I.A.R. Systems Group AB (publ) Interim Year-End Report 2022

OCTOBER - DECEMBER 2022

Net sales SEK 108.8m (91.6)
Net sales growth of 18.7%, and 6.8% adjusted for foreign exchange effects.
EBITDA of SEK 32.4m (29.2), corresponding to an EBITDA margin of 29.8% (31.9).
Operating profit of SEK 16.5m (15.2), corresponding to an operating margin of 15.2% (16.6).
Capitalized work on own account amounted to SEK 16.2m (14.1).
In a year-on-year comparison, currency translation had a positive impact of SEK 10.9m on net sales and a positive impact of SEK 4.4m on operating profit for the quarter.
Cash flow from operating activities amounted to SEK 25.8m (40.5).

JANUARY–DECEMBER 2022

Net sales SEK 419.9m (355.9)
Net sales growth of 18.0%, and 8.6% adjusted for foreign exchange effects.
EBITDA of SEK 129.0m (119.9), corresponding to an EBITDA margin of 30.7% (33.7).
Operating profit of SEK 75.7m (65.7), corresponding to an operating margin of 18.0% (18.5).
Capitalized work on own account amounted to SEK 50.2m (64.4).
In a year-on-year comparison, currency translation had a positive impact of SEK 33.4m on net sales and a positive impact of SEK 16.5m on operating profit for the period.
Cash flow from operating activities amounted to SEK 127.7m (131.6).
The Board intends to propse a dividend of SEK 1.5 per share.

KEY EVENTS DURING THE FOURTH QUARTER

No key events during the period

This disclosure contains information that IAR Systems Group AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 09-02-2023 13:00 CET.

About IAR Systems

IAR Systems provides world-leading software and services that drive developer productivity in embedded development and embedded security, enabling companies worldwide to create and secure the products of today and the innovations of tomorrow. IAR Systems today supports more than 15,000 devices from over 200 semiconductor partners worldwide, serving some 100,000 developers working for a mix of Forbes 2000 companies, SMEs, and startups. Founded in 1983, IAR Systems is still headquartered in Uppsala, Sweden, with more than 230 employees in 14 offices distributed across APAC, EMEA, and North America. IAR Systems is owned by I.A.R. Systems Group AB, listed on NASDAQ OMX Stockholm, Mid Cap (ticker symbol:
IAR B). Learn more at www.iar.com.