I.A.R. Systems Group AB (publ) Interim Report Jan-March 2021

Q1 2021 – Growth in all regions
Net sales SEK 88.9m (92.3) MSEK, EBITDA SEK 29.8m (26.6)

› EBITDA of SEK 29.8m (26.6), corresponding to an
EBITDA margin of 33.5% (28.8)
› Operating profit of SEK 17.0m (14.4), corresponding to
an operating margin of 19.1% (15.6)
› Profit before tax of SEK 16.4m (14.3)
› Basic earnings per share of SEK 0.94 (0.81) and diluted
earnings per share of SEK 0.94 (0.81)
› Cash flow from operating activities of
SEK 22.0m (15.0)
› Net cash of SEK 3.0m (1.5) at the end of the quarter

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,
through the agency of the contact person set out below, on
April 27, 2021 1:00 p.m. CEST.

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