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Cicor Technologies

euro adhoc: Cicor Technologies
Earnings
Cicor Technologies well on track: Significant increase in earning power

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
25.11.2005
B o u d r y, 25 November 2005. Cicor Technologies, the
Neuchâtel-based industrial group that specializes in developing and
manufacturing printed circuit boards (PCB) as well as offering
Electronic Manufacturing Services (EMS), continues to perform very
well. As the group announced in its letter to shareholders, the three
companies in the PCB division put in a "very satisfactory"
performance to the end of October. For the first time since 2001 the
production company Cicorel SA in Boudry (NE) returned to profit.
Electronicparc Group, which was acquired in the middle of this year,
performed as expected in most areas. Restructuring costs in a small
part of this group will lead to exceptional expenditure, but this
forms part of an ongoing optimization process and will not compromise
the Group's ability to achieve its results. For the full current
financial year Cicor Technologies expects turnover of around CHF 110
million, EBITDA of about CHF 17 million and net profit of about CHF
8.5 million.
The acquisition of Electronicparc Group prompted Cicor Technologies
to adjust its organizational and management structures. The PCB
Division's production and holding companies were merged, and in the
EMS Division some of the complementary activities of Auparc AG are
being brought together with those of Swisstronics Contract
Manufacturing AG. Both companies are part of the Electronicparc
Group. With Cicor Group now generating more than 80 percent of its
turnover in German-speaking Switzerland, the Board of Directors has
decided that the newly established management company should be based
in Zurich. The holding company will, however, remain domiciled in
Boudry. The company is also announcing that the variable component of
the price paid for the July 2005 acquisition of Electronicparc Group
is being held by the company as "treasury shares". This leaves
1,924,210 shares in circulation.
Optimistic outlook
The Electronicparc Group will be fully consolidated for the whole
2006 financial year. In terms of both organic and acquisition-driven
growth the group believes that it will once again post growth rates
in excess of the market average. Consequently, the board expects
another significant year-on-year improvement in results in 2006.
end of announcement                               euro adhoc 25.11.2005 14:05:40

Further inquiry note:

Christian Welter
Executive Director of Cicor Technologies
Tel. +41 79 409 40 91
E-mail christian.welter@cicor.ch
www.cicor.ch

Branche: Technology
ISIN: CH0008702190
WKN: 8702190
Index: SPI, SSCI, SPIEX
Börsen: Frankfurter Wertpapierbörse / free trade
SWX Swiss Exchange / official market