Cicor Presents Financial Mid-term Targets at Capital Markets EventDecember 4, 2023 | Cicor
Estimated reading time: 1 minute
The Cicor Group is publishing its financial mid-term targets for the next three to four years today and hosts its Capital Markets Event 2023 this evening in Zurich.
At the Capital Markets Event, Cicor will provide insights into its growth strategy, value creation through acquisitions, the contribution of operational excellence to achieving its mid-term targets and the strategic partnership with Clayens. The following financial mid-term targets will be presented today:
- Annual organic growth of 7-10%
- Sales of >CHF 600 million within 3 – 4 years
- Profitability of 7-10% (core EBIT) and 10-13% (EBITDA)
- Core return on invested capital (core ROIC) of >15%
- Debt leverage (net debt / EBITDA ratio) of <2.75
- Capital expenditure (CAPEX) of less than 3% of sales
Cicor is very well positioned. The company is benefiting from dynamic development in its focus markets of industry, medical technology, and aerospace and defence. Acquisitions will continue to play an important role in Cicor's strategy, as the company sees attractive opportunities in a highly fragmented market. The current mid-term guidance includes some moderate level of acquisitions. The effective level of inorganic growth may lead to revised financial mid-term targets. The payment of a dividend will be considered as soon as Cicor achieves a sustainable positive net cash flow.
The existing guidance for the current financial is confirmed: For 2023, Cicor expects sales of CHF 380-410 million and an operating result (EBITDA) of CHF 40-45 million.
At DesignCon, the I-Connect007 Editorial Team met with Brad Griffin, product marketing group director for the System Analysis Group at Cadence Design Systems. Brad explains how this analysis tool enables designers to address SI and PI issues early in the design process, before they become costly errors, and why he believes his late co-worker Dennis Nagel would be proud to see his efforts come to fruition.
Global IT corporation FPT recently signed a Memorandum of Understanding (MoU) with the multinational industrial technology conglomerate Siemens, fostering collaboration and mutually beneficial business opportunities in advancing the manufacturing sector and semiconductor chip production while accelerating digital transformation globally.
New Horizon Aircraft Ltd., doing business as Horizon Aircraft (“Horizon Aircraft” or the “Company”), a leading hybrid electric Vertical TakeOff and Landing (“eVTOL”) aircraft developer, publishes new global research* that indicates global investors are anticipating the first commercial passenger routes of electric Vertical Takeoff and Landing (eVTOL) aircraft to be operational in the next few years as the Future Air Mobility market continues to advance rapidly.
Absolute EMS, Inc., an award-winning EMS provider of turnkey contract manufacturing services, continues to harness the power of nitrogen to enhance the quality, reliability and efficiency of their manufacturing processes. The company’s state-of-the-art facilities are equipped with nitrogen reflow ovens and selective soldering machines, ensuring consistent, high-quality results for every project.
Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., announced that it has begun production of 1000 units of the next generation (Gen 4) of its RIO™ solar-powered, mobile security solution.