Cicor Reports 26% Increase in Q3 Sales
BRONSCHHOFEN, SWITZERLAND – Cicor announced sales of CHF120.4 million ($139.6 million) in the third quarter, up 26.3% from the 2023's third quarter.
For the first nine months of the year, the company's sales of CHF351.7 million ($407.7 million) represented an increase of 19.4% from the first three quarters of last year.
"Cicor has further strengthened its position in Europe as one of the leading development and manufacturing partners for complex electronics in its core markets of medical technology, industrial and aerospace and defence," the company said in a release. "The Cicor Group's organic sales growth in the third quarter was -1.5%. In the European market for electronic manufacturing services, which shrank by around 10% in the first half of 2024 due to ongoing destocking and generally weak demand, Cicor was able to gain market share again."
