Annual Report 2023
The consistent execution of Cicor‘s business strategy is reflected in new record figures for order intake, sales and profitability.
The Cicor Group increased sales in 2023 by 24.5% year-on-year to a new high of CHF 389.9 million (2022: CHF 313.2 million). While organic growth contributed 11.1% and acquisitions 16.4% to sales growth, the appreciation of the Swiss franc slowed sales growth by –3.0%.
Despite the economic headwind, Cicor was able to further expand its robust order backlog. With incoming orders of CHF 399.8 million (2022: CHF 358.9 million), the previous year’s figure was exceeded by 11.4% and a ratio of incoming orders to sales (book-to-bill rate) of 1.03 was achieved. Cicor Group’s order backlog thus continues to represent around one year’s sales.
