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par Cicor Technologies Ltd (isin : CH0008702190)

Growth and market share gains – Cicor thrives in a challenging environment

Cicor Technologies Ltd / Key word(s): Quarter Results
Growth and market share gains – Cicor thrives in a challenging environment

15-Oct-2024 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.


Ad hoc announcement pursuant to Art. 53 LR

Bronschhofen, October 15, 2024 – The Cicor Group (SIX Swiss Exchange: CICN) continued its growth path in the third quarter of 2024. Quarterly sales increased by 26.3% to CHF 120.4 million (YTD: CHF 351.7 million, an increase of 19.4%). The order intake of CHF 121.1 million corresponds to a book-to-bill rate of 1.01.

The almost balanced development of organic sales and the book-to-bill ratio in the quarter under review demonstrate Cicor's strength. Cicor's focus on its three core markets and its close customer relationships should enable it to continue outperforming the market in the future. In addition, Cicor will continue to drive the consolidation of the European market through acquisitions, as the company sees attractive value creation opportunities in a highly fragmented market. Cicor will thus remain the fastest growing and one of the most profitable electronics manufacturers in Europe.

Provided that there is no significant downturn in geopolitical, economic and financial conditions, Cicor continues to expect sales growth to reach CHF 470-510 million and EBITDA to reach CHF 50-60 million for the full year 2024.

Contact
Cicor Management AG
Gebenloostrasse 15
CH-9552 Bronschhofen


Media & Investor Relations
Phone +41 71 913 73 00
Email: media@cicor.com

The Cicor Group is a globally active provider of full-cycle electronic solutions from research and development to manufacturing and supply chain management. Cicor’s approximately 3,300 employees at 19 locations are serving leaders from the medical, industrial and aerospace & defence industries. Cicor creates value to its customers through the combination of customer-specific development solutions, high-tech components, as well as electronic device manufacturing. The shares of Cicor Technologies Ltd. are traded at the SIX Swiss Exchange (CICN). For further information, please visit the website www.cicor.com.



End of Inside Information
Language:English
Company:Cicor Technologies Ltd
c/o Cicor Management AG, Gebenloostraße 15
9552 Bronschhofen
Switzerland
Phone:+41719137300
Fax:+41719137301
E-mail:info@cicor.com
Internet:www.cicor.com
ISIN:CH0008702190
Valor:870219
Listed:SIX Swiss Exchange
EQS News ID:2008185

 
End of AnnouncementEQS News Service

2008185  15-Oct-2024 CET/CEST

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