BRIEF

on Cicor Technologies Ltd (isin : CH0008702190)

Cicor Reports Significant Growth and Strategic Expansion in H1 2025

Cicor Technologies Ltd announced a notable 21.4% increase in net sales for the first half of 2025, reaching CHF 280.7 million. This growth, driven primarily by acquisitions, advances Cicor's goal to lead pan-European markets by 2028. Key acquisitions, especially in France and Spain, formed the backbone of this expansion, which includes Profectus, Éolane France, and Mercury.

The company's book-to-bill rate improved from 0.87 in H1 2024 to 1.02 in 2025, indicating healthier demand. Despite a negative organic growth of 2.1% in H1, primarily due to challenges in the Advanced Substrates division, Q2 exhibited positive organic growth. Cicor's EBITDA margin slightly rose to 11.2%, excluding Éolane's integration impacts.

The acquisition of Éolane France from bankruptcy added CHF 125 million in annual sales. With 890 new employees, Cicor strengthens its presence in France and Morocco despite initial operational challenges.

R. H.

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