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Cicor’s 14% Sales Growth in 2017 Exceeds Expectation
January 15, 2018 | CicorEstimated reading time: 1 minute
Cicor has announced that preliminary figures for order intake and for sales in 2017 indicate very satisfactory growth.
Preliminary, unaudited figures for record levels of new orders amounting to around CHF 233 million for 2017 indicate not only a further improvement over the very high order intake of the previous year (2016: CHF 223.5 million) but also a very healthy book-to-bill ratio of 1.08.
According to these provisional figures, sales for 2017 stand at around CHF 216 million, an increase of around 14% (unverified) over the previous year (2016: CHF 189.5 million). The AMS Division stands out with growth at over 20% in 2017.
On the basis of the provisional sales figures, the management at Cicor is optimistic that its results forecast for 2017, i.e. achieving an operative margin which ties to the good results of 2013 and 2014, will be reached or even exceeded.
Cicor will publish its final financial figures for 2017 on 8 March 2018.
About Cicor
Cicor is a global development and manufacturing partner with innovative technology solutions in the electronics industry. With around 1900 employees at ten production sites, Cicor produces highly-complex printed circuit boards, hybrids and 3D-MID solutions and offers complete plastic injection-molded electronics and plastics services. The Group supplies high-quality customized solutions from the design to the finished product for its international customers. The shares of Cicor Technologies Ltd. are listed on the SIX Swiss Exchange (CICN). For further information, please click here.
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