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Cicor Reports Double-Digit Growth Driven by Integration & M&A
April 15, 2025 | CicorEstimated reading time: Less than a minute
The Cicor Group has made a successful start to the 2025 business year. In the first quarter, sales increased by 22.2 % to CHF 131.1 million (Q1/2024: CHF 107.3 million), while order intake increased by 29.1 % year-on-year to CHF 125.8 million. This growth was mainly driven by the contributions of the companies acquired in the previous year. During the first quarter Cicor has continued to execute on its growth strategy: The acquisition of Profectus Solutions was completed and the agreement to acquire the shares of MADES was signed.
STS Defence and the former TT IoT Division, which were acquired and successfully integrated last year, contributed significantly to the growth in sales, as did the Swiss and Asian EMS sites. Organically, business remained stable compared to the previous year. However, an extraordinary sales volume of CHF 5.3 million from STS Defence in March 2024, which had just been acquired at the time, led to a technical decline in organic sales of 4.9%.
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