Cicor Closes Challenging 2020 with Solid Result
Cicor, a leading international technology company in the fields of printed circuit boards and hybrid circuits, printed electronics, microelectronics as well as EMS (Electronic Manufacturing Services), based in Boudry (Switzerland), reported a sales decrease of 15.4 percent year-on-year to CHF 214.9 million in 2020 (2019: CHF 253.9 million), due to the ordering behavior of selected major customers during the COVID 19 pandemic, which is at the upper end of guidance due to a pick-up in business towards the end of the year. In local currencies, the decrease in sales amounted to 11.9 percent. With an order intake of CHF 216.0 million (2019: CHF 208.9 million), the previous year was exceeded by 3.4 % and a positive book-to-bill ratio of 1.01 was achieved.
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Sagging Swiss fintech fortunes in need of a facelift Published on
Can Switzerland’s fintech sector make hay after coronavirus flattened last year’s crop?
Evaluating the health of an entire industry is always a ticklish business – some companies will always fare better than others at any given time. But taken as a whole, it appears that Swiss fintech has experienced a year of “stagnation”.
“The continuous growth and increasing maturity of the Swiss fintech sector observed in earlier years came to a halt in 2020,” says the annual industry study by the Lucerne University of Applied Sciences and Arts.
The number of new fintech start-ups increased by just 23, bringing the total to 405. That’s the lowest growth since 2015.