Innovat and Em Machin Global
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APPLICATION EXAMPLE INNOVATIVE SEWING AND EMBROIDERY Annual Report 2016 MACHINES FOR THE GLOBAL MARKET BERNINA considers the quick change in the economy, technology, en- vironment and society to be a challenge. Progress is the most im- portant cornerstone for BERNINA in order to play a leading role in the world of sewing machines and textile technology. BERNINA machines stand for Swiss precision. Quality and innovation are of major impor- tance and have a long tradition. BERNINA International AG is a global company and one of the world’s leading manufacturers of sewing and embroidery machines for private households. As a global outsourcing partner, the Cicor Group is responsible for the production of many electronic and plastic products for BERNINA sewing and embroidery machines. As a long-standing partner, Cicor offers one-stop development services, PCB assembly, tool manu- facturing as well as plastic injection molding and box building. Cicor produces electronic and plastic products for BERNINA in Europe and Asia – from the market for the market. One-stop electronics and plastics Cicor Technologies Ltd. “As a long-standing partner Route de l’Europe 8 Cicor offers services along 2017 Boudry Switzerland the supply chain – from the www.cicor.com market for the market.” 0_Cicor_GB16_Umschlag_en.indd 5-2 28.02.2017 14:04:26 APPLICATION EXAMPLE INNOVATIVE SEWING AND EMBROIDERY Annual Report 2016 MACHINES FOR THE GLOBAL MARKET BERNINA considers the quick change in the economy, technology, en- vironment and society to be a challenge. Progress is the most im- portant cornerstone for BERNINA in order to play a leading role in the world of sewing machines and textile technology. BERNINA machines stand for Swiss precision. Quality and innovation are of major impor- tance and have a long tradition. BERNINA International AG is a global company and one of the world’s leading manufacturers of sewing and embroidery machines for private households. As a global outsourcing partner, the Cicor Group is responsible for the production of many electronic and plastic products for BERNINA sewing and embroidery machines. As a long-standing partner, Cicor offers one-stop development services, PCB assembly, tool manu- facturing as well as plastic injection molding and box building. Cicor produces electronic and plastic products for BERNINA in Europe and Asia – from the market for the market. One-stop electronics and plastics Cicor Technologies Ltd. “As a long-standing partner Route de l’Europe 8 Cicor offers services along 2017 Boudry Switzerland the supply chain – from the www.cicor.com market for the market.” 0_Cicor_GB16_Umschlag_en.indd 5-2 28.02.2017 14:04:26 ABOUT US 2016 / 2015 CICOR – KEY FIGURES SALES ADDRESSES in CHF 1 000 unless otherwise specified 2013 in % 2014 in % 2015 in % 2016 in % BY INDUSTRY HEAD OFFICE CICOR ELECTRONIC Cicor Anam Ltd. CICOR ADVANCED YOUR TECHNOLOGY SOLUTIONS 15 VSIP Street 4 MICROELECTRONICS Net sales 190 453 100.0 202 458 100.0 180 612 100.0 189 494 100.0 2% Cicor Technologies Ltd. 7% Thuan An District Change compared to previous year (%) 8.2 6.3 –10.8 4.9 12% 5% 8% 2% Route de l’Europe 8 & SUBSTRATES 12% Swisstronics Binh Duong Province 9% 2017 Boudry EBITDA before restructuring costs 17 604 9.2 19 662 9.7 12 117 6.7 12 612 6.7 Contract Manufacturing AG Vietnam Cicorel SA PARTNER Switzerland Gebenloostrasse 15 Change compared to previous year (%) 14.9 11.7 –38.4 4.1 Tel. +84 650 375 66 23 Route de l’Europe 8 info cicor.com 13% @ 9552 Bronschhofen Fax +84 650 375 66 24 2017 Boudry Operating profit before restructuring costs (EBIT) 8 512 4.5 10 229 5.1 3 066 1.7 4 072 2.1 www.cicor.com 9% Switzerland www.cicor.com Switzerland Restructuring costs – 0.0 – 0.0 –4 718 –2.6 –1 145 –0.6 Tel. +41 71 913 73 73 Tel. +41 32 843 05 00 Operating profit (EBIT) 8 512 4.5 10 229 5.1 –1 652 –0.9 2 927 1.5 Fax +41 71 913 73 74 Suzhou Cicor Technology Co. Ltd. Fax +41 32 843 05 99 CONTACT www.cicor.com Earnings before taxes (EBT) 5 816 3.1 8 958 4.4 –3 811 –2.1 1 088 0.6 EPZ No. 11 Building www.cicor.com No. 666 Jianlin Road Income taxes –1 272 –0.7 –1 952 –1.0 –245 –0.1 –830 –0.4 27% 37% Cicor Management AG S.C. Systronics S.R.L. SND-EPZ Sub-industrial Park Cicor Americas Ltd. 27% 30% Gebenloostrasse 15 Net profit before restructuring costs 4 544 2.4 