IAR Systems Group AB (publ) Interim Report Jan-June 2017
Strong recovery in Asia and stable performance in the Americas
Sales for the period of SEK 173m and EBITDA of SEK 61m
Operating margin of 30% and cash flow of SEK 59m
January-June 2017
• Net sales of SEK 173.2m (162.3)
• EBITDA of SEK 61.5m (49.1), corresponding to an EBITDA margin of 35.5% (30.3)
• Operating profit of SEK 52.0m (41.3), corresponding to an operating margin of 30.0% (25.4)
• Profit before tax of SEK 51.1m (41.2)
• Basic earnings per share of SEK 3.17 (2.54) and diluted earnings per share of SEK 3.17 (2.54)
• Earnings per share of SEK 3.92 (3.20) after current tax
• Cash flow from operating activities of SEK 58.8m (42.6)
• Net cash of SEK 61.7m (32.6) at the end of the period
April-June 2017
• Net sales of SEK 86.8m (81.8)
• EBITDA of SEK 30.9m (26.0), corresponding to an EBITDA margin of 35.6% (31.8)
• Operating profit of SEK 25.8m (22.1), corresponding to an operating margin of 29.7% (27.0)
• Profit before tax of SEK 25.7m (22.0)
• Basic earnings per share of SEK 1.68 (1.34) and diluted earnings per share of SEK 1.68 (1.34)
• Earnings per share of SEK 1.98 (1.69) after current tax
• Cash flow from operating activities of SEK 32.3m (20.6)
Key events during the period
• IAR Systems supplemented its data security product portfolio through an investment in an equity stake in Secure Thingz
Key events after the end of the reporting period
• The company increased its credit margin by an additional SEK 200m