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I.A.R. Systems Group AB (publ) Interim Report Jan-Sept 2020

Strengthened cash flow and increased number of strategic customers in Asia  

Net sales SEK 88.9m (100.0), EBITDA SEK 36.8m (37.5)
 

JANUARY–SEPTEMBER 2020
› EBITDA of SEK 100.2m (108.8), corresponding to an
EBITDA margin of 35.6% (36.4)
› Operating profit of SEK 64.8m (81.3), corresponding to
an operating margin of 23.0% (27.2)
› Profit before tax of SEK 62.3m (79.8)
› Basic earnings per share of SEK 3.48 (4.49) and diluted
earnings per share of SEK 3.47 (4.48)
› Cash flow from operating activities of SEK 90.6m (75.2)
› Net cash of SEK 0.4m (11.7) at the end of the period
 
JULY–SEPTEMBER 2020
› EBITDA of SEK 36.8m (37.5), corresponding to an
EBITDA margin of 41.4% (37.5)
› Operating profit of SEK 25.4m (28.1), corresponding to an
operating margin of 28.6% (28.1)
› Profit before tax of SEK 24.9m (28.8)
› Basic earnings per share of SEK 1.37 (1.58) and diluted
earnings per share of SEK 1.37 (1.58)
› Cash flow from operating activities of SEK 32.7m (27.3)

KEY EVENTS
Due to the ongoing COVID-19 pandemic, the Board decided
not to propose any dividends for the 2019 financial year. As a
result of this decision, the Board will not convene an extraordinary
general meeting.

This information is inside information that I.A.R. Systems
Group AB (publ) is obliged to make public pursuant to the
EU Market Abuse Regulation. The information was submitted
for publication, by the contact person set out below, on
November 5, 2020, at 1:00 p.m. CET.

About IAR Systems

IAR Systems supplies future-proof software tools and services for embedded development, enabling companies worldwide to create the products of today and the innovations of tomorrow. Since 1983, IAR Systems’ solutions have ensured quality, reliability and efficiency in the development of over one million embedded applications. The company is headquartered in Uppsala, Sweden and has sales and support offices all over the world. Since 2018, Secure Thingz, a provider of advanced security solutions for embedded systems in the IoT, is part of IAR Systems. IAR Systems Group AB is listed on NASDAQ OMX Stockholm, Mid Cap. Learn more at www.iar.com.

IAR Systems Contacts

Josefin Skarin, Investor Relations, IAR Systems Group AB

Email: josefin.skarin@iar.com

Stefan Skarin, CEO and President, IAR Systems Group AB

Email: stefan.skarin@iar.com

© IAR Systems 1995-2020 - All rights reserved.

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