7 006 3.5 662 0.4 1 403 0.7 Zone Parc Industrial F-N 9552 Bronschhofen Suzhou, China 215151 185 Alewife Brook Parkway, 310580 Arad Tel. +86 512 6667 2013 Suite #410 Net profit/(loss) 4 544 2.4 7 006 3.5 –4 056 –2.2 258 0.1 Aerospace & defence Switzerland Romania www.cicor.com Cambridge, MA 02138 Earnings per share (in CHF) 1.58 2.39 –1.37 0.09 Communication www.cicor.com Industrial Tel. +40 257 285 944 USA Number of employees (FTEs at end of period) 1 912 1 852 1 958 1 841 Medical Fax +40 257 216 733 Cicor is a global engineering and manufacturing service provider with Tel. +41 71 913 73 00 Tel. +1 617 576 2005 Automotive & transport www.cicor.com Fax +1 617 576 2001 innovative technology solutions for the electronics industry. With 1 841 Watches & consumer Fax +41 71 913 73 01 Other [email protected] www.cicor.com employees at ten production sites, Cicor manufactures highly complex Cicor Asia Pte Ltd. [email protected] printed circuit boards, hybrid circuits and 3D-MID solutions and offers 45 Changi South Avenue 2 RHe Microsystems GmbH complete electronic assembly and plastic injection molding. #02-01 Singapore 486133 Heidestrasse 70 Singapore 01454 Radeberg The Group supplies customized solutions from design to finished BY EXPORT REGION Tel. +65 6546 16 60 Germany Fax +65 6546 65 76 Tel. +49 3528 4199-0 product for international customers. 2% www.cicor.com Fax +49 3528 4199-99 7% 1% www.cicor.com The shares of Cicor Technologies Ltd. are listed on the SIX Swiss 6% Cicor Ecotool Pte Ltd. 13% 45 Changi South Avenue 2 Reinhardt Microtech GmbH Exchange (CICN). 18% Division results 2013 in % 2014 in % 2015 in % 2016 in % 37% #04-01 Singapore 486133 Sedanstrasse 14 AMS Division 40% Singapore 89077 Ulm Tel. +65 6545 50 30 – Sales 59 095 100.0 56 934 100.0 49 510 100.0 42 844 100.0 Germany Fax +65 6545 00 32 Tel. +49 731 9858 8413 Contact – EBITDA before restructuring 7 740 13.1 7 594 13.3 4 907 9.9 2 583 6.0 www.cicor.com Fax +49 731 9858 8411 Cicor Management AG www.cicor.com Gebenloostrasse 15 ES Division 41% PT Cicor Panatec Batamindo Industrial Park, 9552 Bronschhofen – Sales 131 405 100.0 145 662 100.0 131 578 100.0 146 650 100.0 35% Reinhardt Microtech AG Lot 323 - 324 Aeulistrasse 10 – EBITDA before restructuring 12 018 9.1 13 912 9.6 9 380 7.1 11 568 7.9 Switzerland Switzerland Jalan Beringin, Muka Kuning 7323 Wangs [email protected] Europe (without Switzerland) Batam 29433 Switzerland Asia Indonesia Tel. +41 81 720 04 56 North America Tel. +62 770 61 22 33 www.cicor.com Other Fax +41 81 720 04 50 Fax +62 770 61 22 66 www.cicor.com www.cicor.com BY PRODUCTION REGION 25% 20% 37% 45% Published by Cicor Technologies Ltd. This annual report is published in Design concept/Realization German and English as a print and Linkgroup AG, Zurich online version. The print and online 38% www.linkgroup.ch German version is binding. 35% © Cicor Technologies Ltd., Photos: BERNINA International AG March 2017 Switzerland Europe (without Switzerland) Asia 0_Cicor_GB16_Umschlag_en.indd 3-6 28.02.2017 14:04:27 ABOUT US 2016 / 2015 CICOR – KEY FIGURES SALES ADDRESSES in CHF 1 000 unless otherwise specified 2013 in % 2014 in % 2015 in % 2016 in % BY INDUSTRY HEAD OFFICE CICOR ELECTRONIC Cicor Anam Ltd. CICOR ADVANCED YOUR TECHNOLOGY SOLUTIONS 15 VSIP Street 4 MICROELECTRONICS Net sales 190 453 100.0 202 458 100.0 180 612 100.0 189 494 100.0 2% Cicor Technologies Ltd. 7% Thuan An District Change compared to previous year (%) 8.2 6.3 –10.8 4.9 12% 5% 8% 2% Route de l’Europe 8 & SUBSTRATES 12% Swisstronics Binh Duong Province 9% 2017 Boudry EBITDA before restructuring costs 17 604 9.2 19 662 9.7 12 117 6.7 12 612 6.7 Contract Manufacturing AG Vietnam Cicorel SA PARTNER Switzerland Gebenloostrasse 15 Change compared to previous year (%) 14.9 11.7 –38.4 4.1 Tel. +84 650 375 66 23 Route de l’Europe 8 info cicor.com 13% @ 9552 Bronschhofen Fax +84 650 375 66 24 2017 Boudry Operating profit before restructuring costs (EBIT) 8 512 4.5 10 229 5.1 3 066 1.7 4 072 2.1 www.cicor.com 9% Switzerland www.cicor.com Switzerland Restructuring costs – 0.0 – 0.0 –4 718 –2.6 –1 145 –0.6 Tel. +41 71 913 73 73 Tel. +41 32 843 05 00 Operating profit (EBIT) 8 512 4.5 10 229 5.1 –1 652 –0.9 2 927 1.5 Fax +41 71 913 73 74 Suzhou Cicor Technology Co. Ltd. Fax +41 32 843 05 99 CONTACT www.cicor.com Earnings before taxes (EBT) 5 816 3.1 8 958 4.4 –3 811 –2.1 1 088 0.6 EPZ No.