Cicor confirms positive trend for 2012 financial year – Patric Schoch to become CFO of the Cicor Group

Thu, 07 Mar 2013

Zurich, 7 March 2013 – Based in Boudry, Switzerland, Cicor (SIX Swiss Exchange: CICN), a leading, international high-tech industrial group, operating in the fields of printed circuit boards, microelectronics and electronic solutions, announced that the provisional figures for the 2012 financial year indicate that the positive trend of the first half of the year has gathered strength. In addition, the Board of Directors announced that Patric Schoch has been appointed the new Chief Financial Officer (CFO).

Despite challenging market conditions in the 2012 financial year, provisional year-end results confirm a sustained positive performance by the Cicor Group. While consolidated sales are slightly lower year-on-year, operating profit (EBIT) is up thanks to a strong second half. The EBIT margin for 2012 is expected to be slightly above 4%.

Cicor will publish its final 2012 figures on 20 March 2013.

Patric Schoch to become CFO of the Cicor Group

The Board of Directors appointed Patric Schoch to be the new Chief Financial Officer (CFO). Patric Schoch has been the acting CFO of Cicor since July 2012.

Patric Schoch has had a long international career in finance with positions as Controller or CFO of major business units or regions for international corporations. Among the companies he has worked for are ABB, Clariant and OC Oerlikon. Antoine Kohler, the chairman of the Board of Directors of Cicor, said: “This is a huge success for Cicor to have Patric Schoch on board as chief financial officer. He has an excellent track record, and the experience and competence he brought to Cicor were major factors in the company’s success in 2012. His appointment as CFO now fills a key position at the Cicor Group.”

Patric Schoch’s work as CFO will be to focus on the ongoing implementation of the Group’s strategy, manage the day-to-day business and continue to improve operational excellence. In addition, he will work with the Board of Directors in running the company until the vacant CEO position is filled.

Contact

Antoine Kohler
Chairman of the Board of Directors
Phone +41 43 811 44 05 
E-mail: media@cicor.com

Patric Schoch
CFO
Phone +41 43 811 44 05
Email: media@cicor.com

Cicor Management AG
Leutschenbachstrasse 95
8050 Zurich Switzerland