Cicor Group
Annual Report 2024
Letter to the Shareholders
“Significant market share gains and steadily increasing profit margins at all levels demonstrate the consistent execution of Cicor’s strategy.”
Alexander Hagemann, CEO
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Focus on Sustainability
Cicor’s latest Sustainability Report provides comprehensive information on governance and fair business practices, Cicor as an employer and value creation beyond the company. Cicor applies the standards of the Global Reporting Initiative (GRI) and the TCFD.
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About Cicor
The Cicor Group is a globally active provider of full-cycle electronic solutions from research and development to manufacturing and supply chain management. Cicor’s approximately 3,300 employees at 20 locations (31 December 2024) are serving leaders from the medical, industrial and aerospace & defence industries. Cicor creates value to its customers through the combination of customer-specific development solutions, high-tech components, as well as electronic device manufacturing. The shares of Cicor Technologies Ltd. are traded at the SIX Swiss Exchange (CICN).
Key Figures
CHF480.8million
Net sales from deliveries and services
23.3%
Sales growth compared to previous year
12.1%
EBITDA margin
CHF440.4million
Order intake
82%
Sales were generated in the strategic target markets of medical technology, industry, as well as aerospace and defence
3309
Cicor employees (FTEs) as of 31 December 2024