INTERIM REPORT FOR THE PERIOD JANUARY-JUNE 2007

INTERIM REPORT FOR THE PERIOD JANUARY-JUNE 2007

HiQ - accelerating organic growth and strong operating margin

• Net sales increase by SEK 70.0 million to SEK 476.2 (406.2) million, an
increase of 17 percent

• Operating profit (EBIT) increases to SEK 90.3 (76.2) million, an operating
margin of 19.0 (18.8) percent 

• Pre-tax profit increases by SEK 14.2 million to SEK 90.9 (76.7) million

• Profit after tax increases to SEK 65.0 (54.4) million

• Earnings per share increase to SEK 1.30 (1.10)

• Cash flow from operations amounted to SEK 24.9 (25.3) million

• HiQ named Sweden's best IT consulting firm in a survey carried out by Veckans
Affärer

• On 27 March the Annual General Meeting approved a dividend of SEK 2.10 per
share, totalling around SEK 105 million, which was paid out on 4 April

• HiQ has received a new order from the Swedish Defence Materiel Administration
(FMV) for the development of simulators for training fighter pilots for the JAS
39A Gripen. The order amounts to SEK 22.0 million

• HiQ has signed an agreement worth around SEK 30 million over 5 years with
Heidelberger Druckmaschinen AG

• HiQ has acquired MobilEyes AB, experts in the development of mobile products,
applications and services based on Symbian. The company has around 60 employees
in Stockholm and Moscow 

• After the end of the period HiQ signed new framework agreements with Ericsson
and OMX

2007 in brief
HiQ developed very strongly in the first half of 2007. Net sales for the period
increased by 17 percent and the operating margin was 19 percent.  

HiQ holds a clear position in the Nordic region as a supplier of services within
communications, software development and simulation. With close to 1,000
employees, HiQ is today one of the significant players in the Nordic market
within these areas. 

The market for IT services in the Nordic region is characterised by strong
demand. HiQ works in long-term customer relationships with internationally
leading clients in many industries, such as Ericsson, FMV, GTECH, Nokia, Saab,
SEB, SonyEricsson, Tele2 and Volvo.

HiQ is growing organically, supplemented with acquisitions. In the second
quarter HiQ acquired the IT consultancy MobilEyes AB, which employs around 60
people. HiQ MobilEyes specialises in Symbian and works on the development and
testing of mobile services and products - an area in which demand is increasing
substantially. MobilEyes works with internationally leading clients such as
SonyEricsson, UiQ and Telenor.

HiQ MobilEyes adds top-level expertise in the development and testing of mobile
applications and new generation smart phones.

During the period HiQ continued to work on recruiting more staff, with very good
results. HiQ has a strong brand in the labour market and attracts highly capable
employees even in a very competitive market. The rate of staff turnover
demonstrated a declining trend during the period.

HiQ is developing well in its various markets. Gothenburg and Lund are markets
that for HiQ continue to be characterised by very strong growth. 
HiQ has a strong position within the automotive industry and during the period a
new initiative was begun in respect of technological development of active
safety. We aim to recruit 25 new consultants in this area. The term Active
Safety encompasses technology and systems to prevent and avoid vehicle
accidents. 

During the period HiQ enjoyed good growth in sectors such as finance, defence
and telecoms.

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

Annika Billberg, Head of Corporate Communications and Investor Relations
Manager, tel. +46 (0)8-588 90 015, +46 (0)704 200 103

Parent company address
HiQ International AB (556529-3205)
Mäster Samuelsgatan 17, 9th Floor
Box 7421
103 91 STOCKHOLM
tel.: +46 (0)8-588 90 000
fax: +46 (0)8-588 90 001
www.hiq.se


HiQ är ett IT- och managementkonsultföretag som arbetar med högteknologiska
lösningar inom kommunikation, programvaruutveckling och simuleringsteknik.
Bolaget är ledande inom dessa områden och har Norden som hemmamarknad. HiQ har
närmare 1000  anställda med kontor i Norden och Östeuropa. HiQ är noterat på
Nordiska Börsens midcap-lista. För mer information, besök www.hiq.se