Inficon shares decline following Q1 results shortfall

Inficon Holding AG

24/04/2025 09:07

** Shares in Inficon IFCN.S dip 2.99% after the company's Q1 results marginally missed consensus

**  Revenues from its end-market Semiconductor and Vacuum Coating grew 18% y/y, 23% below growth in Q4 2024, mainly due to shipment timing rather than a market slowdown, Baader Helvea says

** Vontobel sees the semiconductor industry continuing on its recovery path in 2025, with growth expected in 2026, but says "uncertainty increases and visibility is lower"

** Inficon's FY 2025 guidance "has not instilled much confidence," Baader Helvea says, with "vulnerabilities in certain end markets such as Security & Energy"

** A weaker dollar weighs on valuation, Vontobel says, and Inficon sees up to 2% risk to its operating income margin under certain scenarios

 (Reporting by Bernadette Hogg)

 ((bernadette.hogg@thomsonreuters.com))