2013 financial year: Solid growth and improved operating results

Fri, 14 Feb 2014

Zurich, February 14, 2014 – Cicor (SIX Swiss Exchange: CICN), a leading, international high- tech industrial group in the field of printed circuit boards, microelectronics and electronic solutions based in Boudry (Switzerland), can look back on a successful 2013. Provisional, unaudited figures confirm that the Cicor Group is right on track. The annual financial statement and the Annual Report 2013 will be released at the annual press and analysts‘ conference on March 12, 2014.

Order intake in Swiss francs for the 2013 financial year increased by more than 16% to around CHF 202 million (2012: CHF 173 million), with net sales growing by over 8% to around CHF 191 million (2012: CHF 176 million). Based on a high order backlog of nearly CHF 124 million per end of 2013 (end of 2012: CHF 112 million), Cicor foresees a good level of capacity utilization in the first months of the 2014 financial year.

During the course of 2013, the Cicor Group also steadily improved its operating results. The EBIT margin is expected to range between 4.3% and 4.5%, and the EBITDA margin between 9.0% and 9.2% (2012: EBIT 4.1%, EBITDA 8.7%). EBIT in 2012 included CHF 0.3 million from the gain of sale of assets and a CHF 0.6 million curtailment from IAS 19, resulting from restructuring.

Restated due to IAS 19, net profit of 2012 amounted to CHF 6.1 million, including CHF 1.3 million capitalized losses carried forward. Due to far fewer positive tax effects, net profit in 2013 will be below 2012. Cicor will publish the final financial figures for 2013 on March 12, 2014.

Contact

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

Patric Schoch
acting CEO / CFO
Phone +41 43 811 44 05
E-mail: media@remove-this-text.cicor.com