VAT Group Provides Earnings Guidance for the First Quarter and Full Year 2021
March 04, 2021 at 04:00 am EST
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VAT Group provided earnings guidance for the first quarter and full year 2021. For the first quarter, the company maintained sales guidance of between CHF 180 million to CHF 190 million.
Uncertainty from COVID pandemic remains, but is expected to fade over the year. Group net sales and net income expected to grow versus 2020.
VAT Group AG is a Switzerland-based company engaged in the manufacture of industrial valves. The Company focuses on designing and producing vacuum valves for semiconductor, display and solar panel manufacturing, as well as for a range of industry and research applications. Its activities are divided into three business areas: Valves, Global Services and Industry. The Valves division provides isolation, control and transfer valves used in vacuum-based manufacturing processes. The Global Services area offers advisory and after sales services, such as trainings, equipment repair and overhaul, valve upgrade and spare parts sale. The Industry segment manufactures and markets welded bellows, machine parts, mechanical components and assemblies. The Company operates worldwide.