I.A.R. Systems Group AB (publ) Interim Report Jan-March 2023

First quarter 2023

• Net sales SEK 107.7m (97.4)

• Net sales growth of 10.6% and 4.6% adjusted for foreign exchange effects.

• EBITDA of SEK 25.3m (30.3), corresponding to an EBITDA margin of 23.5% (31.1).

• Adjusted EBITDA of SEK 27.0m (30.3), corresponding to an EBITDA margin of 25.1% (31.1).

• Operating profit of SEK 11.4m (17.3), corresponding to an operating margin of 10.6% (17.8).

• Capitalized work on own account amounted to SEK 9.4m (12.2).

• In a year-on-year comparison, currency translation had a positive impact of SEK 5.9m on net sales and a positive impact of SEK 3.9m on operating profit for the period.

• Cash flow from operating activities amounted to SEK 26.1m (28.8).

 

Key events during the first quarter

• Chief Strategy Officer Haydn Povey left IAR

• IAR updated its logo and modernized its brand profile to support its strategic plan

 

Contacts

Hanna Laurentz, Head of Corporate Communications, IAR

Tel: +46 18 16 78 00   E-mail: [email protected] 

 

About IAR

IAR provides world-leading software and services for embedded development, enabling companies worldwide to create secure and innovative products for today and tomorrow. Since 1983, IAR’s solutions have ensured quality, security, reliability, and efficiency in developing over one million embedded applications for companies across industries such as industrial automation, IoT, automotive and medical. IAR supports 15,000 devices from over 200 semiconductor partners. The company is headquartered in Uppsala, Sweden, and has sales and support offices worldwide. IAR is owned by I.A.R. Systems Group AB, listed on NASDAQ OMX Stockholm, Mid Cap (ticker symbol: IAR B). Learn more at www.iar.com.

This disclosure contains information that IAR Systems Group AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 26-04-2023 13:00 CET.