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

Net sales of SEK 77m, EBITDA of SEK 24m
Operating margin of 26%, cash flow of SEK 18m

January–March 2015
• Net sales of SEK 76.9m (62.0)
• EBITDA of SEK 23.7m (13.7)
• Operating profit of SEK 20.3m (11.4)
• Profit before tax of SEK 20.3m (11.6)
• Cash flow from operating activities of SEK 18.3m (13.8)
• Net cash of SEK 83.9m (93.8) at the end of the period
• EBITDA margin of 30.8% (22.1)
• Operating margin of 26.4% (18.4)
• Earnings per share of SEK 1.55 (0.87) after current tax
• Basic earnings per share of SEK 1.23 (0.68) and diluted earnings per share of SEK 1.23 (0.68)

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