I.A.R Systems Group Logo

I.A.R Systems Group

ISIN: SE0005851706 | Ticker: IAR | LEI: 549300MRR0OJ090U6631
Country: Sweden

About I.A.R Systems Group

Company Description

IAR Systems is the world’s leading provider of software for programming processors in embedded systems. IAR Embedded Security is a supplier of advanced security solutions focused on IoT. Together, we provide the solutions required to create the necessary security and assured quality in the development of the digital products of today and the innovations of tomorrow.

Our products are used by many of the world’s largest corporations and thousands of small and medium-sized companies in a range of industries, such as the automotive industry, industrial automation, medical technology, consumer electronics, and the Internet of Things (IoT).

Year founded

1983

Served area

Worldwide

Headcount

215

Headquarters

Strandbodgatan 1A, 75323 Uppsala – Sweden

Financial statements

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Line item in (sek) 01.01.2020 01.01.2021 01.01.2022 02.01.2022 01.01.2023
Assets N/A 833,500,000.00 812,800,000.00 N/A 922,200,000.00
Noncurrent Assets N/A 637,500,000.00 587,100,000.00 N/A 662,600,000.00
Property Plant And Equipment N/A 54,400,000.00 50,100,000.00 N/A 85,000,000.00
Fixtures And Fittings N/A 1,300,000.00 2,000,000.00 N/A 2,900,000.00
Office Equipment N/A 6,200,000.00 12,500,000.00 N/A 13,900,000.00
Goodwill N/A 332,700,000.00 355,900,000.00 N/A 366,600,000.00
Intangible Assets Other Than Goodwill N/A 244,000,000.00 175,600,000.00 N/A 204,100,000.00
Deferred Tax Assets N/A 3,500,000.00 2,500,000.00 N/A 3,200,000.00
Other Noncurrent Financial Assets N/A 2,900,000.00 3,000,000.00 N/A 3,700,000.00
Current Assets N/A 196,000,000.00 225,700,000.00 N/A 259,600,000.00
Inventories N/A 5,700,000.00 9,500,000.00 N/A 11,300,000.00
Trade And Other Current Receivables N/A 122,500,000.00 102,800,000.00 N/A 100,100,000.00
Current Trade Receivables N/A 58,700,000.00 58,900,000.00 N/A 66,600,000.00
Current Prepaid Expenses N/A N/A 40,200,000.00 N/A 28,100,000.00
Other Current Receivables N/A 4,400,000.00 2,900,000.00 N/A 5,100,000.00
Current Tax Assets Current N/A 6,700,000.00 800,000.00 N/A 300,000.00
Cash and cash equivalents 60,700,000.00 67,800,000.00 113,400,000.00 N/A 148,200,000.00
Equity And Liabilities N/A 833,500,000.00 812,800,000.00 N/A 922,200,000.00
Equity 592,000,000.00 613,400,000.00 585,300,000.00 585,300,000.00 666,800,000.00
Issued Capital N/A 139,700,000.00 139,700,000.00 N/A 139,700,000.00
Retained Earnings N/A 246,900,000.00 179,800,000.00 N/A 238,600,000.00
Share Premium N/A 227,800,000.00 228,000,000.00 N/A 228,100,000.00
Other Reserves N/A -1,000,000.00 37,800,000.00 N/A 60,400,000.00
Noncurrent Liabilities N/A 70,000,000.00 49,000,000.00 N/A 82,100,000.00
Deferred Tax Liabilities N/A 37,200,000.00 28,400,000.00 N/A 30,300,000.00
Other Noncurrent Nonfinancial Liabilities N/A 1,100,000.00 1,100,000.00 N/A 1,500,000.00
Current Liabilities N/A 150,100,000.00 178,500,000.00 N/A 173,300,000.00
Trade And Other Current Payables To Trade Suppliers N/A 5,000,000.00 9,200,000.00 N/A 8,400,000.00
Accruals Classified As Current N/A 15,700,000.00 29,900,000.00 N/A 17,900,000.00
Current Tax Liabilities Current N/A 0.00 1,800,000.00 N/A 3,100,000.00
Other Current Nonfinancial Liabilities N/A 10,500,000.00 9,900,000.00 N/A 9,600,000.00
Current Loans Received And Current Portion Of Noncurrent Loans Received N/A 17,500,000.00 18,000,000.00 N/A N/A
