BRONSCHHOFEN – The Cicor Group (SIX Swiss Alternate: CICN), a European electronics producer, has reported a major improve in its quarterly gross sales, with a 26.3% rise to CHF 120.4 million. The corporate’s year-to-date gross sales have reached CHF 351.7 million, marking a 19.4% improve. The third-quarter order consumption was CHF 121.1 million, reaching a book-to-bill charge of 1.01.
The corporate attributes this progress to a balanced growth of natural gross sales and a stable book-to-bill ratio, reflecting its robust market place. Cicor credit its success to a strategic give attention to its three core markets and sustaining shut buyer relationships. The corporate anticipates this technique will proceed to yield market outperformance.
In step with its progress technique, Cicor is actively pursuing market consolidation by acquisitions, aiming to capitalize on the fragmented European market. The corporate positions itself because the fastest-growing and probably the most worthwhile electronics producers in Europe.
Cicor’s outlook for the total yr 2024 stays optimistic, with projected gross sales progress anticipated to be between CHF 470-510 million and EBITDA forecasted to succeed in CHF 50-60 million. This outlook relies on the idea that there shall be no vital deterioration in geopolitical, financial, and monetary situations.
The knowledge on this article relies on a press launch assertion from the Cicor Group.
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