CEO’s comment on Interim report January-September 2016:
In the third quarter, we continued to report better results compared with last year, and all business areas reported improved results in 2016. Business area Engineering Services Nordic noted continued strong demand from the automotive industry, while the energy sector was relatively weak.
In business area Engineering Services Germany, a reorganisation was initiated at the end of last year and a new organisation is now in place to achieve improved productivity with an even greater customer focus. During the autumn, construction will also commence of a new facility for engineering services and advanced testing in Ingolstadt with the aim of strengthening Semcon’s role as premium partner to the German automotive industry.
In business area Engineering Services International, we are increasing our deliveries in projects for Europe, such as in autonomous vehicles. The Group’s higher number of project commitments also means that we have greater possibilities to use the expertise available in Semcon’s international organisation, which generates distinct added value for our customers.
The interest in Business Area Product Information’s customers’ aftermarket business offering remains strong. More companies are seeing the benefits of employing a partner whose core business is to create, digitalize and distribute product information. The new partnership agreements signed earlier this year are clear evidence of this.
During the third quarter, we launched our new communication strategy and it is positive to see the attention and spread that the launch of the “Smiling Car” concept has had globally. In addition, a new graphic profile and new website were launched. With our new communication strategy, we are increasing our visibility and becoming even more distinct in our communication in relation to our position and our customer offering. We have a clear ambition to increase Semcon’s market share and further strengthen the brand.
Our international expertise in product development in several industries is a key element in contributing to our customers’ success. Our mission, to develop products that make life simpler for the end-user, is becoming increasingly important now that the next generation of smart products is being launched.