I.A.R. Systems Group AB (publ) Interim Report Jan-March 2020
Business model alleviating the effects of Covid-19
Net sales SEK 92.3m (99.8), EBITDA SEK 26.6m (38.4)
› EBITDA of SEK 26.6m (38.4), corresponding to an EBITDA
margin of 28.8% (38.5)
› Operating profit of SEK 14.4m (29.4), corresponding to
an operating margin of 15.6% (29.5)
› Profit before tax of SEK 14.3m (29.2)
› Basic earnings per share of SEK 0.81 (1.68) and diluted
earnings per share of SEK 0.81 (1.68)
› Cash flow from operating activities of SEK 15.0m (19.1)
› Net cash of SEK -24.4m (-18.4) at the end of the period
EVENTS AFTER THE END OF THE PERIOD
› The Board proposed to the AGM that no decision regarding
dividends be made at the meeting in April. The Board
intends to convene an Extraordinary General Meeting to
be held no later than November 2020 to discuss the issue.
This information is inside information that I.A.R. Systems Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation.
The information was submitted for publication, by the contact person set out below, at 13.00 CET on April 29, 2020.
Contact person: Josefin Skarin, IR-Contact, I.A.R. Systems Group AB, Email: email@example.com
About IAR Systems
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. Since 2018, Secure Thingz, a provider of advanced security solutions for embedded systems in the IoT, is part of IAR Systems. IAR Systems Group AB is listed on NASDAQ OMX Stockholm, Mid Cap. Learn more at www.iar.com.
IAR Systems Contacts
Josefin Skarin, Investor Relations, IAR Systems Group AB
Stefan Skarin, CEO and President, IAR Systems Group AB