Cicor Technologies Ltd
SIX:CICN
Cicor Technologies Ltd
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.
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.
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.
