Semcon’s operating result for the fourth quarter is expected to be above market expectations
Semcon expects to report an operating result for the fourth quarter 2020 of SEK 49 million (49), which is 36 per cent above the analyst estimates. The operating result for the fourth quarter was positively impacted by, among other things, gains in completed projects of SEK 9 million (3). The operating result for the full year 2020 is expected to amount to SEK 130 million (142).
Revenue for the fourth quarter is expected to be SEK 401 million (489) and for the full year 2020 to be SEK 1,627 million (1,858), corresponding to an operating margin for the fourth quarter of 12.1 per cent (10.0) and for the full year of 8.0 per cent (7.6).
All amounts stated in this press release are preliminary and unaudited. Semcon will provide further comments when the Year-end report 2020 is published on Wednesday 10 February at 08:00 a.m. A conference call will be held the same day at 10.00 a.m.
This information is such information as Semcon AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 09.30 a.m. CET on 21 January 2021.
For more information, please contact:
Markus Granlund, CEO
Tel: +46 (0) 31-721 03 06 Email: markus.granlund@semcon.com
Semcon is an international technology company. We turn technology into excellent user experiences by combining digital edge and engineering expertise. With diverse multi-disciplinary teams we add new perspectives creating sustainable and competitive businesses. Regardless if you aim to recharge a current product or service, reinvent new technology or reimagine future needs, our focus is always on human needs and behaviour in order to develop solutions with the clearest benefits to people and our planet. By combining our 40 years of advanced engineering, strategic innovation, digital services and product information solutions, we drive transformation in a wide range of industries with more than 1,800 dedicated employees based in seven different countries. Read more on semcon.com