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VACN - VAT AG News Story

CHF260.8 7.2  2.8%

Last Trade - 07/05/21

Sector
Industrials
Size
Large Cap
Market Cap £6.21bn
Enterprise Value £6.32bn
Revenue £550.0m
Position in Universe 148th / 1050

BRIEF-VAT Group Q1 Orders Up At CHF 241 Mln

Thu 15th April, 2021 6:08am
April 15 (Reuters) - VAT GROUP AG  VACN.S :
    * Q1 RECORD QUARTERLY ORDERS OF CHF 241 MILLION, UP 33%
YEAR-ON-YEAR, DRIVEN BY STRONG DEMAND FROM SEMICONDUCTOR
INDUSTRY AND A REBOUND IN INDUSTRIAL MARKETS
    * Q1 GROUP NET SALES INCREASED TO CHF 192 MILLION, UP 32%
VERSUS.
Q1 2020, AND SLIGHTLY ABOVE GUIDANCE
    * OUTLOOK 2021 * SUBSTANTIAL GROWTH EXPECTED FROM STRONG
SEMICONDUCTOR AND IMPROVING INDUSTRIAL MARKETS
    * VAT GROUP AG SEES FY 2021 SALES, EBITDA, EBITDA MARGIN AND
NET
INCOME EXPECTED TO GROW VERSUS 2020
    * VAT GROUP AG SEES FY 2021 CAPEX PLANNED AT AROUND CHF 40
MILLION; FREE CASH FLOW EXPECTED TO BE HIGHER DESPITE GROWTH
INVESTMENTS INTO WORKING CAPITAL
    * GUIDANCE FOR Q2 2021 * VAT EXPECTS NET SALES1 OF CHF 205 -
215
MILLION

Source text for Eikon:  ID:nNDL1PYXSn 
Further company coverage:  VACN.S 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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