IAR Systems Group Year-end-report 2017
NEW ALLIANCES AND
STRONG FINANCIAL POSITION
NET SALES FOR THE YEAR OF SEK 345M AND EBITDA OF SEK 127M
OPERATING MARGIN OF 31% AND CASH FLOW OF SEK 124M
FULL-YEAR 2017
- Net sales of SEK 345.0m (328.4)
- EBITDA of SEK 127.2m (113.2), corresponding to an EBITDA margin of 36.9% (34.5)
- Operating profit of SEK 107.4m (96.5), corresponding to an operating margin of 31.1% (29.4)
- Profit before tax of SEK 105.7m (96.1)
- Basic earnings per share of SEK 6.33 (5.86) and diluted earnings per share of SEK 6.33 (5.86) Earnings per share of SEK 7.32 (7.38) after current tax
- Cash flow from operating activities of SEK 123.9m (114.2)
- Net cash of SEK 117.0m (96.5) at the end of the period
- The Board intends to propose an ordinary dividend of SEK 5.00 for approval by the Annual General Meeting on April 25, 2018
OCTOBER-DECEMBER 2017
- Net sales of SEK 87.6m (85.0)
- EBITDA of SEK 31.9m (31.2), corresponding to an EBITDA margin of 36.4% (36.7)
- Operating profit of SEK 26.8m (26.7), corresponding to an operating margin of 30.6% (31.4)
- Profit before tax of SEK 26.4m (26.4)
- Basic earnings per share of SEK 1.56 (1.59) and diluted earnings per share of SEK 1.56 (1.59)
- Earnings per share of SEK 1.43 (2.00) after current tax
- Cash flow from operating activities of SEK 33.3m (39.5)
KEY EVENTS DURING THE YEAR
- IAR Systems supplemented its data security product portfolio through an investment in an equity stake in Secure Thingz
- The company increased its credit margin by an additional SEK 200m
- IAR Systems supports new Amazon Web Services IoT Microcontroller Operating System Amazon FreeRTOS at Launch
This information constitutes insider information that IAR Systems Group AB (publ) is obliged to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 08:00 a.m. on February 6, 2018.
Contact persons at IAR Systems Group AB
Josefin Skarin, Investor Contact, IAR Systems Group AB
Email: josefin.skarin@iar.com
Stefan Skarin, President and CEO, IAR Systems Group AB
Email: stefan.skarin@iar.com