CONTINUED STRONG GROWTH AND INCREASED PROFITS

CONTINUED STRONG GROWTH AND INCREASED PROFITS

HiQ's net sales for the first half amounted to SEK 652.6 (556.1)
million, an increase of 17 percent compared with the same period last
year. Operating profit (EBIT) was SEK 87.1 (74.7) million, an operating
margin of 13.3 percent. Liquid assets amounted to SEK 125.4 (93.5)
million.

“We have had a good second quarter, with net sales at the highest ever
level for a quarter. Clients and co-workers are choosing HiQ and our
headcount is higher than ever before. We also have a good cash flow and
a stable financial situation says Lars Stugemo, President and CEO of
HiQ.

The use of IT is growing and will continue to do so irrespective of the
economic situation, Openness, technology and streamlining are becoming
increasingly important in society. Openness is made possible as live
images are streamed from the streets and squares of Northern Africa, but
also from Stockholm Pride Parade and the political event Almedalsveckan
on the island of Gotland.

The latest technology is making companies that have based their entire
business on IT competitive. In the financial sector, for example, we are
seeing securities trading being streamlined and taking place at an ever
faster pace. HiQ is among those leading this development - along with
our innovative, forward-looking clients.

“The Nordic region, which is HiQ's market, has a thriving economy. We
have benefitted from strong demand from our clients in the first half.
We are a significant player in the Nordic region with successful clients
and committed, responsible employees. The adventure we call IT has just
started and we are with great confidence looking forward to an exciting
autumn, finishes Lars Stugemo.

HiQ's President and CEO Lars Stugemo presents the report at 9.00 a.m.
today, Tuesday 16 August, at HiQ's new office at Regeringsgatan 20 in
Stockholm.
The report can be requested by telephoning +46 8 588 90 000 or
downloaded from www.hiq.se (http://www.hiq.se/)
HiQ discloses the information provided herein pursuant to the Securities
Market Act and/or the Financial Instruments Trading Act. This press
release was released for publication at 07:30 CET on 16 August 2011.

For further information, please contact:

Lars Stugemo, President and CEO HiQ, tel.: +46 8 588 90 000

Fredrik Malm, CFO and Head of IR at HiQ, tel.: +46 704 200 017

 
HiQ is an IT and management consultancy company focusing on high-tech
solutions in the fields of communications and software development. The
company is a leading player in these fields and the Nordic region is its
domestic market. HiQ employs nearly 1,300 people at offices in the
Nordic region and Russia. HiQ is listed on the NASDAQ OMX Stockholm Mid
Cap. For more information, please visit www.hiq.se (http://www.hiq.se/)