Cicor Technologies Ltd
SIX:CICN

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Cicor Technologies Ltd Logo
Cicor Technologies Ltd
SIX:CICN
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Price: 178.5 CHF 0.85% Market Closed
Market Cap: 833.6m CHF

Cicor Technologies Ltd
Investor Relations

Cicor Technologies Ltd. engages in the manufacture of circuit boards. The company is headquartered in Boudry, Neuchatel and currently employs 2,181 full-time employees. The firm operates though four divisions: Cicor Printed Circuit Boards; Cicor Microelectronics; Cicor Electronic Solutions, and Asia division. The Cicor Printed Circuit Boards (PCB) division develops and produces printed circuit boards with the usage of high density interconnects (HDI’s) and reel-to-reel technology. The Cicor Microelectronics division offers a range of microelectronic manufacturing from various thick and thin film coating technologies through micro assembly and up to delivery of tested and qualified electronic components. The Cicor Electronic Solutions division provides a range of production options for PCB assembly, system assembly, box-building and switch-box construction, cable assembly, tool making and injection molding. The Asia division focuses on the provision of the Company's technology to the Asian market.

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Last Earnings Call
Fiscal Period
Q2 2023
Call Date
Jul 25, 2023
AI Summary
Q2 2023

Strong Growth: Cicor reported first half 2023 revenue of CHF 199 million, up 26.2%, with organic growth of 9.5% despite a challenging economic environment.

Profitability: EBITDA rose 42% to CHF 21.3 million (margin 10.7%), driven mainly by the EMS segment and improved pricing.

Cash Flow: Supply chain tensions eased, enabling a return to positive free cash flow of CHF 5.2 million in the first half.

Raised Guidance: Full-year sales guidance increased to CHF 380–410 million and operating result guidance to CHF 40–45 million, reflecting strong business momentum.

Strategic Focus: Management emphasized continued focus on core markets (medical, aerospace & defense, industrial) and successful integration of recent acquisitions.

Order Book: Book-to-bill was 1.1, indicating robust demand and a growing order backlog.

Key Financials
Revenue
CHF 199 million
EBITDA
CHF 21.3 million
EBITDA Margin
10.7%
Organic Growth
9.5%
Book-to-Bill
1.1
Free Cash Flow (pre-acquisition)
CHF 5.2 million
Core EBIT
7.6% of sales
Core Net Profit
CHF 9.2 million
Core Earnings per Share
CHF 2.08
Leverage
1.55
Equity Ratio
38%
Sales Guidance (2023)
CHF 380–410 million
Operating Result Guidance
CHF 40–45 million
Other Earnings Calls
2023

Management

Mr. Alexander Hagemann
CEO & Member of Management Board
No Bio Available
Mr. Peter Neumann C.F.A.
CFO & Member of the Management Board
No Bio Available
Mr. Marco Kechele
COO & Member of Management Board
No Bio Available
Mr. Michael Gotti
Vice President of Corporate Marketing & Communications
No Bio Available
Dr. Urs Wehinger
Secretary
No Bio Available

Contacts

Address
NEUCHATEL
Boudry
Route de lEurope 8
Contacts