Change in delivery volumes to UK automotive customer
One of Semcon’s automotive customers in the UK has announced that as of the second quarter of 2022, it intends to begin producing, under its own management, most of the deliveries that are currently carried out by Semcon’s Product Information business area. The relevant part of the assignment generates net sales of approximately GBP 3.7 million in 2021. The market outlook in the UK remains favourable with opportunities to grow through both new customers and acquisitions.The portion of Semcon’s assignment affected by the change mainly includes the production of service and owner information.