I.A.R. Systems Group AB (publ) Interim Report Jan-June 2020
Second quarter characterized by strategic transactionsNet sales SEK 100.1m (99.0), EBITDA SEK 36.8m (32.9)
› EBITDA of SEK 63.4m (71.3), corresponding to an
EBITDA margin of 33.0% (35.9)
› Operating profit of SEK 39.4m (53.2), corresponding to
an operating margin of 20.5% (26.8).
› Profit before tax of SEK 37.4m (51.0)
› Basic earnings per share of SEK 2.11 (2.91) and diluted
earnings per share of SEK 2.10 (2.90)
› Cash flow from operating activities of
SEK 57.9m (47.9)
› Net debt of SEK 10.1m (18.4) at the end of the period
› EBITDA of SEK 36.8m (32.9), corresponding to an
EBITDA margin of 36.8% (33.2)
› Operating profit of SEK 25.0m (23.8), corresponding to an
operating margin of 25.0% (24.0).
› Profit before tax of SEK 23.1m (21.8)
› Basic earnings per share of SEK 1.29 (1.23) and diluted
earnings per share of SEK 1.29 (1.22)
› Cash flow from operating activities of SEK 42.9m (28.8)
EVENTS AFTER THE END OF THE PERIOD
› Due to the ongoing COVID-19 pandemic, the Board decided
not to propose any dividends for the 2019 financial year.
As a result of this decision, the Board will not convene an
extraordinary general meeting.
This information is inside information that I.A.R. Systems
Group AB (publ) is obliged to make public pursuant to the
EU Market Abuse Regulation. The information was submitted
for publication, by the contact person set out below, on
August 19, 2020, at 2:00 p.m. CEST.
Contact person: Josefin Skarin, Investor Contact, I.A.R. Systems
Group AB, Email: email@example.com
About IAR Systems
IAR Systems supplies future-proof software tools and services for embedded development, enabling companies worldwide to create the products of today and the innovations of tomorrow. Since 1983, IAR Systems’ solutions have ensured quality, reliability and efficiency in the development of over one million embedded applications. The company is headquartered in Uppsala, Sweden and has sales and support offices all over the world. Since 2018, Secure Thingz, a provider of advanced security solutions for embedded systems in the IoT, is part of IAR Systems. IAR Systems Group AB is listed on NASDAQ OMX Stockholm, Mid Cap. Learn more at www.iar.com.
IAR Systems Contacts
Josefin Skarin, Investor Relations, IAR Systems Group AB
Stefan Skarin, CEO and President, IAR Systems Group AB