Cicor Technologies Ltd. (0QPR) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Interim Report 2023 Conference Call and Live Webcast. I'm Andre, the Corvus Call Operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Alexander Hageman, CEO. Please go ahead, sir. Thank you very much, Andre. Again, it's a pleasure to present our half-year results of SECOR, first half of 2023. Six months that were definitely very pleasing for all of us as more and more we see the results, the fruits of our strategy being implemented. Like usual, I will discuss with you some of the more strategic elements, operational elements of our first half, then followed by Peter, Peter Neumann, our CFO, who will present the details on the financials. So C-Core, we are a full-cycle electronic solution provider. What does it mean? It means that most of our revenue we earn by manufacturing solutions for our electronic customers and electronics, but full-cycle means we offer a lot of additional add-on services that are creating customer stickiness, that are allowing us to book higher margins than otherwise possible in the industry. We are very focused on our three core industries. That's something we do since we have announced our strategy in 2017, and it has proven to be a winning path for C-Core. Medical technology, 27% of sales, with the well-known applications of hearing aids, but many more in medical treatments, drug delivery, hospital devices, and so on. Aerospace and defen...