BRONSCHHOFEN - The Cicor Group (SIX Swiss Exchange: CICN), a European electronics manufacturer, has reported a significant increase in its quarterly sales, with a 26.3% rise to CHF 120.4 million. The company's year-to-date sales have reached CHF 351.7 million, marking a 19.4% increase. The third-quarter order intake was CHF 121.1 million, achieving a book-to-bill rate of 1.01.
The company attributes this growth to a balanced development of organic sales and a solid book-to-bill ratio, reflecting its strong market position. Cicor credits its success to a strategic focus on its three core markets and maintaining close customer relationships. The company anticipates this strategy will continue to yield market outperformance.
In line with its growth strategy, Cicor is actively pursuing market consolidation through acquisitions, aiming to capitalize on the fragmented European market. The company positions itself as the fastest-growing and one of the most profitable electronics manufacturers in Europe.
Cicor's outlook for the full year 2024 remains positive, with projected sales growth expected to be between CHF 470-510 million and EBITDA forecasted to reach CHF 50-60 million. This outlook is based on the assumption that there will be no significant deterioration in geopolitical, economic, and financial conditions.
The information in this article is based on a press release statement from the Cicor Group.
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