Press

INTOI INTERIM REPORT JANUARY – MARCH 2011

Intoi under name change to IAR Systems Group AB publishes Annual Report 2010 in English

Intoi is being renamed to IAR Systems Group AB to reflect its focus on IAR System AB. Today the parent company is publishing its Interim Report January-March 2011, in English.

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.

 

Stefan Skarin, CEO IAR Systems Group AB

Tel: +46 70 865 10 05                  E-mail: Stefan.skarin@iar.com (Stefan.skarin@iar.com

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