I.A.R. Systems Group Year-end-report 2019

Net sales SEK 106.8m (102.8)
Operating margin 25.4%
A year of new products and healthy growth in strategic transactions

FULL-YEAR 2019
› Net sales of SEK 405.6m (385.2), corresponding to a 5%
increase in net sales
› Sales growth in local currency of 1%
› EBITDA of SEK 145.8m (140.1), corresponding to an
EBITDA margin of 35.9% (36.4)
› Operating profit of SEK 108.4m (115.6), corresponding
to an operating margin of 26.7% (30.0)
› Profit before tax of SEK 107.0m (113.8)
› Basic earnings per share of SEK 5.96 (6.67) and diluted
earnings per share of SEK 5.95 (6.65)
› Cash flow from operating activities of SEK 105.7m (92.6)
› Net cash of SEK -18.4m (103.3) at the end of the period
› The Board intends to propose a dividend of SEK 3.00 per
share for approval by the AGM on April 29, 2020.

OCTOBER–DECEMBER 2019
› Net sales of SEK 106.8m (102.8), corresponding to a
4% increase in net sales
› Sales growth in local currency of 7%
› EBITDA of SEK 37.0m (37.6), corresponding to an
EBITDA margin of 34.6% (36.6)
› Operating profit of SEK 27.1m (31.1), corresponding
to an operating margin of 25.4% (30.3)
› Profit before tax of SEK 27.2m (31.7)
› Basic earnings per share of SEK 1.47 (1.60) and
diluted earnings per share of SEK 1.46 (1.58)
› Cash flow from operating activities of SEK 30.5m
(33.4)