Connect Group NV (Euronext Brussels: CONN) observed a
slowing in customer delivery requests during Q3 2012,
resulting in a 7 percent fall in sales revenue compared
with Q3 2011. The operating result of the quarter is
positive. Due to restructuring charges taken during the
quarter, the net result is slightly negative. The
order book at 30 September 2012 rose to EUR 75 million (EUR
70.2 million at 30.09.2011).
Connect Group notes an overall slowing in the EMS market.
While during the first half of the year deliveries remained
at the same level as in 2011, since the summer there has
been a clear change in direction, with delays in customer
delivery requests. The order book as a whole remains
at a high level. Based on this downward adjustment of
the market, Connect Group has already reduced its cost
structure and tightened its focus on working capital and
supply chain management.
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