INTOI INTERIM REPORT JANUARY – MARCH 2011

Restructuring completed and strong start to year for
IAR Systems

• Net sales of SEK 45.8m (43.6)
• Operating profit of SEK 3.8m (2.9)
• Operating margin of 8.3% (6.7)
• Earnings per share of SEK -3.81 (1.88)
• In local currency, net sales rose by 21% in the USA, 17% in Europe and 28% in Asia
• The Board’s new long-term financial target is for net sales to grow by 10-15% annually in local currency and for operating margin to exceed 20% over a business cycle

Key events during the period

• The Extraordinary General Meeting resolved to distribute Deltaco to the shareholders

Key events after the end of the period

• Deltaco was distributed to the shareholders, with 19 April as the first day of trading on First North
• Northern was sold to its management, which will be approved by an Extraordinary General Meeting to be held directly after the Annual General Meeting on 3 May 2011
• Intoi’s change of name to IAR Systems Group AB will be resolved on by the Annual General Meeting on 3 May 2011.
  
  This English annual report is a translation of the Swedish original.
  In event of discrepancy between the English translation and the
  Swedish original, the original Swedish version shall prevail.This English annual report is a translation of the Swedish original.
  In event of discrepancy between the English translation and the
  Swedish original, the original Swedish version shall prevail.

 

The english Interim-report is a translation of the swedish original. In event of discrepancy between the English translation and the Swedish original,  the original Swedish version shall prevail.