euro adhoc: Cicor Technologies / Earnings / Cicor Technologies well on track: Significant increase in earning power (E)

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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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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.

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

end of announcement euro adhoc 25.11.2005 14:05:40
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emitter: Cicor Technologies
8, Route de l´Europe
CH-2017 Boudry
phone: +41 (0)32 843 0555
FAX: +41 (0)32 843 05 99
mail: cwelter@cicor.ch
WWW: http://www.cicor.ch
ISIN: CH0008702190
indexes:
stockmarkets:
sector: Technology
language: English

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