Cicor Technologies (CICN) Q1 2026 earnings summary

Executive summary

• Achieved strong order intake in Q1 2026, especially in Aerospace & Defence, with new customer wins including Kongsberg.

• Net sales rose 22.6% year-over-year to CHF 160.7 million, driven by M&A growth despite organic decline and FX headwinds.

• Order backlog and book-to-bill ratio of 1.22 provide solid revenue visibility for upcoming quarters.

Financial highlights

• Q1 2026 net sales: CHF 160.7 million, up from CHF 131.1 million in Q1 2025.

• Order intake reached CHF 196.4 million, up from CHF 125.8 million year-over-year.

• Organic sales declined by 6%, while M&A contributed 33.4% growth; currency impact was -4.8%.

Outlook and guidance

• Expects organic growth to return in 2026, with momentum building in the second half as supply chain constraints ease.

• 2026 sales guidance: CHF 700–750 million; adjusted EBITDA: CHF 70–80 million, assuming stable geopolitical conditions.

• Active M&A pipeline to support long-term profitable growth.