IAR Systems Group Interim Report January-March 2012
Sales up by 27% and earnings doubled
- Net sales of SEK 58.0m (45.8)
- Operating profit of SEK 8.0m (3.8)
- Profit before tax of SEK 7.6m (3.7)
- Cash flow from operating activities of SEK 1.3m (-4.1) and net cash of SEK
30.8m (17.7) at the end of the quarter - Operating margin of 13.8% (8.3)
- Earnings per share, calculated on profit from continuing operations, of SEK
0.62 (0.32) after paid tax - In local currency, net sales for the quarter rose by 26% in the Americas,
20% in Europe and 20% in Asia
Key events during the period
- IAR Systems opens a sales office in Seoul, South Korea
- I-jet launched and sales started at the end of the quarter
The english Year-end-report is a translation of the Swedish original. In event of discrepancy between the English translation and the Swedish original, the original Swedish version shall prevail.