2007 - a record year for HiQ, with accelerating growth and substantially increased profits

2007 - a record year for HiQ, with accelerating growth and substantially
increased profits

HiQ has delivered a record year with its highest sales, profits and growth so
far. Sales for the period increased by SEK 172.3 million to SEK 973.7 (801.4)
million. Growth is 21 percent. Operating profit (EBIT) increased by SEK 27.4
million to SEK 182.3 (154.9) million, an operating margin of 18.7 (19.3)
percent. Pre-tax profit increased by SEK 27.6 million to SEK 183.8 (156.2)
million.

“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,” says 
Lars Stugemo, President and CEO of HiQ.

HiQ works on developing solutions in the fields of communications, software
development and simulation technology and now has over 1,000 employees in the
Nordic region and Eastern Europe. HiQ works in long-term customer relationships
with leading players in a number of sectors such as telecoms, gaming &
entertainment, the automotive industry, finance, defence, etc. During the year,
new agreements were signed with clients such as Ericsson, FMV and OMX.

“The use of efficient and exciting communication solutions is increasing
rapidly. Communication is becoming a greater and greater part of our lives, both
at home and at work, 24 hours a day. This development is creating both
requirements and opportunities. HiQ is at the centre of this development and is
contributing in various ways to the functioning and development of
communications. The majority of our projects are about helping our clients to
use communication as a way to develop, improve and become more streamlined. It
is exciting to be a part of this”, says Lars Stugemo.

Recruitment in 2007 has been very successful and the number of employees has
increased by close to 250 people. The total number of staff is now over 1,000.

“2007 is another record year for HiQ. We have grown by 21 percent and have an
operating margin of 18.7 percent. It is a record result that we have been able
to deliver thanks to continued confidence from our clients and the fantastic
work done by all our employees. The IT market in the Nordic region is
characterised by good demand and has a strong position where we are continuing
to grow and gain market shares with very good profitability,” says President and
CEO Lars Stugemo.

HiQ's President and CEO Lars Stugemo will present the report at 9.00 a.m. today,
Wednesday 30 January, at HiQ's 9th floor office 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
Anna Jennehov, Head of Corporate Communications,
tel.: +46 (0)8-588 90 000, +46 (0)704-200 049, anna.jennehov@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 leading player in these fields and the Nordic region is its
domestic market. HiQ employs over 1,000 people at offices in the Nordic region
and Eastern Europe. HiQ is listed on the Nordic Exchange's MidCap list. For more
information, please visit www.hiq.se