I.A.R. Systems Group AB (publ) Interim Year-End Report 2022

OCTOBER - DECEMBER 2022

• Net sales SEK 108.8m (91.6)
• Net sales growth of 18.7%, and 6.8% adjusted for foreign exchange effects.
• EBITDA of SEK 32.4m (29.2), corresponding to an EBITDA margin of 29.8% (31.9).
• Operating profit of SEK 16.5m (15.2), corresponding to an operating margin of 15.2% (16.6).
• Capitalized work on own account amounted to SEK 16.2m (14.1).
• In a year-on-year comparison, currency translation had a positive impact of SEK 10.9m on net sales and a positive impact of SEK 4.4m on operating profit for the quarter.
• Cash flow from operating activities amounted to SEK 25.8m (40.5).

JANUARY–DECEMBER 2022

• Net sales SEK 419.9m (355.9)
• Net sales growth of 18.0%, and 8.6% adjusted for foreign exchange effects.
• EBITDA of SEK 129.0m (119.9), corresponding to an EBITDA margin of 30.7% (33.7).
• Operating profit of SEK 75.7m (65.7), corresponding to an operating margin of 18.0% (18.5).
• Capitalized work on own account amounted to SEK 50.2m (64.4).
• In a year-on-year comparison, currency translation had a positive impact of SEK 33.4m on net sales and a positive impact of SEK 16.5m on operating profit for the period.
• Cash flow from operating activities amounted to SEK 127.7m (131.6).
• The Board intends to propse a dividend of SEK 1.5 per share.

KEY EVENTS DURING THE FOURTH QUARTER

• No key events during the period

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 09-02-2023 13:00 CET.