IAR Systems Group AB (publ) Interim Report Jan-Jun 2015

Sales of SEK 156m, EBITDA of SEK 47m

Operating margin of 26%, cash flow of SEK 50m

January–June 2015

• Net sales of SEK 156.0m (124.7)
• EBITDA of SEK 47.2m (28.9)
• Operating profit of SEK 40.0m (24.1)
• Profit before tax of SEK 39.9m (24.5)
• Cash flow from operating activities of SEK 50.0m (30.5)
• Net cash of SEK 45.7m (39.4) at the end of the period
• EBITDA margin of 30.3% (23.2)
• Operating margin of 25.6% (19.3)
• Earnings per share of SEK 3.06 (1.86) after current tax
• Basic earnings per share of SEK 2.44 (1.46) and
  diluted earnings per share of SEK 2.44 (1.45)

April–June 2015

• Net sales of SEK 79.1m (62.7)
• EBITDA of SEK 23.5m (15.2)
• Operating profit of SEK 19.7m (12.7)
• Profit before tax of SEK 19.6m (12.9)
  • EBITDA margin of 29.7% (24.2)
  • Operating margin of 24.9% (20.3)
  • Basic earnings per share of SEK 1.21 (0.78) and
    diluted earnings per share of SEK 1.21 (0.77)

Key events during the period

• Launch of C-STAT as an add-on product