VAT Group slides after Q3 miss, weaker-than-expected guidance

VAT AG

16/10/2025 08:02

** Shares of VAT Group VACN.S fall around 5% after the Swiss industrial valves maker posted weaker-than-expected Q3 results and Q4 guidance

** "VAT's weak 3Q25 order intake and subdued 4Q25 guidance disappoint, reflecting primarily continued weakness in mature-node technology investments," Vontobel says

** Q3 orders came in at CHF 238.1 million, 7.6% below consensus expectations, cited by J.P.Morgan

** JPM adds the Q4 sales guidance is 15.2% below consensus expectations at midpoint, which along with weaker Q3 sales should reduce market expectations for 2025 by 5.1%

** Still, the broker notes that while results are disappointing, they are not unexpected and the ongoing memory strength should be visible at VAT at some point in H1 2026

** Up to previous session's close, the stock was up 4.6% YTD

(Reporting by Amir Orusov)

((Amir.orusov@thomsonreuters.com))