Cicor Technologies Ltd
F:CRLN
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Cicor Technologies Ltd
F:CRLN
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CH |
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Raksul Inc
F:49R
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Cicor Technologies Ltd
Cicor Technologies is a contract manufacturer and engineering partner for electronic products. It designs and builds printed circuit boards, assembled electronic modules, and related plastic and microelectronic parts for other companies, rather than selling finished consumer brands under its own name. Its customers are mainly industrial, medical, aerospace, defense, and other equipment makers that need reliable electronics inside their products. Cicor makes money by charging for development work, production, assembly, and the supply of custom parts and systems built to a customer’s specifications. What sets Cicor apart is its role deep in the supply chain: it helps customers turn an electronics design into a manufacturable product and then produces it over time. That makes the business less about one-time product sales and more about long-term manufacturing relationships, where precision, quality control, and technical know-how matter more than branding.
Cicor Technologies is a contract manufacturer and engineering partner for electronic products. It designs and builds printed circuit boards, assembled electronic modules, and related plastic and microelectronic parts for other companies, rather than selling finished consumer brands under its own name.
Its customers are mainly industrial, medical, aerospace, defense, and other equipment makers that need reliable electronics inside their products. Cicor makes money by charging for development work, production, assembly, and the supply of custom parts and systems built to a customer’s specifications.
What sets Cicor apart is its role deep in the supply chain: it helps customers turn an electronics design into a manufacturable product and then produces it over time. That makes the business less about one-time product sales and more about long-term manufacturing relationships, where precision, quality control, and technical know-how matter more than branding.
Strong Growth: Cicor reported first half 2023 revenue of CHF 199 million, up 26.2%, with organic growth of 9.5% despite a challenging economic environment.
Profitability: EBITDA rose 42% to CHF 21.3 million (margin 10.7%), driven mainly by the EMS segment and improved pricing.
Cash Flow: Supply chain tensions eased, enabling a return to positive free cash flow of CHF 5.2 million in the first half.
Raised Guidance: Full-year sales guidance increased to CHF 380–410 million and operating result guidance to CHF 40–45 million, reflecting strong business momentum.
Strategic Focus: Management emphasized continued focus on core markets (medical, aerospace & defense, industrial) and successful integration of recent acquisitions.
Order Book: Book-to-bill was 1.1, indicating robust demand and a growing order backlog.
