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Cicor Technologies ( (CH:CICN) ) has provided an update.
Cicor Technologies reported a 33% increase in quarterly sales, reaching CHF 160.1 million, despite a challenging environment. The company strengthened its position in the medical, industrial, and aerospace & defense markets in Europe. While the Advanced Substrates division saw a slight decline due to inventory reductions and site closures, the Electronic Manufacturing Services division achieved organic growth, defying the general market trend. New orders, particularly in the aerospace and defense sector, are expected to bolster growth in the final quarter of the year.
The most recent analyst rating on (CH:CICN) stock is a Buy with a CHF210.00 price target. To see the full list of analyst forecasts on Cicor Technologies stock, see the CH:CICN Stock Forecast page.
More about Cicor Technologies
The Cicor Group is a globally active provider of electronic total solutions, offering services from research and development to production and supply chain management. With approximately 4,400 employees across 13 countries, Cicor serves leading companies in the medical, industrial, and aerospace & defense sectors. The company is known for its customer-specific development solutions, high-tech components, and electronic device manufacturing. Cicor Technologies Ltd. is listed on the SIX Swiss Exchange under the ticker CICN.
Average Trading Volume: 14,027
Current Market Cap: CHF928.9M
See more insights into CICN stock on TipRanks’ Stock Analysis page.