Cicor Technologies Reports Strong Third Quarter Growth

Cicor Technologies Ltd has announced significant growth in the third quarter of 2024. The company reported a 26.3% increase in quarterly sales, reaching CHF 120.4 million. Year-to-date sales rose by 19.4%, amounting to CHF 351.7 million. The order intake of CHF 121.1 million resulted in a book-to-bill ratio of 1.01, indicating balanced organic sales development.

This growth reflects Cicor's robust market position and strategic focus on core sectors, as well as strong customer relationships. Cicor aims to enhance its market presence through continued acquisitions in Europe, leveraging opportunities in the fragmented market. The company expects full-year sales to reach CHF 470-510 million, with EBITDA projected at CHF 50-60 million, barring significant geopolitical or economic disruptions.