IAR Systems Group AB (publ) Interim Report Jan-Jun 2016

Net sales of SEK 162m, EBITDA of SEK 49m

Cash flow of SEK 43m, operating margin of 25%

January-June 2016

April-June 2016

Key events during the reporting period

In April 2016, IAR Systems signed an exclusive royalty agreement with Renesas Electronics Corporation for Renesas Synergy Platform, a comprehensive solution for innovative product development in new markets, such as the Internet of Things. The new agreement will provide revenue from royalties for each microprocessor used in the products the customer eventually manufactures. The agreement covers all types of processors offered in Renesas Synergy Platform.

IAR Systems is the world’s leading independent provider of software for programming of processors in embedded systems. The software is used by around 46,000 customers to develop products based on 8-, 16- and 32-bit processors, mainly in the areas of industrial automation, medical devices, consumer electronics and the automotive industry. IAR Systems has a powerful ecosystem of partners that include the world’s leading semiconductor vendors. IAR Systems Group AB is listed on NASDAQ Stockholm, Small Cap.

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

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