Global Citizenship: Redefining Connection and Responsibility in Digital Transformation
The Marketing Minute: Strategic Short-form Content Builds Brand Momentum
SMT Perspectives and Prospects: Artificial Intelligence, Part 5: Brain, Mind, Intelligence
Cicor Group Continues to Thrive in a Challenging Market
October 15, 2024 | CicorEstimated reading time: Less than a minute
The Cicor Group, a leading provider of advanced electronics manufacturing services, announced strong financial results for the third quarter of 2024.
Revenue increased by 26.3% to CHF 120.4 million, bringing the year-to-date total to CHF 351.7 million. The company's strong order intake, with a book-to-bill ratio of 1.01, indicates a healthy pipeline of future business.
Despite a decline in the European EMS market, Cicor has successfully gained market share and strengthened its position as a leading partner for complex electronics in its core markets of medical technology, industrial, and aerospace & defense.
Looking ahead, Cicor remains optimistic about its growth prospects for the remainder of 2024. The company expects sales to reach between CHF 470-510 million and EBITDA to reach CHF 50-60 million, provided there are no significant changes in geopolitical, economic, and financial conditions.
Share on:
Suggested Items
Cicor Reports Double-Digit Growth Driven by Integration & M&A
04/15/2025 | CicorThe Cicor Group has made a successful start to the 2025 business year. In the first quarter, sales increased by 22.2 % to CHF 131.1 million (Q1/2024: CHF 107.3 million), while order intake increased by 29.1 % year-on-year to CHF 125.8 million.
Cicor Publishes Nine-month Results Report due to OEP Mandatory Offer
12/20/2024 | CicorCicor Group is publishing a nine-month report today. OEP has published a mandatory offer after it converted its Mandatory Convertible Bonds (MCNs) and thereby crossed the mandatory offer threshold.
OEP 80 B.V. Published Cicor’s Pre-Announcement for Mandatory Offer
12/09/2024 | CicorCicor Group announces that OEP 80 B.V. (OEP) published the pre-announcement for a mandatory offer for all the shares of Cicor Technologies Ltd. held in the public.
Cicor Unveils Strategy 2028 to Lead as Pan-European Electronics Innovator
11/05/2024 | CicorCicor Group announces its Strategy 2028 as well as updated financial mid-term targets and is hosting its Investors' Day 2024 in Zurich this evening.
Real Time with... SMTAI 2024: Koh Young's Lessons in System Integration
10/30/2024 | Real Time with...SMTAINolan Johnson speaks with Joel Scutchfield from Koh Young at this year's SMTA International convention in Rosemont. Scutchfield shares insights on data-driven factories and the dynamics of adopting new technologies and processes.