Zurich (awp) – Vacuum pump equipment manufacturer VAT benefited from strong demand last year, particularly in the fourth quarter. Growth was there for the Saint-Gallois group, which achieved an annual turnover of 942 million Swiss francs, an increase of 6.4% compared to 2023.
Order intake jumped by half (+49.4%) to 1.03 billion Swiss francs, the Haag-based company said on Thursday. This indicator is lower than the average expectations of analysts surveyed by the AWP agency. Revenues are more or less in line with forecasts.
In its press release, VAT affirms that the recovery of the semiconductor market continues. In the fourth quarter, order intake and turnover continued to grow.
For the last partial period alone, order intake jumped 13% to 268 million Swiss francs, while sales soared 28% to 283 million. At the end of December, the order book reached 370 million Swiss francs (+27%).
-The group’s full financial statements will be published on March 4.
At the general meeting on April 29, shareholders will also have to vote on the candidacies of Clara-Ann Gordon and Michael Allison for the board of directors. Outgoing administrator Karl Schlegel will not seek re-election.
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