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Cicor Technologies Ltd (CICN.S)

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Latest Key Developments (Source: Significant Developments)

Cicor Technologies appoints Alexander Hagemann as CEO as of Sept. 1
Wednesday, 17 Aug 2016 01:01am EDT 

Cicor Technologies Ltd : In new organization positions of head of divisions AMS and ES are dissolved . Alexander Hagemann has been appointed as chief executive officer (CEO) per Sept. 1 . Current CEO will leave Cicor Group .Until Sept.1 Patric Schoch, CFO of Group, will take over as CEO ad interim.  Full Article

Cicor Technologies H1 order intake up at CHF 109.0 mln
Wednesday, 17 Aug 2016 01:00am EDT 

Cicor Technologies Ltd : Increase in order intake in first half of 2016, from 98.7 million Swiss francs to 109.0 million Swiss francs ($113.15 million) . In H1 increased sales in Swiss francs by 0.9% (92.9 million Swiss francs; 1st half of 2015: 92.1 million Swiss francs) . EBITDA of Cicor Group in first six months of 2016 totalled 5.3 million Swiss francs and was 33.6 pct below previous year's result of 7.9 million Swiss francs . Recorded a 10.5% higher order intake and slightly higher sales in Swiss francs for first six months of 2016 . H1 EBIT fell by 2.2 million Swiss francs, from 3.4 million Swiss francs to 1.2 million Swiss francs . H1 net result of -0.6 million Swiss francs (1st half of 2015: 0.6 million Swiss francs . Large order intake and slight growth in sales in first half of 2016 . Cicor is expecting a higher order intake, moderate increases in sales and a turnaround in results for complete 2016 financial year .Based on successfully acquiring new customers and higher order intake, an upturn in sales is expected in 2017.  Full Article

Cicor Technologies concentrates PCB production and Electronic Solutions customer sup-port within Switzerland and reduces FY 2015 guidance
Friday, 23 Oct 2015 01:00am EDT 

Cicor Technologies Ltd:Decided to merge AMS Division's two PCB production locations in Switzerland.Is concentrating its printed-circuit board production in Advanced Microelectronics & Substrates Division (AMS Division) in Boudry (Canton of Neuchâtel).Is to concentrate customer support in Switzerland at ES Division's principal location in Bronschhofen (Wil, Canton of St. Gallen).Restructuring costs associated with two measures will affect Cicor Group's year-end results in amount of 4.9 million Swiss francs.Says some layoffs in Moudon and Quartino will be unavoidable.Is lowering expectations for FY 2015.Expects sales of around 180 million Swiss francs in FY 2015 and a net profit before restructuring costs significantly below that of previous year.  Full Article

Cicor Technologies names new CEO, proposes increased dividend
Wednesday, 11 Mar 2015 02:00am EDT 

Cicor Technologies Ltd:To propose increase of 20 percent in profit distribution in form of a tax-free dividend of 0.36 Swiss francs per share.Cicor group names Juerg Duebendorfer as new CEO.  Full Article

Cicor Technologies Ltd to change chairman of board of directors
Thursday, 5 Mar 2015 01:00am EST 

Cicor Technologies Ltd:Announces that Antoine Kohler is stepping down as chairman of board of directors when his term of office expires.Board of directors has proposed current vice chairman, Heinrich J. Essing, as new chairman of board of directors.  Full Article

Cicor Technologies Ltd signs credit agreement
Tuesday, 23 Dec 2014 01:00am EST 

Cicor Technologies Ltd:New financing of 65 million Swiss francs ($66.07 million) improves financial flexibility of group.Arranged credit facility with consortium of banks - led by Commerzbank AG - has duration of three years, with two extension options of one additional year each, running for a maximum term of five years.New financing agreement supersedes existing credit facility of 45 million Swiss francs which was signed in Feb. 2012.  Full Article

BRIEF-Cicor Technologies appoints Alexander Hagemann as CEO as of Sept. 1

* In new organization positions of head of divisions AMS and ES are dissolved