HiQ – strong development in Sweden’s best IT services company

HiQ - strong development in Sweden's best IT services company

2007 has begun very well for HiQ. Net sales increased to SEK 235.6 (208.1)
million, which represents organic growth of 13 percent. Operating profit (EBIT)
increased to SEK 50.6 (46.2) million, equivalent to an operating margin of 21.5
percent. Pre-tax profit increased to SEK 50.9 (46.5) million.

“HiQ has made a strong start to the year. We are growing by 13 percent with an
operating margin of 21.5 percent, a very strong result,” says Lars Stugemo,
President and CEO of HiQ.

“We are currently enjoying an economic boom and the IT market in the Nordic
region is characterised by generally good demand. We are able to leverage our
strong position and continue to grow with very good profitability. Today HiQ is
one of the most significant players in the Nordic region within our chosen
niches. In the beginning of the year we were chosen Sweden's best IT services
company by Veckans Affärer, something we, of course, are very proud of,” adds
Stugemo. 

HiQ has a strong brand in the labour market and recruitment during the quarter
was very good.

“The HiQ brand is strong and we are attracting lots of skilled employees who
want to work at the leading edge of technology on exciting assignments for
leading international clients. We give priority to quality both in our
assignments for clients and in creating an attractive workplace for our skilled
staff. The company's growth in recent years is injecting new energy into the
organisation and creates a driving force for new initiatives both geographically
and in terms of our areas of expertise. I am very pleased with the start we have
made to the year,” continues Stugemo. 

HiQ works in long-term customer relationships with leading clients in a number
of different sectors such as telecoms, gaming & entertainment, the automotive
industry, finance, defence, etc. 

HiQ has its base in the telecoms sector and has for more than a decade been
working with leading suppliers, operators and users. 

“One interesting and exciting trend is the development of multimedia solutions. 
HiQ is in a unique position when it comes to development within the area of
communications. We have a strong offering within multimedia and work for example
on developing platforms that allow leading providers to offer IPTV. We also
project manage requirements setting, procurement and the implementation of
operators' new IPTV platforms,” says Stugemo.


HiQ's President and CEO Lars Stugemo presents the report at 9.00 a.m. today,
Thursday 26 April, at HiQ's 9th floor offices at Mäster Samuelsgatan 17 in
Stockholm. 

The report can be ordered on +46 (0)8-588 90 000 or downloaded from www.hiq.se




For further information, please contact:
Lars Stugemo, President and CEO HiQ, tel.: +46 (0)8-588 90 000

Annika Billberg, Head of Corporate Communications and Investor Relations Manager
HiQ, 
tel.: +46 (0)8-588 90 015, +46 (0)704-200 103, annika.billberg@hiq.se

HiQ is an IT and management consultancy company focusing on high-tech solutions
in the fields of communications, software development and simulation technology.
The company is a leader in these fields and the Nordic region is its domestic
market. HiQ employs nearly 850 people at offices in Sweden, Finland and Denmark.
HiQ is listed on the Nordic Exchange's MidCap list. For more information, please
visit www.hiq.se