April 26, 2017 / 1:07 PM / 4 months ago

BRIEF-IAR Systems Q1 operating profit up at SEK 26.2 million

April 26 (Reuters) - IAR SYSTEMS GROUP AB

* Q1 NET SALES SEK 86.4 MILLION VERSUS SEK 80.5 MILLION YEAR AGO

* Q1 OPERATING PROFIT SEK 26.2 MILLION VERSUS SEK 19.2 MILLION YEAR AGO

* SAYS FINANCIAL TARGETS ARE SALES SHOULD INCREASE 10-15% ANNUALLY IN LOCAL CURRENCY AND OPERATING MARGIN TO EXCEED 25% OVER BUSINESS CYCLE‍​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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