Cicor Technologies Ltd./Fr. CICN

1D1W1MYTD1Y5YMAX

About Cicor Technologies Ltd.

Cicor Technologies Ltd. is a Switzerland-based company operating in the technology sector, specializing in the manufacturing and production of advanced electronic solutions. The company offers a range of products and services including printed circuit boards (PCBs), hybrid circuits, and microelectronics, as well as electronic manufacturing services (EMS). Cicor serves diverse industries such as medical, industrial, aerospace, and automotive sectors. The company’s headquarters is located in Bronschhofen, Switzerland, and it maintains a global presence through production sites located in Europe, Asia, and North America. Cicor's strategic positioning is enhanced by its focus on high-quality, customized solutions that cater specifically to client needs across highly demanding industries.
Ticker
Fr. CICN
Sector
Digital Hardware
Primary listing
XSWX
Employees
4,521
Headquarters
Bronschhofen, Switzerland
Website
www.cicor.com

CICN Metrics

BasicAdvanced
CHF 567M
39.08
CHF 3.28
0.71
-

Bulls say / Bears say

Order intake rose 39.8% in H1 2026, with a book-to-bill ratio of 1.2 for the fifth consecutive quarter. Aerospace and defence revenue grew 55% and new European defence programmes worth up to €30 million add visibility from 2027 to 2029. (Cicor, EQS News)
Cicor expects recurring annual EBITDA improvements of more than CHF10 million as its 2025 acquisitions are integrated. If the programme delivers, the resulting savings and stronger second-half revenue could lift adjusted EBITDA towards the 2026 guidance range of CHF70 million to CHF80 million. (EQS News, Cicor)
The EDMI deal would add a long-term smart-meter manufacturing partnership with expected annual revenue above USD50 million, while new rail and aerospace customers are due to contribute from 2027. This supports the case that Cicor is building recurring programme revenue rather than relying only on short-term orders. (Webdisclosure, Cicor)
Revenue growth has not yet translated into stronger profitability: H1 adjusted EBITDA margin fell to 8.4% from 10.3% a year earlier, while trailing net margin was reported at 2.7% versus 5.7%. The lower-margin acquired businesses still need to be turned around. (Cicor, Simply Wall St)
Supply-chain constraints and component shortages remain a material execution risk, particularly for aerospace and defence programmes. Higher inventories and receivables pushed H1 free cash flow before acquisitions to negative CHF11.5 million, so growth is currently consuming cash as well as generating sales. (StockAnalysis, IN Electronics & Design)
The shares can still disappoint even if the operating recovery arrives: recent analysis put Cicor on a 36.3-times P/E, above the broader European electronic industry multiple of 20.1 times, while also flagging high debt and the weaker net margin. That leaves less room for missed guidance or a slower integration than expected. (Simply Wall St)
Data summarised monthly by Lightyear AI. Last updated on 21 Sept 2026.

Funds containing CICN

AllGBPEUR
Funds
Fund name
Fund size
Fr. CICN weighting
Wisdomtree Europe Defence£WDEP
£4.2B0.06%
Xtrackers MSCI Europe Small Cap€DX2J
€3.2B0.02%
Xtrackers MSCI Europe Small Cap£XXSC
£2.8B0.02%
SPDR MSCI All Country World IM€SPYI
€7.5B0.00%
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.