Cicor Technologies Reports Strong H1 Growth and Returns to Organic Expansion

Cicor Group announced significant growth in its half-year results, with revenue soaring by 19% to CHF 334.1 million. This was primarily driven by acquisitions, which accounted for a 22.8% increase, despite currency challenges reducing overall growth by 3.8%. The order intake rose by 39.8% to CHF 399.8 million, resulting in a book-to-bill ratio of 1.2, providing robust future visibility.

In the Aerospace & Defence sector, revenues expanded by 55%, accounting for 28% of the group's total revenue. This was supported by new contracts, including key partnerships in the rail infrastructure market. The integration of businesses acquired in 2025, alongside operational efficiencies and strategic mergers, progressed as planned, enhancing profitability. However, this led to temporary operating profitability constraints.

Cicor's strategic focus remains on scaling operations, leveraging acquisitions, and converting increased revenue into earnings. The group's outlook for 2026 predicts revenues between CHF 700 million and CHF 750 million, with an adjusted EBITDA of CHF 70 to 80 million. Key risks identified include geopolitical developments and foreign exchange dynamics.