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IAR Systems Group AB (publ) Interim Report Jan-June 2017

Strong recovery in Asia and stable performance in the Americas 

Sales for the period of SEK 173m and EBITDA of SEK 61m
Operating margin of 30% and cash flow of SEK 59m
 

January-June 2017
• Net sales of SEK 173.2m (162.3)
• EBITDA of SEK 61.5m (49.1), corresponding to an EBITDA margin of 35.5% (30.3)
• Operating profit of SEK 52.0m (41.3), corresponding to an operating margin of 30.0% (25.4)
• Profit before tax of SEK 51.1m (41.2)
• Basic earnings per share of SEK 3.17 (2.54) and diluted earnings per share of SEK 3.17 (2.54)
• Earnings per share of SEK 3.92 (3.20) after current tax
• Cash flow from operating activities of SEK 58.8m (42.6)
• Net cash of SEK 61.7m (32.6) at the end of the period

April-June 2017
• Net sales of SEK 86.8m (81.8)
• EBITDA of SEK 30.9m (26.0), corresponding to an EBITDA margin of 35.6% (31.8)
• Operating profit of SEK 25.8m (22.1), corresponding to an operating margin of 29.7% (27.0)
• Profit before tax of SEK 25.7m (22.0)
• Basic earnings per share of SEK 1.68 (1.34) and diluted earnings per share of SEK 1.68 (1.34)
• Earnings per share of SEK 1.98 (1.69) after current tax
• Cash flow from operating activities of SEK 32.3m (20.6)

Key events during the period
• IAR Systems supplemented its data security product portfolio through an investment in an equity stake in Secure Thingz

Key events after the end of the reporting period
• The company increased its credit margin by an additional SEK 200m

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 Mid Cap list of Nasdaq Stockholm.

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

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