Cicor Group (CICN.SW) Wednesday said that it has lowered its outlook for fiscal year 2025, in the backdrop of a weaker-than-expected economic environment and also currency fluctuations.
The company, which offers advanced electronic solutions, now expects fiscal 2025 net sales in the range of 600 million-620 million Swiss francs, slightly lower than the earlier guidance of between 620 million francs and 650 million francs.
Adjusted EBITDA is projected at 63 million francs to 67 million francs, excluding one-off effects related to acquisition step-ups, integration, and restructuring. Reported EBITDA is now expected in the 58 million francs to 62 million francs range, down from the earlier 62 million francs to 70 million francs.
According to Cicor Group, the revised outlook is a result of projected delays in customer deliveries to Germany, pushing certain revenues into fiscal 2026. In addition, the appreciation of the Swiss franc, mainly against the British pound and the US dollar, also had a negative impact on the results.
Looking ahead, the company said that it will return to organic growth in fiscal 2026. The company has signed deals with two European A&D contractors for the upcoming year, with initial revenues anticipated in 2026 and sales in 2027 expected to exceed 10 million francs.
Cicor Group also reaffirmed its medium-term outlook for fiscal 2026.
On the Swiss Exchange, CICN.SW ended Tuesday's trading at 184.50 Swiss francs, up 1.10 percent.
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