Growth at 14% exceeds expectations – record numbers of order intake amounting to CHF 233 million herald continued growth in 2018

Mon, 15 Jan 2018

Boudry, 15 January 2018 – Cicor (SIX Swiss Exchange: CICN), a leading international technology company in the field of printed circuit boards, microelectronics and EMS (Electronic Manufacturing Services) headquartered in Boudry (Switzerland) has announced that preliminary figures for order intake and for sales in 2017 indicate very satisfactory growth.

Preliminary, unaudited figures for record levels of new orders amounting to around CHF 233 million for 2017 indicate not only a further improvement over the very high order intake of the previous year (2016: CHF 223.5 million) but also a very healthy book-to-bill ratio of 1.08.

According to these provisional figures, sales for 2017 stand at around CHF 216 million, an increase of around 14% (unverified) over the previous year (2016: CHF 189.5 million).  The AMS Division stands out with growth at over 20% in 2017.

On the basis of the provisional sales figures, the management at Cicor is optimistic that its results forecast for 2017, i.e. achieving an operative margin which ties to the good results of 2013 and 2014, will be reached or even exceeded.

Cicor will publish its final financial figures for 2017 on 8 March 2018.

Contact

Alexander Hagemann
CEO
Tel. +41 71 913 73 00
Email: media@remove-this-text.cicor.com

Patric Schoch
CFO
Tel. +41 71 913 73 00
Email: media@remove-this-text.cicor.com

Cicor Management AG
Gebenloostrasse 15
9552 Bronschhofen
Switzerland