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© jakub-krechowicz-dreamstime.com Electronics Production | August 21, 2013

Cicor – solid results and return to growth

Cicor can look back on a positive first half of 2013. During the first six months of the financial year 2013, the Group recorded a net sales increase of 11.7% over the previous year.
The Group's business volume grew by about 12% compared with the first, weaker half of 2012 and around 3% compared with the good second half of 2012.

© Cicor
EDITOR'S NOTE_ In CHF 1'000 (CHF 1 = EUR 0.81

The profitability of the Cicor Group remained at the same level as in the previous year. This was a result of competitive pricing in connection with the excess capacities on the Electronic Manufacturing Services (EMS) market and of the costs arising from the ramping up of new projects and further upgrading of production facilities in rapidly growing markets, the company states.

Outlook: Continued growth

The Cicor Group expects to remain on its growth track for the year 2013 as a whole, with profitability remaining stable at the level of the previous year.

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