Key Figures

Cicor Group Income Statement

in CHF 1 000	2022	in %	2023	in %	2024	in %	2025	in %
Order entry	358 878	114.6	399 775	102.5	440 394	91.6	644 977	104.6
Net Sales	313 193	100.0	389 890	100.0	480 836	100.0	616 499	100.0
Change to previous year (in %)	31.0		24.5		23.3		28.2
- Organic growth (in %)	14.1		11.1		–1.6		–2.0
- Currency impact (in %)	–2.1		–3.0		–1.1		–2.3
- Acquisitions (in %)	19.0		16.4		26.1		32.5
EBITDA (reported) ¹⁾	32 274	10.3	45 135	11.6	58 353	12.1	56 261	9.1
EBITDA (adjusted) ¹⁾	32 737	10.5	46 264	11.9	60 720	12.6	64 629	10.5
Operating profit (EBIT) (reported) ¹⁾	17 592	5.6	29 045	7.4	38 086	7.9	30 787	5.0
Operating profit (EBIT) (adjusted) ¹⁾	21 868	7.0	33 863	8.7	47 533	9.9	47 172	7.7
Net profit (reported)	9 178	2.9	11 760	3.0	27 253	5.7	16 911	2.7
Net profit (adjusted) ¹⁾	12 391	4.0	15 525	4.0	34 480	7.2	32 668	5.3
Earnings per share (in CHF) (reported)	2.47		2.66		6.20		3.85
Earnings per share (in CHF) (adjusted) ¹⁾	3.33		3.51		7.85		7.45
Free Cash Flow before Acquisitions ¹⁾	–20 540		26 252		61 094		49 085
Number of employees (FTEs as per 31 December)	2 217		2 551		3 309		4 524

¹⁾Refer to note "2.3 Definition of non-GAAP measures".

in CHF 1 000	2022	in %	2023	in %	2024	in %	2025	in %
Net Sales	313 193	100.0	389 890	100.0	480 836	100.0	616 499	100.0
EBITDA (reported) ¹⁾	32 274	10.3	45 135	11.6	58 353	12.1	56 261	9.1
M&A Ramp-Up	-	-	-	-	-	-	2 484	0.4
PPA Fair Value Adjustments	355	0.1	408	0.1	1 244	0.3	819	0.1
Restructuring / Reorganisation	-	-	-	-	355	0.1	621	0.1
M&A project costs	108	0.0	721	0.2	768	0.2	4 444	0.7
Sum of Adjustments ¹⁾	463	0.1	1 129	0.3	2 367	0.5	8 368	1.4
EBITDA (adjusted) ¹⁾	32 737	10.5	46 264	11.9	60 720	12.6	64 629	10.5

¹⁾Refer to note "2.3 Definition of non-GAAP measures".

A detailed overview of sales by industry is disclosed in Note 4 "Segment Reporting" of the Consolidated Financial Statements.

A detailed overview of sales by region is disclosed in Note 4 "Segment Reporting" of the Consolidated Financial Statements.

in CHF 1 000	2022	in %	2023	in %	2024	in %	2025	in %
Net sales EMS Division	269 637	100.0	347 932	100.0	438 007	100.0	583 978	100.0
EBITDA EMS Division (reported) ¹⁾	28 950	10.7	43 366	12.5	57 047	13.0	59 835	10.2
EBITDA EMS Division (adjusted) ¹⁾	29 305	10.9	43 749	12.6	58 358	13.3	63 759	10.9

Net sales AS Division	44 779	100.0	43 011	100.0	45 306	100.0	35 262	100.0
EBITDA AS Division (reported) ¹⁾	6 459	14.4	6 063	14.1	6 826	15.1	3 799	10.8
EBITDA AS Division (adjusted) ¹⁾	6 459	14.4	6 088	14.2	7 181	15.8	3 799	10.8

¹⁾Refer to note "2.3 Definition of non-GAAP measures".

in CHF 1 000	31.12.2022	in %	31.12.2023	in %	31.12.2024	in %	31.12.2025	in %
Non-current assets	93 497	27.1	92 626	26.9	114 166	27.4	157 099	28.2
Current assets	251 422	72.9	251 896	73.1	302 899	72.6	399 679	71.8
Total assets	344 919	100.0	344 522	100.0	417 065	100.0	556 778	100.0
Equity	127 075	36.8	131 489	38.2	136 652	32.8	151 028	27.1

Financial liabilities	120 013	34.8	101 335	29.4	118 301	28.4	169 549	30.5
Cash and cash equivalents	–75 491	–21.9	–57 851	–16.8	–74 159	–17.8	–99 436	–17.9
Net debt	44 522	12.9	43 484	12.6	44 142	10.6	70 113	12.6
Financial leverage (Net debt / EBITDA - adjusted) ^{1) 2)}	1.34		0.94		0.71		1.10

Operating inventories ²⁾	101 125	29.3	105 419	30.6	110 986	26.6	141 968	25.5
Operating trade receivables ²⁾	49 226	14.3	49 497	14.4	70 783	17.0	87 037	15.6
Operating trade payables²⁾	–39 221	–11.4	–36 723	–10.7	–56 780	–13.6	–74 666	–13.4
Operating net working capital ²⁾	111 130	32.2	118 193	34.3	124 989	30.0	154 339	27.7
in % of LTM net sales ¹⁾	34.8		30.3		24.8		22.3

Capex for tangible assets	11 187		11 628		14 272		14 128
in % of net sales	3.6		3.0		3.0		2.3

¹⁾Acquisitions are included for full twelve months pro forma.

²⁾Refer to note "2.3 Definition of non-GAAP measures".