Brief: Cicor: Board of Directors To Propos To Waive 2022 Dividend At AGM

Cicor Technologies

02/03/2023 06:06

March 2 (Reuters) - Cicor Technologies Ltd  CICN.S :
    * RECORD SALES AND DOUBLE-DIGIT EBITDA MARGIN - CICOR
WITHSTANDS
NEGATIVE EXTERNAL INFLUENCES AND GROWS AGAIN PROFITABLY
    * CICOR'S SALES INCREASED 2022 BY 31.0% YEAR-ON-YEAR TO AN
ALL-TIME HIGH OF CHF 313.2 MILLION
    * EBITDA GENERATED AMOUNTED TO CHF 32.3 MILLION, 39.6% ABOVE
PREVIOUS YEAR'S FIGURE OF CHF 23.1 MILLION
    * CORE NET INCOME GROWTH WAS SLIGHTLY LOWER THAN CORE EBIT
GROWTH
DUE TO FOREIGN EXCHANGE EFFECTS, HIGHER INTEREST COSTS AND AN
INCREASED TAX BURDEN
    * STRONG CASH POSITION OF CHF 75.5 MILLION (31.12.2021: CHF
68.8
MILLION) AND SOLID EQUITY RATIO OF 40.6% (31.12.2021: 27.6%) IN
COMBINATION WITH LOW NET DEBT, ALLOW CICOR TO CONTINUE ITS
STRATEGY OF GROWTH IN 2023 AND BEYOND
    * PROPOSES TO ANNUAL GENERAL MEETING 2023 TO WAIVE PAYMENT
OF A
DIVIDEND OVER 2022

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 (Reporting by Berlin Newsroom)
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