Nolan’s Notes: Everyone Has Their Eye on India
Standard of Excellence: The Human Touch in an Automated World
The Government Circuit: Navigating New Trade Headwinds and New Partnerships
Cicor Reports Double-Digit Growth Driven by Integration & M&A
April 15, 2025 | CicorEstimated reading time: Less than a minute
The 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. This growth was mainly driven by the contributions of the companies acquired in the previous year. During the first quarter Cicor has continued to execute on its growth strategy: The acquisition of Profectus Solutions was completed and the agreement to acquire the shares of MADES was signed.
STS Defence and the former TT IoT Division, which were acquired and successfully integrated last year, contributed significantly to the growth in sales, as did the Swiss and Asian EMS sites. Organically, business remained stable compared to the previous year. However, an extraordinary sales volume of CHF 5.3 million from STS Defence in March 2024, which had just been acquired at the time, led to a technical decline in organic sales of 4.9%.
Share on:
Testimonial
"In a year when every marketing dollar mattered, I chose to keep I-Connect007 in our 2025 plan. Their commitment to high-quality, insightful content aligns with Koh Young’s values and helps readers navigate a changing industry. "
Brent Fischthal - Koh YoungSuggested Items
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.
Cicor Group Continues to Thrive in a Challenging Market
10/15/2024 | CicorRevenue 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.