Cicor announces divestiture of Tunisia and implements an integration and productivity programme - Nordea
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Cicor announces divestiture of Tunisia and implements an integration and productivity programme - Nordea

Cicor announced this morning it is divesting its Tunisian production facility which will close in June 2026, as well as it will implement additional integration and efficiency measures. The measures will result in a reduction of approximately 220 positions, representing 5% of Cicor's total headcount, which includes the divestiture of the Tunisia site.

The company expects approx. CHF 10m in annual profitability improvement. One-time implementation costs in the mid-single-digit CHF million range are expected in 2026, primarily in H1 2026, and the majority of the financial benefits is already expected for H2 2026. The profitability improvements implies ~3% positive change to Bloomberg consensus 2027 on EBITDA.

The Tunisia divestment will have a negative impact of CHF 300,000 including transaction costs, but it will not have an impact on Group revenue, as the customer relationships will remain with Cicor.

Moreover, according to Cicor the integration of the companies acquired in 2025 is progressing according to plan, and they also confirms its financial guidance for 2026 (see below).
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