Restructuring completed and strong start to year for
IAR Systems
· Net sales of SEK 45.8m (43.6)
· Operating profit of SEK 3.8m (2.9)
· Operating margin of 8.3% (6.7)
· Earnings per share of SEK -3.81 (1.88)
· In local currency, net sales rose by 21% in the USA, 17% in Europe and 28% in Asia
· The Board’s new long-term financial target is for net sales to grow by 10-15% annually in local currency and for operating margin to exceed 20% over a business cycle
Key events during the period
· The Extraordinary General Meeting resolved to distribute Deltaco to the shareholders
Key events after the end of the period
· Deltaco was distributed to the shareholders, with 19 April as the first day of trading on First North
· Northern was sold to its management, which will be approved by an Extraordinary General Meeting to be held directly after the Annual General Meeting on 3 May 2011
· Intoi’s change of name to IAR Systems Group AB will be resolved on by the Annual General Meeting on 3 May 2011.
This English annual report is a translation of the Swedish original.
In event of discrepancy between the English translation and the
Swedish original, the original Swedish version shall prevail.This English annual report is a translation of the Swedish original.
In event of discrepancy between the English translation and the
Swedish original, the original Swedish version shall prevail.
The english Interim-report is a translation of the swedish original. In event of discrepancy between the English translation and the Swedish original, the original Swedish version shall prevail.
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