I.A.R. Systems Group AB (publ) Interim Report Apr-June 2022

Q2 2022 Net sales SEK 107.6m (87.4), EBITDA SEK 31.9m (25.9)

APRIL–JUNE 2022

› Growth in net sales was 23.2% and 14.0%, adjusted for
foreign exchange effects.
› EBITDA of SEK 31.9m (25.9), corresponding to an EBITDA
margin of 29.6% (29.6)
› Operating profit of SEK 19.6m (12.6), corresponding to
an operating margin of 18.2% (14.4)
› Profit before tax of SEK 19.1m (11.4)
› Basic earnings per share of SEK 1.05 (0.68) and diluted
earnings per share of SEK 1.05 (0.68)
› In a year-on-year comparison, currency translation
had a positive impact of SEK 8.1m on net sales and a
positive impact of SEK 4.4m on operating profit for the
quarter.
› Cash flow from operating activities amounted to SEK
26.0m (27.6)

KEY EVENTS DURING THE PERIOD
› New Board elected at the Annual General Meeting on
April 26. Sabina Lindén was elected as a new member and
Kent Sander stepped down.
› Long Term Incentive (LTI) 2022 was approved at the Extraordinary
General Meeting on June 13.

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,
through the agency of the contact person set out below, on
August 17, 2022 at 1:00 p.m. CEST.

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.