Key Figures
Cicor Group Income Statement
|
in CHF 1 000 |
2020 |
in % |
2021 |
in % |
2022 |
in % |
2023 |
in % |
|
Order entry |
216 047 |
100.5 |
286 614 |
119.9 |
358 878 |
114.6 |
399 775 |
102.5 |
|
Net sales |
214 891 |
100.0 |
239 044 |
100.0 |
313 193 |
100.0 |
389 890 |
100.0 |
|
Change to previous year (%) |
–15.4 |
|
11.2 |
|
31.0 |
|
24.5 |
|
|
Organic growth (%) 1) |
–13.8 |
|
11.9 |
|
14.1 |
|
11.1 |
|
|
EBITDA 2) |
19 362 |
9.0 |
23 122 |
9.7 |
32 274 |
10.3 |
45 135 |
11.6 |
|
Change to previous year (%) |
–21.9 |
|
19.4 |
|
39.6 |
|
39.8 |
|
|
Core EBIT 2) |
8 851 |
4.1 |
12 963 |
5.4 |
21 405 |
6.8 |
32 734 |
8.4 |
|
Operating profit (EBIT) 2) |
8 851 |
4.1 |
12 204 |
5.1 |
12 234 |
3.9 |
23 368 |
6.0 |
|
Core net profit 2) |
4 172 |
1.9 |
8 174 |
3.4 |
12 266 |
3.9 |
16 653 |
4.3 |
|
Net profit |
4 172 |
1.9 |
7 482 |
3.1 |
3 820 |
1.2 |
6 083 |
1.6 |
|
Core earnings per share (in CHF) 2) |
1.44 |
|
2.81 |
|
3.30 |
|
3.76 |
|
|
Earnings per share (in CHF) |
1.44 |
|
2.57 |
|
1.03 |
|
1.37 |
|
|
|
|
|
|
|
|
|
|
|
|
Number of employees (FTEs as per 31 December) |
1 901 |
|
2 181 |
|
2 217 |
|
2 551 |
|
1) Change in local currencies, adjusted for acquisitions.
2) Refer to note 2.3 for the definition of non-GAAP measures.
Sales by industry
Sales by region
Divisional Income Statement
|
in CHF 1 000 |
2020 |
in % |
2021 1) |
in % |
2022 |
in % |
2023 |
in % |
|
Net sales EMS Division |
163 055 |
100.0 |
194 518 |
100.0 |
269 637 |
100.0 |
347 932 |
100.0 |
|
EBITDA EMS Division |
13 621 |
8.4 |
17 987 |
9.2 |
28 950 |
10.7 |
43 366 |
12.5 |
|
|
|
|
|
|
|
|
|
|
|
Net sales AS Division |
52 521 |
100.0 |
45 259 |
100.0 |
44 779 |
100.0 |
43 011 |
100.0 |
|
EBITDA AS Division |
7 352 |
14.0 |
8 056 |
17.8 |
6 459 |
14.4 |
6 063 |
14.1 |
1) Restated
Cicor Group Balance Sheet
|
in CHF 1 000 |
31.12.2020 |
in % |
31.12.2021 |
in % |
31.12.2022 |
in % |
31.12.2023 |
in % |
|
Non-current assets |
52 710 |
29.0 |
121 258 |
37.7 |
115 313 |
31.4 |
109 217 |
30.2 |
|
Current assets |
129 340 |
71.0 |
200 631 |
62.3 |
251 422 |
68.6 |
251 896 |
69.8 |
|
Total assets |
182 050 |
100.0 |
321 889 |
100.0 |
366 735 |
100.0 |
361 113 |
100.0 |
|
Equity |
76 334 |
41.9 |
88 887 |
27.6 |
148 891 |
40.6 |
148 080 |
41.0 |
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities |
56 752 |
31.2 |
129 856 |
40.3 |
120 013 |
32.7 |
101 335 |
28.1 |
|
Cash and cash equivalents |
43 135 |
23.7 |
68 797 |
21.4 |
75 491 |
20.6 |
57 851 |
16.0 |
|
Net debt |
13 617 |
7.5 |
61 059 |
19.0 |
44 522 |
12.1 |
43 484 |
12.0 |
|
Financial leverage (Net debt / EBITDA 2) ) |
0.70 |
|
1.96 |
|
1.36 |
|
0.96 |
|
|
|
|
|
|
|
|
|
|
|
|
Operating inventories 1) |
49 137 |
27.0 |
66 639 |
20.7 |
101 125 |
27.6 |
105 419 |
29.2 |
|
Operating trade receivables 1) |
30 087 |
16.5 |
43 492 |
13.5 |
49 226 |
13.4 |
49 497 |
13.7 |
|
Operating trade payables 1) |
22 362 |
12.3 |
38 933 |
12.1 |
39 221 |
10.7 |
36 723 |
10.2 |
|
Operating net working capital |
56 862 |
31.2 |
71 198 |
22.1 |
111 130 |
30.3 |
118 193 |
32.7 |
|
in % of LTM net sales 2) |
26.5 |
|
25.7 |
|
34.8 |
|
30.3 |
|
|
|
|
|
|
|
|
|
|
|
|
Capex for tangible assets |
5 072 |
|
8 623 |
|
11 187 |
|
11 628 |
|
|
in % of net sales |
2.4 |
|
3.6 |
|
3.6 |
|
3.0 |
|
1) Refer to note 2.3 for the definition of Operating net working capital.
2) Acquisitions are included for full twelve months pro-forma.