Structural costs and provisions affect Semcon’s fourth quarter

        Print
| Source: Semcon AB
Following the introduction of a market-oriented organization in the field of
engineering services, structural costs will have an impact the fourth quarter by
around SEK 10 million. The reorganization is expected to generate annual savings
of SEK 6 million. Besides structural costs, the fourth quarter will also be
affected by depreciation in a major project of SEK 5 million. In addition,
Automotive R & D had a relatively weak performance in the fourth quarter mainly
due to project delays.

Demand is expected to improve gradually and Semcon foresees a positive
performance for 2014.
Markus Granlund, President and CEO, Semcon, +46 (0)31 721 03 11
Anders Atterling, Communications Manager, Semcon, +46 (0)704 472 819
Semcon is a global company active in the areas of engineering services and
product information. The Group has 3,000 employees with extensive experience
from many different industries. We develop technologies, products, plants and
information solutions along the entire development chain and also provide many
services including quality control, training and methodology development. Semcon
boosts customers’ sales and competitive strength by providing them with
innovative solutions, design and solid engineering solutions. The Group has
sales of SEK 2.6 billion and activities at more than 45 sites in Sweden,
Germany, the UK, Brazil, Hungary, India, China, Spain and Russia