Semcon - Q2 Report January - June 2000

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BOOM IN THE STOCKHOLM REGION CONTRIBUTES TO A STRONG INCREASE IN SALES AND PROFITS DURING Q2 * Sales rose by 24% to SEK 520.5 million (420.8 m). * Profits increased by 19% to SEK 39.2 million (32.9 m), excluding the SPP repayment which is worth SEK 19.6 million. Including the SPP item, profits were up by 79% to SEK 58.8 million (32.9 m). * 85% profit hike within consultancy activities. * Unsatisfactory profitability within training activities. Major pro- gramme of recovery measures now being implemented. * Profit per share at SEK 1.58 excluding SPP (1.37), and SEK 2.37 in- cluding the SPP repayment. * Number of employees rose by 33%. * Forecast of strong sales growth and continuing high margins for the full year remains firm. IMPORTANT EVENTS DURING THE PERIOD * Semcon forms a development company, Euromation, in partnership with Ford (VCC) and AB Volvo. * Semcon strengthens its position in the Öresund region at Copenhagen and Karlskrona with the acquisition of the Pelmatic Group. * Semcon expands further within technical information - new departments opened in Västerås and Karlstad. * Agreement worth SEK 50 million signed with Volvo Car Corporation con- cerning engine development. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/08/22/20000822BIT00920/bit0001.doc The full report http://www.bit.se/bitonline/2000/08/22/20000822BIT00920/bit0002.pdf The full report

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