” With adjusted operating profit of
we improved 48% year-on-year. Cash flow was a positive
growth of 18%.”
Third quarter 2023
• Net sales growth of 9.7% and 6.0% in local currency.
• EBITDA of
• Adjusted EBITDA of
adjusted EBITDA margin of 40.7% (32.2).
• Operating profit of
• Adjusted operating profit of
• Capitalized work on own account amounted to
• In a year-on-year comparison, currency translation had a positive impact of
net sales and a positive impact of
• Cash flow from operating activities amounted to
Third quarter in brief
• Share buyback begins.
• Reorganization completed, cutting back 25 employees and consultants in Cambridge. This is expected to bring annual cost savings of approximately
About IAR
IAR provides world-leading software and services for embedded development, enabling companies worldwide to create secure and innovative products for today and tomorrow. Since 1983, IAR’s solutions have ensured quality, security, reliability, and efficiency in developing over one million embedded applications for companies across industries such as industrial automation, IoT, automotive and medical. IAR supports 15,000 devices from over 70 semiconductor partners. The company is headquartered in Uppsala,
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