IAR Systems Group AB (publ) Interim Report Jan-March 2014

Operating profit improved by 40%

Operating margin was 18.4% (14.0%)

January – March 2014
• Net sales of SEK 62.0m (57.7)
• Operating profit of SEK 11.4m (8.1)
• Profit before tax of SEK 11.6m (8.1)
• Cash flow from operating activities of SEK
13.8m (1.9)
• Net cash at the end of the quarter was SEK 93.8m (46.7)
• Operating margin of 18.4% (14.0).
• Earnings per share after current tax amounted to SEK
0.87 (0.64)
• Earnings per share of SEK 0.69 (0.53) before dilution
and SEK 0.67 (0.49) after dilution

Key events during the quarter
• Launch of C-RUN add-on product for runtime analysis of developed code
• The new issue of 190,000 class B shares through the exercise of
subscription warrants provided the company with proceeds of SEK 6.5

IAR Systems is the world’s leading independent provider of software for programming of processors in embedded systems*. The software is used by around 46,000 customers to develop products based on 8-, 16- and 32-bit processors, mainly in the areas of industrial automation, medical devices, consumer electronics and the automotive industry. IAR Systems has a powerful ecosystem of partners that include the world’s leading semiconductor vendors. IAR Systems Group AB is listed on NASDAQ OMX Stockholm, Small cap.

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