Semcon makes changes to the business

Semcon makes changes to the business

Semcon is continuing to streamline its business.  Semcon's board has decided to
sell off all the activities in the Zpider business area. Furthermore Henrik Sund
will leave his position as Semcon's CEO. Additionally a cost-cutting scheme is
being introduced to reduce overhead costs.

Semcon today is on the brink of a global expansion with fantastic business
opportunities. To take advantage of these opportunities means we must focus on
our core business in product development and technical information. Since its
start, just over seven years ago, the Zpider business area has been very
successful but doesn't fit in to this future scenario.  
“Fortunately enough, we are seeing very considerable growth and demand at
Zpider, but for Zpider to have the best possible chance to further develop its
business, we think they will achieve this better on the back of new ownership,”
says Kjell Nilsson, Semcon's Chairman of the Board. 
The sales process will start immediately. The aim is to have sold the business
by the end of the year. 

Change of CEO
Semcon has today terminated Henrik Sund's employment as the company's CEO. The
recently appointed CFO Björn Strömberg has been appointed acting CEO. When a new
CEO is appointed he will revert to his role as Semcon's CFO. By way of
introduction Semcon's Chairman, Kjell Nilsson will be working on the process of
change and expansion.

Cost-cutting scheme
To underpin our continued success, a cost-cutting scheme is being started
immediately aimed at reducing overheads at a central level. The scheme will
produce annual savings of at least SEK 30 million in Sweden and SEK 15 million
in Germany. Measures in the scheme will be carried out before the year's end and
their full effect is expected to be seen in the 2008 financial year. 

More information about the above changes will be presented in conjunction with
Semcon's interim report to be published on 22 August. 


For more information, please contact: 
Anders Atterling, IR manager, Semcon AB, +46 (0)704 47 28 19
Kjell Nilsson, Chairman of the Board, Semcon AB, +46 (0)702 60 01 21


Semcon is 2 800 committed people with a passion for product development,
technical information and IT. Today, Semcon is in 14 countries on five
continents. Semcon had pro forma sales of around SEK 2.4 billion in 2006 and is
listed on the Stockholm Stock Exchange's Nordic list