Press

IAR Systems Group AB (publ) Interim Report Jan-Sept 2016

Best quarter on record – Operating margin of 35% 

Sales for the period of SEK 243m and EBITDA of SEK 82m 

January-September 2016 

  • Net sales of SEK 243.4m (235.8) 
  • EBITDA of SEK 82.0m (76.1), corresponding to an EBITDA margin of 33.7% (32.3)
  • Operating profit of SEK 69.8m (65.0), corresponding to an operating margin of 28.7% (27.6)
  • Profit before tax of SEK 69.7 (64.9)
  • Earnings per share of SEK 5.38 (4.96) after current tax
  • Basic earnings per share of SEK 4.27 (3.93) and diluted earnings per share of SEK 4.27 (3.93)
  • Cash flow from operating activities of SEK 74.7m (70.6)
  • Net cash of SEK 61.6m (62.6) at the end of the period

July-September 2016 

  • Net sales of SEK 81.1m (79.8) 
  • EBITDA of SEK 32.9m (28.9), corresponding to an EBITDA margin of 40.6% (36.2)
  • Operating profit of SEK 28.5m (25.0), corresponding to an operating margin of 35.1% (31.3)
  • Profit before tax of SEK 28.5m (25.0)
  • Earnings per share of SEK 2.18 (1.90) after current tax
  • Basic earnings per share of SEK 1.73 (1.49) and diluted earnings per share of SEK 1.73 (1.49)
  • Cash flow from operating activities of SEK 32.1m (20.6)

Key events during the reporting period 

In April 2016, IAR Systems signed an exclusive royalty agreement with Renesas Electronics Corporation for Renesas Synergy Platform, a comprehensive solution for innovative product development in new markets, such as the Internet of Things. The new agreement will provide revenue from royalties for each microprocessor used in the products the customer eventually manufactures. The agreement covers all types of processors offered in Renesas Synergy Platform. 

IAR Systems is the world’s leading independent provider of software for programming of processors in embedded systems. IAR Systems’ software is used by many of the world’s largest corporations, as well as thousands of small and medium-sized companies, mainly operating in industrial automation, medical technology, telecommunications, consumer electronics and the automotive industry. IAR Systems Group AB is listed on the Small Cap list of Nasdaq Stockholm.

Stefan Skarin, CEO, IAR Systems Group AB
email stefan.skarin@iar.com

© IAR Systems 1995-2016 - All rights reserved.