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© Cicor Electronics Production | March 14, 2019

Renewed double-digit sales growth for Cicor

Swiss electronics company Cicor continued the rate of growth of the previous year. After an extremely strong second half-year, sales increased by 14.5 % to reach CHF 248.1 million (EUR 218.5 million) in 2018, compared with CHF 216.7 million (EUR 190.84 million) in 2017.

Furthermore, new orders valued at CHF 277.8 million or EUR 244.67 million (2017: CHF 235.5 million or EUR 207.41 million) were recorded. With a book-to-bill ratio (order intake in relation to sales) of 1.12, business is expected to remain good in 2019. EBIT in the year under report has grown by 45.0 % to CHF 15.2 million or EUR 13.38 million (2017: CHF 10.5 million or EUR 9.24 million). A net result of CHF 9.6 million or EUR 8.45 million was posted (2017: CHF 6.7 million or EUR 5.9 million). The company says that it has a positive outlook moving forward, despite a weaker global economy. Cicor made a good start in the new business year. Because of the high level of orders at the beginning of the year, the Group expects sales to grow slightly in 2019, even though the global economy is slowing significantly. In the medium term, Cicor aims to achieve annual sales growth in excess of the growth in global electronics production. The long-term EBIT margin target of the Cicor Group lies in the 6–8 % bandwidth, as already stated. In 2019, an increase in the EBIT margin achieved in the 2018 reporting year is expected.
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June 21 2022 3:19 pm V20.6.1-2