VAT Group falls as Q4 ramp-up proves less dynamic than expected

Vontobel Holding AG

09/01/2025 08:21

** Shares in VAT Group  VACN.S  fall 3.7% after the Swiss
industrial valves maker reported Q4 results which showed a less
dynamic recovery than expected
    ** VAT Group posts Q4 sales of CHF 283 mln, slightly missing
Vontobel's estimates of CHF 286 mln    
    ** "2024 was a year of modest recovery after the 2023
downturn," Vontobel says, adding "the ramp-up was not quite as
dynamic as initially anticipated, as some semiconductor
endmarkets such as PC, smartphone and automotive remained
subdued"
    ** The stock sits at the bottom of Swiss mid-cap index
 .SMIM 

 (Reporting by Amir Orusov)
 ((Amir.orusov@thomsonreuters.com))