Structural Costs for the German Engineering Business Will Impact Semcon’s Q4

Regulatory News:

Semcon (STO:SEMC)

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.

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.

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