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Cicor Technologies Reports 6.7% Sales Growth in Q3 and Confirms 2026 Outlook

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CRLNCHF 138.42 4.40%

Cicor Technologies Ltd (BX:CRLN) reported a 6.7% increase in third-quarter sales to CHF 170.8 million, supported by solid customer demand across its electronics manufacturing business. Organic sales grew 4.6% during the period despite ongoing component shortages. Order intake for the quarter rose 10.7% to CHF 193.2 million, resulting in a book-to-bill ratio of 1.13. This marks the company's sixth straight quarter with a book-to-bill ratio above one.

The growing order book has helped offset tight market conditions for key electronics components, particularly memory chips and printed circuit boards. While these supply bottlenecks slightly delayed revenue recognition, Cicor continues to expand its market presence. The company added three new clients in the aerospace and defence sector during the first nine months of the year, bringing its client roster to 16 of Europe's top 20 contractors in that industry.

Looking ahead, Cicor confirmed its full-year 2026 guidance, expecting annual sales between CHF 700 million and CHF 750 million alongside adjusted EBITDA of CHF 70 million to CHF 80 million. Management anticipates a significant sales acceleration in the fourth quarter, with second-half revenue projected to rise 10% to 25% compared to the first half. The company also plans to close its acquisition of EDMI's site in Malaysia in the fourth quarter, which is expected to contribute additional revenue before year-end.

Key points

  • Q3 sales rose 6.7% to CHF 170.8 million, with organic sales up 4.6% despite component supply shortages.
  • Order intake grew 10.7% to CHF 193.2 million, marking a sixth consecutive quarter with a book-to-bill ratio above 1.0.
  • Cicor reaffirmed its full-year 2026 revenue target of CHF 700 million to CHF 750 million and adjusted EBITDA of CHF 70 million to CHF 80 million.
  • Management expects a strong rebound in Q4, projecting second-half revenue to run 10% to 25% higher than the first half.
  • The pending acquisition of EDMI's Malaysia site is set to close in Q4, adding mid-single-digit millions in CHF to 2026 revenue.

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Questions and answers

What were Cicor Technologies' Q3 2026 sales results?

Cicor reported Q3 sales of CHF 170.8 million, up 6.7% year-over-year, while order intake rose 10.7% to CHF 193.2 million.

What is Cicor Technologies' full-year guidance for 2026?

Cicor confirmed its full-year 2026 outlook, forecasting sales of CHF 700 million to CHF 750 million and adjusted EBITDA of CHF 70 million to CHF 80 million.