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Last SFr.34.85 CHF
Change Today -0.25 / -0.71%
Volume 412.0
As of 11:43 AM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

cicor technologies-reg (CICN) Snapshot

Open
SFr.34.85
Previous Close
SFr.35.10
Day High
SFr.34.85
Day Low
SFr.34.85
52 Week High
07/1/14 - SFr.38.90
52 Week Low
01/27/15 - SFr.31.55
Market Cap
100.3M
Average Volume 10 Days
1.0K
EPS TTM
SFr.2.11
Shares Outstanding
2.9M
EX-Date
04/27/15
P/E TM
16.5x
Dividend
SFr.0.36
Dividend Yield
0.86%
Current Stock Chart for CICOR TECHNOLOGIES-REG (CICN)

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cicor technologies-reg (CICN) Details

Cicor Technologies Ltd. provides production and service for electronic components and systems worldwide. Its Advanced Microelectronics & Substrates division offers technologies in packaging, assembly, and interconnection techniques in the area of microelectronics; and manufactures and processes highly complex rigid, flexible, and rigid-flexible printed circuit boards and substrates using thin and thick-film technology. The company’s Electronic Solutions division provides outsourcing solutions for the development and manufacture of printed circuit board assemblies, as well as devices and systems. This division’s outsourcing solutions comprise production options for printed circuit board assembly, system assembly, box building, control cabinet construction, cable assembly, toolmaking, and injection molding. The company markets and sells its products and services to medical, industrial, watches and consumer, communication, automotive and transport, and aerospace and defense sectors. Cicor Technologies Ltd. is headquartered in Boudry, Switzerland.

1,852 Employees
Last Reported Date: 03/10/15

cicor technologies-reg (CICN) Top Compensated Officers

Acting Chief Executive Officer and Chief Fina...
Total Annual Compensation: SFr.337.0K
Compensation as of Fiscal Year 2013.

cicor technologies-reg (CICN) Key Developments

Cicor Reports Earnings Results for the Full Year 2014

Cicor reported earnings results for the full year 2014. For the period, the company reported net revenue was CHF 202.5 million against CHF 190.5 million a year ago, an increase of 6.3% year-on-year. At constant exchange rates, the Group recorded a 7.4% increase in revenue. EBITDA rose by 12.6% to CHF 19.8 million against CHF 17.6 million in 2013, with the EBITDA margin increasing to 9.8% of net sales to 9.2% in 2013. The operating result (EBIT) amounted to CHF 9.6 million or 4.7% of net sales to CHF 8.5 million or 4.5% in 2013. Net profit was also sharply higher at CHF 6.2 million against CHF 4.5 million in 2013. In 2014 free cash flow was CHF 8.0 million against negative free cash flow of CHF 10.7 million in 2013. This excellent performance is due to disciplined management of the net working capital and the reduction in investment activity compared with the prior year. In addition, over the last 12 months Cicor has reduced its net financial debt by 25% or CHF 7.0 million from CHF 28.2 million to CHF 21.2 million at the end of 2014.

Cicor Technologies Ltd. Announces Executive Changes

The Cicor Group announced the appointment of Dr. Jorg Duebendorfer as new CEO. Dr. Duebendorfer will take up his new position on June 1, 2015. He has 20 years of experience in the industry and has generated excellent results in various management positions. His professional career includes 12 years at Tecan, where in his last function he was the Executive Vice President of the Product Development & Operations division until 2012. Dr. Duebendorfer is currently CEO of Sauser Management AG, a holding company that has interests in various firms, in particular in Bamotec AG, which operates in outsourcing and supply chain management of complex mechatronic structural components and equipment for the industrial and medical products sector. Based on his vast experience, he will guide Cicor through the next stage of its growth, together with the Group Management. Patric Schoch, who has been the acting CEO of the Cicor Group since December 12, 2012, will return to his role as Group CFO on June 1, 2015. Patric Schoch has played a crucial role in boosting the Group's operating results during this transition phase. Patric Schoch is an excellent CFO, and he will play an important role in supporting the new CEO.

Cicor Technologies Ltd. Announces Changes to the Management Team

Cicor announced that Antoine Kohler is stepping down as Chairman of the Board of Directors of Cicor Technologies Ltd. when his term of office expires. In addition, Hans Knopfel will not stand for re-election for another term to the Board of Directors and will step down at the Annual General Meeting in April 2015. The Board of Directors has proposed the current Vice Chairman, Heinrich J. Essing, as the new Chairman of the Board of Directors. All other members of the Board of Directors will stand for re-election for another term of office. In addition, the Board of Directors recommends that Erich Haefeli be elected to the Board. For many years, Erich Haefeli headed the legal and patent department of OC Oerlikon Balzers AG and was also a member of the company's Executive Management. In addition, he served on the Board of Directors of many firms in the Oerlikon-Bührle Group. With his many years of experience in legal issues and his vast knowledge of corporate governance, M&A, contracting and risk management, Haefeli will be a valuable addition to the Board of Directors.

 

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CICN

Industry Average

Valuation CICN Industry Range
Price/Earnings 17.3x
Price/Sales 0.5x
Price/Book 0.8x
Price/Cash Flow 6.4x
TEV/Sales 0.2x
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