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VACN - VAT AG News Story

CHF254.4 3.0  1.2%

Last Trade - 4:34pm

Sector
Industrials
Size
Large Cap
Market Cap £5.91bn
Enterprise Value £6.01bn
Revenue £542.4m
Position in Universe 156th / 1054

BRIEF-VAT Group Q3 Net Sales Up 36%

Fri 16th October, 2020 6:09am
Oct 16 (Reuters) - VAT GROUP AG  VACN.S :
    * FULL-YEAR EBITDA MARGIN EXPECTED TO BE ABOVE 30%
    * Q3 NET SALES UP 36%
    * OUTLOOK 2020: NET INCOME SUBSTANTIALLY ABOVE 2019 LEVEL
    * Q4 NET SALES EXPECTED AT CHF 165 - 180 MILLION
    * FULL-YEAR NET SALES1 FORECAST AT CHF 670 - 685 MILLION
    * FULL-YEAR FREE CASH FLOW IMPROVEMENTS DUE TO HIGHER EBITDA
NEGATIVELY IMPACTED BY WORKING CAPITAL REQUIREMENTS AND EXPECTED
TO BE SLIGHTLY BELOW 2019 RECORD LEVEL
    * FULL-YEAR CAPITAL EXPENDITURE EXPECTED TO BE BELOW CHF 30
MILLION
    * ORDERS IN Q3 WERE 6% HIGHER AT CHF 156 MILLION
YEAR-ON-YEAR

Source text for Eikon:  ID:nNDLbBpmK9 
Further company coverage:  VACN.S 

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