BRONSCHHOFEN, SWITZERLAND – Cicor Group announced 26.2% year-on-year sales growth for the first half of the year, reaching CHF199.2 million ($230.4 million) compared to CHF157.7 million (182.4 million) in the first half of last year.

The company said robust demand continues to spur growth, with its EMS Division's sales growing 32.5% to CHF179 million ($207 million) after the integration of two acquisitions from Germany: SMT Elektronik (now Cicor Deutschland) and Phoenix Mecano (now Cicor Digital Elektronik).

Cicor's AS Division reported a 11.5% decline in sales to CHF20.6 million ($23.8 million) in the first half of the year, owing in large part to reduced shipments of printed circuit boards to medical customers and the expiry of a multi-year order for hybrid circuits, the company said.

For 2023 as a whole, the company expects sales of CHF380 million ($440 million) to CHF410 million ($474 million).

• Prev
• Next