Switzerland's Cicor Q1 sales rise 22.6% on M&A gains

Cicor Technologies

14/04/2026 06:10

Overview

Switzerland electronics solutions provider's Q1 sales rose 22.6% yr/yr to CHF 160.7 mln

Q1 growth driven by M&A; organic sales fell 6% amid supply chain and FX headwinds

Company confirms 2026 sales and adjusted EBITDA guidance, expects organic growth to return

Outlook

Cicor expects 2026 group sales of CHF 700 mln to CHF 750 mln

Company projects 2026 adj EBITDA of CHF 70 mln to CHF 80 mln

Cicor sees organic growth returning in 2026, with main contribution in H2

Result Drivers

M&A-DRIVEN GROWTH - Q1 sales growth mainly reflected acquisitions, while organic sales declined 6%

SUPPLY CHAIN & FX HEADWINDS - Organic decline attributed to supply chain constraints, component shortages and negative FX impact

AEROSPACE & DEFENCE DEMAND - Strong order intake driven by Aerospace & Defence market

Company press release: ID:nEQlwFLya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
CHF 160.7 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for Cicor Technologies Ltd is CHF173.50, about 41.1% above its April 13 closing price of CHF123.00

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)