Structural costs for the German engineering business will impact Semcon’s Q4

Measures connected with the streamlining of the German engineering business,
(Engineering Services Germany) means that structural costs of around SEK 25
million will impact Q4. The costs are a result of the changes underway in the
business area, initiated earlier this year. The measures consist of
strengthening the market profile, sharpening the offering and improve sales.
This includes for example a new business structure and fewer administrative
staff in the business area. The changes are estimated to take effect in 2016.
Meanwhile the German automotive industry is expected to retain its high demand
for development services.
For more information, please contact:
Markus Granlund, President and CEO, Semcon
Tel: +46 (0)31 721 03 06

Per Nilsson, Communications and Marketing Manager, Semcon
Tel: +46 (0)739 737 200, email: per.nilsson@semcon.com
Semcon is an international technology company in the engineering services and
product information sectors. We have around 3,000 employees with extensive
experience from many different industries. We develop technology, products,
plant and information solutions along the entire development chain and also
provide many services and products in areas such as quality control, training
and methodology development. We contribute to our customers’ competitive
strength by providing innovative solutions, design and solid engineering
expertise. The Group has sales of about SEK 2.7 billion in 2014 and activities
at more than 40 sites in Sweden, Germany, the UK, Brazil, China, Hungary, India,
Spain and Norway.