Facing the Future: Successfully Navigating the Uncertain Path Ahead
It’s Only Common Sense: Going After the Small Wins Fosters a Winning Culture
The Chemical Connection: Surface Finishes for PCBs
Cicor Reports Strong YTD Sales Growth of 25%, Outlook Remains Positive
October 16, 2023 | Cicor Technologies Ltd.Estimated reading time: 1 minute
Cicor Technologies Ltd. continued on its growth path in the third quarter of 2023. Quarterly sales increased by 22.4% to 95.3 million compared to the third quarter of the previous year (YTD: CHF 294.5 million, increase of 25.0%). Sales growth was driven by accelerated organic growth (11.7%) and acquisitions. The outlook for the fourth quarter remains positive, supported by a Q3 order intake of CHF 108 million resulting in a book-to-bill ratio of 1.13.
Cicor has further strengthened its position as one of the leading development and manufacturing partners for sophisticated electronics in the strategic target markets of medical technology, industrial as well as aerospace and defence in Europe. Robust customer demand especially in the medical and aerospace & defence markets combined with new customer wins supported Cicor's growth in the third quarter of 2023. Cicor is additionally benefiting from continued market growth driven by the trends of reshoring, customers seeking alternatives to manufacturing in China and increased outsourcing of electronics development and manufacturing.
Cicor continues to pursue its strategy of accelerated growth through both acquisitions and organic growth. The recently announced strategic partnership with the French Clayens Group has the potential to generate additional business for Cicor for smart drug delivery devices and other medical and industrial applications.
Based on the positive Q3 revenue and order intake progression, Cicor reconfirms its 2023 guidance to achieve annual sales of CHF 380 to 410 million and an operating result at EBITDA level of CHF 40 to 45 million.
Share on:
Suggested Items
IPC President’s Award: Dr. Thomas Marktscheffel
04/15/2025 | Nolan Johnson, I-Connect007At ASMPT SMT Solutions, Thomas Marktscheffel, director of product management software solutions, is responsible for the SMT line software portfolio. As a member and leader of several IPC committees, he is also a driving force for global industry standards such as IPC-2591 CFX and IPC-HERMES-9852, which make it possible to provide plug-and-play connectivity for intelligent SMT Factories. In 2015, he participated in the IPC-1782 A-team and subsequently joined the IPC-2591 CFX standard A-team, which became the new SMT industry communication standard following its first release in March 2019. He was also active on the IPC-HERMES-9852, IPC-2551, IPC-2552, and IPC-2553 teams, with the overarching goal of providing a reasonable set of IPC standards for the Factory of the Future. He is currently chair of the IPC 2-10 Committee, co-chair of the IPC-2591 CFX Task Group, and chair of several A-teams.
BEST Inc to Host Soldering 101 Workshop at Illinois & Michigan Locations
04/15/2025 | BEST Inc.BEST Inc., a leader in electronic component services, training, and products is pleased to announce it will host multiple Soldering 101 workshops in its Rolling Meadows, Illinois and Lansing, Michigan locations.
Electronic System Design Industry Posts $4.9 Billion in Revenue in Q4 2024
04/15/2025 | SEMIElectronic System Design (ESD) industry revenue increased 11% to $4,927.3 million in the fourth quarter of 2024 from the $4440.9 million reported in the fourth quarter of 2023, the ESD Alliance, a SEMI Technology Community, announced in its latest Electronic Design Market Data (EDMD) report.
Explore TRI's Test and Inspection Innovations at ElectroneX
04/15/2025 | TRIGPC Electronics, TRI's industry partner, will participate in the ElectroneX Electronics Design & Assembly Expo 2025 at the Melbourne Convention & Exhibition Centre, Australia, on May 7–8, 2025.
Northrop Grumman Achieves First-Ever Undocking Between Two Commercial Spacecraft in Geosynchronous Orbit
04/14/2025 | Northrop GrummanA Mission Extension Vehicle (MEV) developed by Northrop Grumman Corporation’s Space Logistics LLC has successfully undocked with Intelsat’s IS-901 satellite, completing its life extension service.