Sales increase and improved results Semcon introduced a new

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News Desk 2018

Apr 28, 2014 at 6:00 AM

Sales increase and improved results

Semcon introduced a new market-oriented organization on 1 January for engineering services, which has been well received by both employees and customers alike. The year began with a sales increase and improved results compared to last year. Demand is expected to gradually improve and we expect positive developments to continue in 2014. • The operating income was SEK 704 million (626) and organic growth was 10% • The operating profit was SEK 41 million (35), giving an operating margin of 5.9% (5.6) • The profit after tax was SEK 30 million (25) • Earnings per share (EPS) after dilution was SEK 1.63 (1.38) • The equity/assets ratio was 52% (50) • Return on shareholder’s’ equity was 15% (21) Income and result Operating income rose by SEK 78 million to SEK 704 million (626), giving organic growth of 10%. The sales growth is not only due to increased demand, but also that some projects included a greater amount of purchases of goods and services. The operating profit improved by SEK 6 million, amounting to SEK 41 million (35), giving an operating margin of 5.9% (5.6). Net financial items amounted to SEK -1 million (-1), giving a profit before tax of SEK 40 million (34). Tax costs for the quarter stood at SEK -10 million (-9). The profit after tax was SEK30 million (25) and EPS after dilution was SEK 1.63 (1.38). Financial position The operating cash flow from current activities was SEK -51 (-17). The Group’s cash and bank balances amounted to SEK 51 million (55) with additional non -utilized credit of SEK 309 million (336) as at 31 March. Investments in hardware, licences, office supplies and equipment, amounted to SEK 7 million (4). Shareholders’ equity amounted to SEK 666 million (599) and the equity/ assets ratio was 52% (50). The Group’s net debt has fallen by SEK 32 million over the past year and amounted to SEK 49 million (81) and the debt/equity ratio was 0.1 times (0.1) with an interest coverage ratio of 14 times (25). Staff and organisation The headcount on 31 March was 3,042 (2,969). The number of employees in active service was 2,902 (2,867). In the respective business areas the headcount is as follows: Engineering Services Nordic 1,085 (1,079), Engineering Services Germany 1,088 (1,079), Engineering Services International 343 (287) and Product Information 526 (524). Outlook Customers’ needs for development services remain high with demand expected to gradually improve. Semcon expects positive developments to continue in 2014. Semcon is a global company active in the areas of engineering services and product information. The Group has around 3,000 employees with extensive experience from many different industries. Semcon develops products, plants and information solutions along the entire development chain and also provides many other products and services including quality control, training and methodology development. Semcon increases customers’ sales and competitive strength by providing them with innovative and solid engineering solutions. From 2014 the business will be run in four business areas: Engineering Services Nordic, Engineering Services Germany, Engineering Services International and Product Information. The Group had sales of SEK 2.5 billion with activities at more than 45 sites in Sweden, Germany, the UK, Brazil, China, Hungary, India, Spain and Russia.

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