Dan’s Biz Bookshelf: ‘Abundance: How We Build a Better Future’
Trouble in Your Tank: In Complex Systems, Design Rules Aren’t Optional
It’s Only Common Sense: The Phone Is Still Your Competitive Advantage
Cicor Witnessed a Challenging 2015 Financial Year
March 9, 2016 | CicorEstimated reading time: 4 minutes
During 2015, the year under report, the Cicor Group switched its reporting from IFRS to Swiss GAAP FER retrospective as at January 1, 2014. Application of Swiss GAAP FER ensures that the Group will continue to draw up clear and high-quality accounts that present a true and fair view of the assets, financial position and results. The planned, retrospective depreciation of goodwill over five years reduced the equity capital. In addition, the existing pension plans resulted in pension liabilities that were significantly lower than was the case under IFRS. The consolidated balance sheet remained sound following the changes associated with the switch from IFRS to Swiss GAAP FER. With equity of CHF 59.7 million and a balance sheet total of CHF 151.3 million, the equity ratio was 39.5%. Net current assets at the end of 2015 totaled CHF 47.4 million, a reduction of CHF 1.9 million in comparison with 2014. Net debt as at December 31, 2015 was CHF 20.5 million, compared with CHF 21.2 million at the end of 2014. Thanks to the syndicated bank loan facility signed in December 2014, amounting to CHF 65 million, Cicor continued to secure long-term financial flexibility.
Outlook: Challenges in the 2016 Financial Year
Thanks to the investments made in the global footprint and the expansion of production capacities abroad, the Cicor Group was able to reduce significantly its dependency on Switzerland as a production location. However, towards the end of 2015, the tangible cooling of the market targeted by the Group, as well as the falls in international stockmarkets in January 2016, have unsettled the business environment and make it difficult to issue forecasts. Under the same macroeconomic operating conditions as in the 2015 financial year, Cicor is expecting the results of the internal re-structuring to be reflected in growth in sales and results during the second half of 2016. In 2016, the Cicor Group will make every effort to return the business to a sustained path of growth as quickly as possible.
Page 2 of 2Share on:
Testimonial
"In a year when every marketing dollar mattered, I chose to keep I-Connect007 in our 2025 plan. Their commitment to high-quality, insightful content aligns with Koh Young’s values and helps readers navigate a changing industry. "
Brent Fischthal - Koh YoungSuggested Items
Ventec Evaluates US Manufacturing Facility to Support North American Growth
04/28/2026 | Ventec International GroupVentec International Group today announced that it is evaluating the potential establishment of a manufacturing facility in the United States to support its growing North American customer base with high-performance laminate and prepreg materials.
The Chemical Connection: When the Industry Moves Faster Than the Standards
04/29/2026 | Don Ball -- Column: The Chemical ConnectionAs a supplier of wet processing equipment, we have rules and standards we must adhere to, including both regional and national electrical codes and safety and environmental regulations, as well as myriad other standards to make the equipment safe to use. Things are a little different when it comes to rules and standards for manufacturing PCBs, though, because technical advances and requirements change so quickly that standards can’t keep up.
Cicor Secures New Customers in Q1
04/14/2026 | CicorCicor Group recorded a strong order intake in the first quarter of 2026, in particular driven by the Aerospace & Defence (A&D) market.
Standard of Excellence: Engineering Is the New Sales—How Technical Collaboration Wins Business
04/15/2026 | Anaya Vardya -- Column: Standard of ExcellenceWhen it comes to complex, high-performance electronics, the line between sales and engineering has all but disappeared. Customers want more than a quote. They’re not simply buying boards; they’re buying understanding, so engineering is now the front line of customer trust, problem-solving, and long-term success. There was a time when sales meant persuasion, and engineering meant production. Today, the two are inseparable.
Technica Announces Tech Day Event Dates and Agenda
04/13/2026 | Technica USATechnica USA announced today the return of its highly anticipated Tech Day events, marking the revival of a long‑standing customer engagement series. Personal invitations have been issued to customers detailing event dates, participating partners, and the technical agenda.