IAR Systems Group AB (publ) Interim Report Jan-Sept 2017

A stronger Europe results in our best quarterly results

Third quarter EBITDA of SEK 33.8m
Net sales for the period of SEK 257m and EBITDA of SEK 95m Operating margin of 31% and cash flow of SEK 91m

January–September 2017

• Net sales of SEK 257.4m (243.4)
• EBITDA of SEK 95.3m (82.0), corresponding to an EBITDA margin of 37.0% (33.7)
• Operating profit of SEK 80.6m (69.8), corresponding to an operating margin of 31.3% (28.7)
• Profit before tax of SEK 79.3m (69.7)
• Basic earnings per share of SEK 4.77 (4.27) and diluted earnings per share of SEK 4.77 (4.27)
• Earnings per share of SEK 5.89 (5.38) after current tax
• Cash flow from operating activities of SEK 90.6m (74.7)
• Net cash of SEK 87.3m (61.6) at the end of the period

January–September 2017

• Net sales of SEK 257.4m (243.4)
• EBITDA of SEK 95.3m (82.0), corresponding to an EBITDA margin of 37.0% (33.7)
• Operating profit of SEK 80.6m (69.8), corresponding to an operating margin of 31.3% (28.7)
• Profit before tax of SEK 79.3m (69.7)
• Basic earnings per share of SEK 4.77 (4.27) and diluted earnings per share of SEK 4.77 (4.27)
• Earnings per share of SEK 5.89 (5.38) after current tax
• Cash flow from operating activities of SEK 90.6m (74.7)

Net cash of SEK 87.3m (61.6) at the end of the period


Key events during the period

• IAR Systems supplemented its data security product portfolio through an investment in an equity stake in Secure Thingz
• The company increased its credit margin by an additional SEK 200m

IAR Systems is the world’s leading independent provider of software for programming of processors in embedded systems. IAR Systems’ software is used by many of the world’s largest corporations, as well as thousands of small and medium-sized companies, mainly operating in industrial automation, medical technology, telecommunications, consumer electronics and the automotive industry. IAR Systems Group AB is listed on the Mid Cap list of Nasdaq Stockholm.

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