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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

BUZZ-VAT Group: Q4 beat lifts shares

Thu 14th January, 2021 8:40am
** Shares in VAT Group  VACN.S  rise 2% after the Swiss
industrial valves manufacturer posted preliminary Q4 results
above expectations  urn:newsml:reuters.com:*:nL8N2JP0QF
    ** Q4 net sales of around CHF 187 million ($210.9
million)reflect a 7% beat versus the company outlook
 urn:newsml:reuters.com:*:nFWN2II060 and a 2% beat vs the broker's expectations, Baader
Helvea notes
    ** Zuercher Kantonalbank points to an extraordinarily high
dynamic in the semiconductor industry as a reason for the
clearly better-than-expected figures
    ** Shares in peer Atlas Copco  ATCOa.ST  up 2%


($1 = 0.8869 Swiss francs)

 ((Linda.pasquini@thomsonreuters.com))
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