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News
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Mon, 07 May 2012
Zurich, May 7 2012 – The Cicor Group (SIX Swiss Exchange: CICN), a leading high-tech industrial group with registered office in Boudry (Switzerland) internationally active in printed circuit boards, microelectronics and electronic solutions, has today announced the departure of Markus Brütsch, Chief Financial Officer and a member of the Group Management. He will leave the Group at the end of November 2012.
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Thu, 29 Mar 2012
Zurich, 29 March 2012. Headquartered in Boudry (Switzerland), Cicor (SIX Swiss Exchange: CICN), a leading high-technology industrial group internationally active in the printed circuit boards, microelectronics and electronic solutions industries, has recently secured new large orders. The orders have confirmed the operational progress made in the past year, and also demonstrate the strong foothold of the group in important key business segments. With available capacities in the European and Asian production market, Cicor is able to meet the needs of many international clients for a partner with a comprehensive technology and service portfolio with globally standardised certification and quality standards.
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Thu, 08 Mar 2012
Zurich, 8 March 2012. Based in Boudry (Switzerland), Cicor (SIX Swiss Exchange: CICN), a leading, internationally active high-tech industrial group specialising in printed circuit boards, microelectronics and electronic solutions, announced for the 2011 financial year after taking into account all negative external influences a slight decrease of its net revenue by 2.3% to CHF 178.7 million (2010: CHF 183.0 million). The strong Swiss franc, the natural disasters in Asia and a renewed reduction in investments by public sector authorities as a result of the tense economic situation in the second half of the year affected the business. Sales in local currencies increased by 4.8%. Despite the setbacks, the medical technology, industrial applications and automotive/transportation sectors developed positively from the outset. Before restructuring costs earnings before interest and taxes (EBIT) amounts to CHF 2.3 million (2010: CHF 5.3 million). The Group reported a net loss of CHF 2.4 million (2010: profit of CHF 0.1 million) due to the recognition of accruals relating to the required restructuring. The net profit amounts CHF 2.2 million (2010: CHF 1.5 million) before restructuring costs.
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Thu, 19 Jan 2012
Cicor has confirmed the concentration of its PCB production sites in Switzerland and the decision to tighten up its operating processes at the conclusion of the consultation procedure. As an integral part of this plan, the Unterägeri site is to be closed and the manufacturing capacities transferred to Boudry by the end of February 2012. The related restructuring costs will have an adverse impact on the annual result of the Cicor Group for 2011.
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Thu, 12 Jan 2012
Cicor is launching a wholly owned sales company in the USA. The newly established company Cicor Americas Inc. is located in Minnesota and will serve as a hub to assist Cicor in further developing its business in the attractive US market.