I.A.R. Systems Group AB (publ) Interim Report Jan-Sept 2019

Net sales SEK 100.0m (97.9)
Operating margin 28.1%
Customers confirm the potential of new products

JANUARY–SEPTEMBER 2019
› Net sales of SEK 298.8m (282.4)
› Sales growth in local currency of 0%
› EBITDA of SEK 108.8m (102.5), corresponding to an
EBITDA margin of 36.4% (36.3)
› Operating profit of SEK 81.3m (84.5), corresponding to an
operating margin of 27.2% (29.9)
› Profit before tax of SEK 79.8m (82.1)
› Basic earnings per share of SEK 4.49 (5.02) and diluted earnings
per share of SEK 4.48 (5.01)
› Cash flow from operating activities of
SEK 75.2m (59.2)
› Net cash of SEK -11.7m (88.6) at the end of the period

JULY–SEPTEMBER 2019
› Net sales of SEK 100.0m (97.9)
› Sales growth in local currency of -10%
› EBITDA of SEK 37.5m (37.8), corresponding to an EBITDA
margin of 37.5% (38.6)
› Operating profit of SEK 28.1m (31.3), corresponding to an
operating margin of 28.1% (32.0)
› Profit before tax of SEK 28.8m (31.0)
› Basic earnings per share of SEK 1.58 (1.97) and diluted
earnings per share of SEK 1.58 (1.96)
› Cash flow from operating activities of SEK
27.3m (14.9)

IAR Systems supplies future-proof software tools and services for embedded development, enabling companies worldwide to create the products of today and the innovations of tomorrow. Since 1983, IAR Systems’ solutions have ensured quality, reliability and efficiency in the development of over one million embedded applications. The company is headquartered in Uppsala, Sweden and has sales and support offices all over the world. IAR Systems Group AB is listed on NASDAQ OMX Stockholm, Mid Cap. Learn more at www.iar.com.

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