Line item in (sek) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
Revenue 372,000,000.00 355,900,000.00 419,900,000.00
Other Income 0.00 2,100,000.00 2,900,000.00
Other Work Performed By Entity And Capitalised N/A 644,000,000.00 502,000,000.00
Cost Of Merchandise Sold 14,100,000.00 12,000,000.00 12,800,000.00
Employee Benefits Expense 187,500,000.00 258,200,000.00 273,000,000.00
Other Expense By Nature 37,700,000.00 48,300,000.00 58,200,000.00
Profit Loss From Operating Activities 83,800,000.00 -68,500,000.00 75,700,000.00
Finance Income 500,000.00 1,500,000.00 300,000.00
Finance Costs 7,500,000.00 1,600,000.00 2,500,000.00
Profit Loss Before Tax 76,800,000.00 -68,600,000.00 73,500,000.00
Income Tax Expense Continuing Operations 17,400,000.00 -1,200,000.00 15,700,000.00
Profit (loss) 59,400,000.00 -67,400,000.00 57,800,000.00
Profit Loss Attributable To Owners Of Parent 59,400,000.00 -67,400,000.00 57,800,000.00
Line item in (sek) 01.01.2020 01.01.2021 01.01.2022 01.01.2023
Profit (loss) N/A 59,400,000.00 -67,400,000.00 57,800,000.00
Cash Flows From Used In Operations N/A 128,000,000.00 136,800,000.00 145,200,000.00
Interest Paid Classified As Operating Activities N/A 1,800,000.00 1,600,000.00 1,700,000.00
Interest Received Classified As Operating Activities N/A 100,000.00 0.00 200,000.00
Income Taxes Paid Refund Classified As Operating Activities N/A 26,700,000.00 15,400,000.00 27,200,000.00
Cash Flows From Used In Operating Activities N/A 118,400,000.00 131,600,000.00 127,700,000.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 3,200,000.00 9,900,000.00 9,300,000.00
Purchase Of Intangible Assets Classified As Investing Activities N/A 78,200,000.00 64,200,000.00 50,200,000.00
Cash Flows From Used In Investing Activities N/A -81,400,000.00 -74,100,000.00 -59,500,000.00
Proceeds From Issuing Other Equity Instruments N/A 100,000.00 200,000.00 100,000.00
Proceeds From Borrowings Classified As Financing Activities N/A 5,500,000.00 900,000.00 N/A
Repayments Of Borrowings Classified As Financing Activities N/A 30,200,000.00 16,200,000.00 39,600,000.00
Cash Flows From Used In Financing Activities N/A -24,600,000.00 -15,100,000.00 -39,500,000.00
Increase (decrease) in cash and cash equivalents before effect of exchange rate changes N/A 12,400,000.00 42,400,000.00 28,700,000.00
Effect Of Exchange Rate Changes On Cash And Cash Equivalents N/A -4,300,000.00 2,700,000.00 5,400,000.00
Cash and cash equivalents 60,700,000.00 67,800,000.00 113,400,000.00 148,200,000.00

Please note that some sums might not add up.

Filings & Publications

Insider Trades

Date Trading entity / Person Association Trade type Volume
05.04.24 Richard Lind Other Buy SEK 244,335.00
05.07.23 Nicolas Hassbjer Other Buy SEK 4,890,000.00
05.05.23 Richard Lind Other Buy SEK 230,000.00
03.05.23 Sabina Nissas Lindén Other Buy SEK 64,800.00
28.04.23 Michael Ingelög Other Buy SEK 415,994.20
28.04.23 Michael Ingelög Other Buy SEK 103,740.00
28.04.23 Michael Ingelög Other Buy SEK 3,668.00
07.03.23 Nicolas Hassbjer Other Buy SEK 4,744,289.00
15.02.23 Haydn Povey Other Sell SEK 701,845.00
13.02.23 Richard Lind Other Buy SEK 137,000.00

Capital markets information

ISIN

SE0005851706

LEI

549300MRR0OJ090U6631

Sector

Information Technology

Industry Group

Software & Services

Industry

Software

Sub-Industry

Application Software

Listed Stock Exchange

Nasdaq Stockholm

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