IAR Systems Group AB Year-end-report 2015

Net sales of SEK 312m, EBITDA of SEK 98m

Operating margin of 27%, cash flow of SEK 99m

Full-year 2015

• Net sales of SEK 311.7m (255.7)
• EBITDA of SEK 98.3m (63.6), corresponding to an EBITDA margin of 31.5% (24.9)
• Operating profit of SEK 83.4m (53.2), corresponding to an operating margin of 26.8% (20.8)
• Profit before tax of SEK 83.3m (53.6)
• Earnings per share of SEK 6.33 (4.15) after current tax
• Basic earnings per share of SEK 5.02 (3.37) and diluted earnings per share of SEK 5.02m (3.35)
• Cash flow from operating activities of SEK 98.7m (70.3)
• Net cash of SEK 87.6m (68.4) at the end of the period
• The Board intends to propose an ordinary dividend of SEK 5.00 and an extraordinary dividend at SEK 2.00 for approval by the Annual General Meeting on April 27, 2016

October-December 2015

• Net sales of SEK 75.9m (66.1)
• EBITDA of SEK 22.2m (16.3), corresponding to an EBITDA margin of 29.2% (24.7)
• Operating profit of SEK 18.4m (13.5), corresponding to an operating margin of 24.2% (20.4)
• Profit before tax of SEK 18.4m (13.5)
• Basic earnings per share of SEK 1.09 (0.84) and diluted earnings per share of SEK 1.09 (0.84)

Key events during the year

• Launch of C-STAT as an add-on product

Events after the reporting period

• The board has set new financial goals

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