this kind of software development, it's a core part of our business. But I think our work with Epiro
