IAR Systems Group AB (publ) Interim Report Jan-Jun 2015

Sales of SEK 156m, EBITDA of SEK 47m

Operating margin of 26%, cash flow of SEK 50m

January–June 2015

Net sales of SEK 156.0m (124.7)
EBITDA of SEK 47.2m (28.9)
Operating profit of SEK 40.0m (24.1)
Profit before tax of SEK 39.9m (24.5)
Cash flow from operating activities of SEK 50.0m (30.5)
Net cash of SEK 45.7m (39.4) at the end of the period
EBITDA margin of 30.3% (23.2)
Operating margin of 25.6% (19.3)
Earnings per share of SEK 3.06 (1.86) after current tax
Basic earnings per share of SEK 2.44 (1.46) and
diluted earnings per share of SEK 2.44 (1.45)

April–June 2015

Net sales of SEK 79.1m (62.7)
EBITDA of SEK 23.5m (15.2)
Operating profit of SEK 19.7m (12.7)
Profit before tax of SEK 19.6m (12.9)
- EBITDA margin of 29.7% (24.2)
- Operating margin of 24.9% (20.3)
- Basic earnings per share of SEK 1.21 (0.78) and
  diluted earnings per share of SEK 1.21 (0.77)

Key events during the period

Launch of C-STAT as an add-on product

IAR Systems is the world’s leading independent provider of software for programming of processors in embedded systems. The software is used by around 46,000 customers to develop products based on 8-, 16- and 32-bit processors, mainly in the areas of industrial automation, medical devices, consumer electronics and the automotive industry. IAR Systems has a powerful ecosystem of partners that include the world’s leading semiconductor vendors. IAR Systems Group AB is listed on NASDAQ Stockholm, Small Cap.