Cicor Group
Annual Report 2023

Letter to the Shareholders

“The consistent execution of Cicor’s business strategy is reflected in new record figures for order intake, sales and profitability.”

Daniel Frutig, Chairman of the Board of Directors

Alexander Hagemann, CEO

Focus on sustainability

With the latest sustainability report, Cicor provides comprehensive information on minimizing environmental impact, promoting employees and productivity, and creating value beyond the business. Cicor thereby applies the standards of the Global Reporting Initiative (GRI).

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 2,700 employees at 17 locations are serving leaders from the medical, industrial and aerospace & defence industries. The shares of Cicor Technologies Ltd. are traded at the SIX Swiss Exchange (CICN).

Key Figures

CHF 389.9million

Net sales from deliveries and services


Sales growth compared to previous year


EBITDA margin


Order intake


Sales were generated in the strategic target markets of medical technology, industry, as well as aerospace and defense


Cicor employees as of December 31, 2023

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