IAR Systems Group Year-end Report 2013

Record sales and improved profitability

Net cash of SEK 81m, Board proposes extraordinary dividend

October - December 2013

A stronger Swedish krona in 2013 compared to 2012 had a negative year-on-year impact of SEK 2.3m on sales and SEK 0.8m on operating profit

January - December 2013

"Some of the growth we have reported in recent years can be tied to a concept known as the “Internet of Things”. In the latter half of 2013 there was a higher level of both activity and publicity surrounding the Internet of Things. IAR Systems is ideally equipped to help our customers apply the Internet of Things in their products. We currently have 46,000 customers who are already using IAR Embedded Workbench to program their products. Now these products will also be programmed to communicate with the Internet, which will boost demand for our tools. In 2014 we will continue to focus on enhancing our offering and meeting our financial targets." - Stefan Skarin,  President and CEO of IAR Systems Group AB 

IAR Systems is the world’s leading supplier of software tools for developing embedded systems applications. The software enables over 19,000 large and small companies to develop premium products based on 8-, 16-, and 32-bit microcontrollers, mainly in the areas of industrial automation, medical devices, consumer electronics, telecommunication, and automotive products. IAR Systems has an extensive network of partners and cooperates with the world’s leading semiconductor vendors. IAR Systems Group AB is listed on NASDAQ OMX Stockholm. For more information, please visit www.iar.com

Stefan Skarin, CEO, IAR Systems Group AB
email stefan.skarin@iar.com

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