Cicor Reports Increased Profitability and Market Share Gains

Cicor Technologies Ltd, listed on the SIX Swiss Exchange, published its nine-month results following OEP's mandatory offer announcement. The report highlights a 19.4% rise in net sales to CHF 351.7 million. Despite a 3.5% decline in organic sales, Cicor captured market share in a declining market. The operating margin improved to 11.6%, with EBITDA reaching CHF 40.7 million.

Net profit surged by 52% to CHF 17.4 million. Free cash flow before acquisitions grew significantly to CHF 37.4 million. The company's acquisitions integrated well, contributing to the results. The EMS Division saw a 21% increase in sales, while the AS Division reported an 8.3% increase.

Cicor anticipates full-year sales between CHF 470-490 million, with EBITDA in the CHF 55-60 million range. The company's Strategy 2028 aims to establish Cicor as a leading partner in electronics development and production.