Brief: Cicor FY Net Income Down At CHF 4.2 Million

Cicor Technologies

11/03/2021 06:13

March 11 (Reuters) - CICOR TECHNOLOGIES LTD  CICN.S :
    * CLOSES CHALLENGING YEAR WITH SOLID RESULT
    * FY EBITDA GENERATED THUS AMOUNTED TO CHF 19.4 MILLION
(2019: CHF
24.8 MILLION)
    * FY EBIT DECREASED TO CHF 8.9 MILLION (2019: CHF 14.9
MILLION),
    * FY NET RESULT OF CHF 4.2 MILLION (2019: CHF 8.4 MILLION)
WAS
ACHIEVED
    * CAUTIOUSLY OPTIMISTIC FOR NEW FISCAL YEAR 2021.
    * 2021 SALES ARE EXPECTED TO INCREASE COMPARED TO REPORTING
YEAR
AND RESULTS OF OPERATIONAL IMPROVEMENTS WILL BE REFLECTED IN AN
INCREASED OPERATING MARGIN

Source text for Eikon:  ID:nEQ4011J0a 
Further company coverage:  CICN.S 

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