-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueDon’t Just Survive, Thrive
If we are to be relevant and prosper during these next critical decades in electronics, we must do more than survive. As an industry, we can and must thrive. In this issue, our contributors explore these concepts meant to help you take your business to the next level.
Material Matters
Materials management is nuanced, multifaceted, and requires a holistic systems approach for business success. When building high mix, low volume, and high technology, managing materials and overall cost containment are even greater challenges.
Additive Manufacturing
In this month’s issue, we explore additive manufacturing technology for the PCB fabricator: where it stands today, the true benefits, and where it seems to be headed.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
Cicor Presents Financial Mid-term Targets at Capital Markets Event
December 4, 2023 | CicorEstimated 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.
Suggested Items
Greece Becomes Newest Member of the F-35 Lightning II Global Alliance
07/26/2024 | Lockheed MartinThe Greece government finalized its intention to procure 20 Lockheed Martin F-35 Lightning II aircraft by signing a Letter of Offer and Acceptance (LOA) through a U.S. government Foreign Military Sale. The LOA also includes an option for 20 additional aircraft.
CTEK Shares Tips to Avoid a Dead Battery in Summer Heat
07/26/2024 | PRNewswireThe United States has seen record heat and it doesn't look like it will end anytime soon. As the heat intensifies, it's not just our bodies that need extra care and attention; CTEK says our vehicle batteries also require special consideration to ensure optimal performance and reliability.
TriMech is North America's Newest and Largest Provider of SolidCAM Software for CNC Manufacturing Technologies
07/26/2024 | PRNewswireTriMech has a new partnership with SolidCAM, known worldwide for its CAM (Computer-Aided Manufacturing) solution for efficient, user-friendly programming for all CNC manufacturing technologies, as well as its single-window integration and associativity with SOLIDWORKS.
Imagination Technologies Announces New Capital Investment
07/25/2024 | Imagination TechnologiesImagination Technologies announced a new investment by funds managed by affiliates of Fortress Investment Group LLC. Under the terms of the agreement, Fortress has provided Imagination with a $100 million convertible term loan to support the continued development and growth of technologies and intellectual property (IP) solutions that will help power advances across Graphics, Compute and AI at the edge.
Hirose Electric Adds Master Electronics as Authorized Distributor
07/25/2024 | HiroseHirose, a leader in the design and manufacturing of innovative connector solutions, has strategically expanded its Americas distribution network to better support its growing customer base. Master Electronics will support the full Hirose line of connector solutions across the Americas.