VAT Group shares fall after it cuts 2027 revenue guidance

VAT AG

20/05/2025 09:49

** Shares of VAT Group VACN.S fall 3.1% after the Swiss industrial valves maker lowered its mid-term revenue guidance until 2027

** It now sees 2027 revenue of CHF 1.5 bln to CHF 1.7 bln ($1.8 bln to $2.0 bln), vs CHF 1.8 bln to CHF 2.2 bln previously

** J.P.Morgan analysts note the midpoint of the guidance at CHF 1.6 bln is 20% below that of the prior forecast

** Difficult macro environment and the company's exposure to the Chinese market will be key questions for the CMD to be held later on Tuesday, JPM says, while noting VAT might benefit from an upturn in the memory market

** VAT shares are is among the top fallers on the pan-European STOXX 600 index .STOXX

($1 = 0.8317 Swiss francs)

 (Reporting by Simon Ferdinand Eibach)

 ((Simonferdinand.eibach@thomsonreuters.com))