I.A.R. Systems Group AB Year-end-report 2020

Increased demand for security and Linux-based products
Net sales SEK 90.7m (106.8), EBITDA SEK 32.5m (37.0)

FULL-YEAR 2020
› EBITDA of SEK 132.7m (145.8), corresponding to an
EBITDA margin of 35.7% (35.9)
› Operating profit of SEK 83.8m (108.4), corresponding to
an operating margin of 22.5% (26.7)
› Profit before tax of SEK 76.8m (107.0)
› Basic earnings per share of SEK 4.35 (5.96) and diluted
earnings per share of SEK 4.35 (5.95)
› Cash flow from operating activities of SEK 118.4m
(105.7)
› Net cash of SEK 1.5m (-18.4) at the end of the year
› The Board intends to not propose any dividend for
approval by the AGM on April 27, 2021

OCTOBER–DECEMBER 2020
› EBITDA of SEK 32.5m (37.0), corresponding to an EBITDA
margin of 35.8% (34.6)
› Operating profit of SEK 19.0m (27.1), corresponding to an
operating margin of 20.9% (25.4)
› Profit before tax of SEK 14.5m (27.2)
› Basic earnings per share of SEK 0.88 (1.47) and diluted
earnings per share of SEK 0.88 (1.46)
› Cash flow from operating activities of SEK 27.8m
(30.5)

KEY EVENTS
After the balance sheet date, the nominating committee announced
a proposal that the Annual General Meeting on April
27, 2021 elect Nicolas Hassbjer as the new Board Chairman
and Cecilia Wachtmeister as a new Board member. Current
Chairman Maria Wasing has declined re-election.

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, on February 9, 2021, at
1:00 p.m. CET.

Contact person: Josefin Skarin, Investor Contact, I.A.R. Systems
Group AB, Email: josefin.skarin@iar.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.

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