HiQ - accelerating organic growth and strong operating margin

HiQ - accelerating organic growth and strong operating margin

2007 has been a very good year to date for HiQ. Net sales have increased by SEK
70.0 million to SEK 476.2 (406.2) million, representing organic growth of 17
percent. Operating profit (EBIT) has increased to SEK 90.3 (76.2) million,
equivalent to an operating margin of 19.0 (18.8) percent. Pre-tax profit has
increased to SEK 90.9 (76.7) million.

“HiQ has continued to develop very well in 2007. We are growing by 17 percent
combined with an operating margin of 19 percent - a very strong result. 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 first half of this year,”
says Lars Stugemo, President and CEO of HiQ.

HiQ works in long-term 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 for
over a decade has worked with leading manufacturers, operators and users. In the
second quarter we acquired MobilEyes AB, which employs around 60 people. 

“HiQ MobilEyes adds top-level expertise in the development and testing of mobile
applications and new generation smart phones. HiQ has a strong offering in this
area, which has been further reinforced by the acquisition. 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. The
acquisition strengthens our offering to our clients in the telecoms sector and
to all businesses that use mobile solutions in their operations,” continues
Stugemo.

“We are enjoying an economic boom and the IT market in the Nordic region is
characterised by generally good demand. We are leveraging our strong position
and continuing to grow with very good profitability. Today HiQ is one of the
most significant players in the Nordic region within our chosen niches. We have
signed a number of new framework agreements with leading clients including
Ericsson and OMX, and we are naturally very proud of these,” adds Stugemo. 

HiQ has a strong brand in the labour market and recruitment in the first half
has been very good. The rate of staff turnover demonstrated a declining trend
during the period.

“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. We are continuing with this work,” says Stugemo. 

HiQ's President and CEO Lars Stugemo presents the report at 9.00 a.m. today,
Wednesday 15 August, 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 leading player in these fields and the Nordic region is its
domestic market. HiQ employs nearly 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