IAR Systems Group AB (publ) Interim Report Jan-Jun 2013
Stable sales and profit
Growth in local currency, Americas grow by 18%
April - June 2013
• Net sales of SEK 56.1m (56.4).
• Operating profit of SEK 7.7m (7.3).
• Profit before tax of SEK 7.8m (7.7).
• Operating margin of 13.7% (12.9) for the quarter.
• A stronger Swedish krona in 2013 compared to 2012 has had a negative year-on-year impact of SEK 3.3m on sales and SEK 1.8m on operating profit for the quarter.
January - June 2013
• Net sales of SEK 113.8m (114.4).
• Operating profit of SEK 15.8m (15.3).
• Profit before tax of SEK 15.9m (15.3).
• Cash flow from operating activities of SEK
12.9m (15.4).
• Net cash at the end of the quarter was SEK
30.3m (42.6).
• Operating margin of 13.9% (13.4) for the six-month period.
• Earnings per share before dilution and after
current tax amounted to SEK 1.20 (1.22).
• Earnings per share amounted to SEK 1.05 (0.90)
before dilution and SEK 0.97 (0.83) after dilution.
• A stronger Swedish krona in 2013 compared to 2012 had a negative year-on-year impact of SEK 7.4m on sales and SEK 4.4m on operating profit for the period.
Key events during the period
• Launch of certified version of IAR Embedded
Workbench for ARM processors.
• Launch of the debug probe I-scope.