Poor demand continues with an uncertain market situation
The weak economic climate in Europe means that Semcon’s important Swedish export industry is adopting a wait-and-see attitude to new investments, which is having a negative impact on demand and results. Some offices in Germany are still reporting poor results. The relatively poor profitability has meant an overhaul is necessary to further improve activities’ efficiency and customize offers on these markets. We acquired the activities of ibruk AS in Norway in Q3. This means we now have a good platform on which to boost sales in Norway and I’m looking forward to the new opportunities that this