The supply agreement for manufacturing thin-film substrates, with an expected total volume of over CHF 20 million, was concluded with a well-known European aerospace company. The individual orders and substrate manufacturing will be realized between 2019 and 2024 at the Cicor production sites for thin-film substrates.
With two thin-film technology factories at its Wangs (Switzerland) and Ulm (Germany) sites, Cicor is the market leader in Europe and one of the most important manufacturers worldwide. Thin-film technology uses semiconductor and microsystem technology processes to produce highly miniaturized circuit boards. The extreme miniaturization of electronic components is particularly vital in the fields of medical technology, aerospace and communication technology (5G mobile networks) and promises further significant growth for the AMS Division over the next few years.
In addition, Cicor can confirm the positive development of the company for the whole of 2018. Cicor expects results to be at the upper end of the previous guidance for high single-digit percentage in sales growth, with an operating margin (EBIT) of between 5% and 6% of sales.
Alexander Hagemann Patric Schoch
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Cicor Management AG