Switzerland's INFICON 2025 sales edge up to record, helped by Asia-Pacific demand

Inficon Holding AG

24/03/2026 06:11

Overview

Switzerland vacuum technology firm's 2025 sales rose 0.4% to record $673.7 mln

Operating and net profit margins fell due to costs from manufacturing changes and trade disputes

Company expects 2026 sales of $680 mln to $720 mln, operating margin 17-19%

Board proposes CHF 2.00 per share dividend for 2025

Outlook

INFICON sees 2026 sales of $680 mln to $720 mln

Company expects 2026 operating profit margin between 17% and 19%

INFICON expects gradual profitability improvement, but says some margin pressure remains

Result Drivers

MANUFACTURING ADJUSTMENTS - Co said manufacturing changes to address trade and technology disputes led to higher costs and temporarily reduced margins

STRONG ORDER INTAKE - Co reported order intake exceeded sales in all four quarters, with book-to-bill ratio above 1 for four consecutive quarters

ASIA-PACIFIC DEMAND - Sales in Asia-Pacific rose 19.2%, driven by demand for latest generation AI chips and new Malaysia site

Company press release: ID:nEQb0j5lCa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Sales
$673.70 mln
FY Operating Income
$112.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

Wall Street's median 12-month price target for Inficon Holding AG is CHF125.00, about 14.5% above its March 23 closing price of CHF109.20

The stock recently traded at 30 times the next 12-month earnings vs. a P/E of 28 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)