IAR Systems Group AB (publ) Interim Report Jan-Jun 2016
Net sales of SEK 162m, EBITDA of SEK 49m
Cash flow of SEK 43m, operating margin of 25%
January-June 2016
- Net sales of SEK 162.3m (156.0)
- EBITDA of SEK 49.1m (47.2), corresponding to an EBITDA margin of 30.3% (30.3)
- Operating profit of SEK 41.3m (40.0), corresponding to an operating margin of 25.4% (25.6)
- Profit before tax of SEK 41.2m (39.9)
- Earnings per share of SEK 3.20 (3.06) after current tax
- Basic earnings per share of SEK 2.54 (2.44) and diluted earnings per share of SEK 2.54 (2.44)
- Cash flow from operating activities of SEK 42.6m (50.0)
- Net cash of SEK 32.6m (45.7) at the end of the period
April-June 2016
- Net sales of SEK 81.8m (79.1)
- EBITDA of SEK 26.0m (23.5), corresponding to an EBITDA margin of 31.8% (29.7)
- Operating profit of SEK 22.1m (19.7), corresponding to an operating margin of 27.0% (24.9)
Profit before tax of SEK 22.0m (19.6) - Earnings per share of SEK 1.69 (1.50) after current tax
- Basic earnings per share of SEK 1.34 (1.21) and diluted earnings per share of SEK 1.34 (1.21)
- Cash flow from operating activities of SEK 20.6m (31.7)
Key events during the reporting period
In April 2016, IAR Systems signed an exclusive royalty agreement with Renesas Electronics Corporation for Renesas Synergy Platform, a comprehensive solution for innovative product development in new markets, such as the Internet of Things. The new agreement will provide revenue from royalties for each microprocessor used in the products the customer eventually manufactures. The agreement covers all types of processors offered in Renesas Synergy Platform.
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 Stockholm, Small Cap.
Stefan Skarin, CEO, IAR Systems Group AB
email stefan.skarin@iar.com