Dan's Biz Bookshelf: 'Revenge of the Tipping Point'
Marcy's Musings: Engineering Economics
Punching Out: Should You Sell Your Company to a Private Equity Firm?
Cicor Group Continues to Thrive in a Challenging Market
October 15, 2024 | CicorEstimated reading time: Less than a minute
The Cicor Group, a leading provider of advanced electronics manufacturing services, announced strong financial results for the third quarter of 2024.
Revenue increased by 26.3% to CHF 120.4 million, bringing the year-to-date total to CHF 351.7 million. The company's strong order intake, with a book-to-bill ratio of 1.01, indicates a healthy pipeline of future business.
Despite a decline in the European EMS market, Cicor has successfully gained market share and strengthened its position as a leading partner for complex electronics in its core markets of medical technology, industrial, and aerospace & defense.
Looking ahead, Cicor remains optimistic about its growth prospects for the remainder of 2024. The company expects sales to reach between CHF 470-510 million and EBITDA to reach CHF 50-60 million, provided there are no significant changes in geopolitical, economic, and financial conditions.
Share on:
Suggested Items
Cicor Unveils Strategy 2028 to Lead as Pan-European Electronics Innovator
11/05/2024 | CicorCicor Group announces its Strategy 2028 as well as updated financial mid-term targets and is hosting its Investors' Day 2024 in Zurich this evening.
Real Time with... SMTAI 2024: Koh Young's Lessons in System Integration
10/30/2024 | Real Time with...SMTAINolan Johnson speaks with Joel Scutchfield from Koh Young at this year's SMTA International convention in Rosemont. Scutchfield shares insights on data-driven factories and the dynamics of adopting new technologies and processes.
Cicor Group Grows Significantly and Shows Robust Operational Performance in a Challenging Environment
07/24/2024 | CicorCicor Group has continued to grow significantly in the first half of 2024, advancing into the top tier of European electronics manufacturers. Net sales reached CHF 231.3 million, an increase of 16.1% compared to CHF 199.2 million for the first half of 2023.
Cicor Records Solid Growth in Q1
04/16/2024 | CicorThe Cicor Group continued to grow in the first three months of the year. Quarterly sales increased by 11.8% to CHF 107.3 million compared to the first quarter of the previous year (Q1/2023: CHF 96.0 million).
Arch Systems Showcases Cutting-Edge Manufacturing Solutions at IPC APEX EXPO 2024
03/12/2024 | Arch SystemsArch Systems, a leader in machine data and manufacturing analytics, will exhibit at the 2024 IPC APEX EXPO, taking place from April 9-11 at the Anaheim Convention Center in California.