Q3 report Jan. - Sep. 2000
SEMCON CONTINUES TO EXPAND -CONSULTANCY BUSINESS GROWSWITH 34 % * Strong sales growth by 17% to SEK 728.8 million (623.9 m). Core business rose by 34 %. * The operating profit was SEK 50.7 million (59.1 m). * Semcon concentrates on the sectors; telecom, vehicle and medical tech- nology. * Profits are expected to be lower than last year due to winding up of unprofitable activities. Business area Competence development to be reor- ganised. Quotation by C.E.O. Hans Johansson: -Semcon has seen strong and stable growth coupled with sound profitability for over twenty years. A development that is unique in the consultancy sector. -The profitability during this year has been unsatisfactory within certain areas. We therefore review the business. We will refine our activities and expand where we can make profits and where the greatest potential lies. -Semcon's new strategy means an increased focus on competence and sectors. -Our vision is that Semcon will be one of the world's leading design and development businesses. This means that Semcon develops products, processes and people. -The focus will be on product development and associated processes and on the people who will design and develop new generations of products. We work in growth sectors where there is most investment in R&D and product development, i.e. telecom, vehicle and medical technology. -Our customers are leading global businesses in these sectors. They carry out parts of their product development outside Sweden and this is why we will follow our largest customers abroad. Semcon is already a leading supplier to companies such as Ford, Ericsson, Saab Automobile, Adtranz,Gambro.This will also give our staff the opportunity to develop both as individuals and as professionals. IMPORTANT EVENTS DURING THE PERIOD * Semcon introduces a new strategy which concentrates on the sectors; telecom, vehicle and medical technology. * Semcon winds up unprofitable parts. Business area Competence Develop- ment to be reorganised. * Semcon chosen as main supplier to Gambro and Adtranz. * Semcon signs Letter of Intent with Besam about technical information. . ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/10/24/20001024BIT00560/bit0001.doc The full report http://www.bit.se/bitonline/2000/10/24/20001024BIT00560/bit0002.pdf The full report