Record order intake of CHF 299 million, up 91% year-on-year (up 18% sequentially)
Net sales up 23% vs Q3 2020 to a record CHF 229 million (up 2% sequentially) on continuing strength in Semiconductors, Global Service and Advanced Industrials
Book-to-Bill ratio of 1.3x; order book of CHF 284 million
Nine months 2021 results
Investments in semiconductor manufacturing equipment remain at unprecedented levels; service demand reaches record levels while advanced industrial markets continue strong recovery from pandemic-induced slowdown, with sales supported by new market initiatives
Nine-month orders and sales at record levels of CHF 793 million and CHF 646 million, respectively
Specification wins continue to be at a very high level
Strong mitigation of supply chain challenges and solid factory ramp in Malaysia led to record Group factory output
Guidance for Q4 and outlook for full-year 2021
Semiconductor market outlook remains positive for Q4 and well into 2022
Order activity expected to remain at high level
Q4 net sales1 expected at CHF 240 - 250 million
Full-year net sales1 forecast at CHF 885 - 895 million
Full-year EBITDA margin expected to be above half-year level of 33.9%
Net income substantially above 2020 level
Full-year capital expenditure expected to be around CHF 40 million
Record full-year free cash flow as EBITDA growth more than offsets working capital requirements
VAT Group AG published this content on 15 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2021 05:31:03 UTC.
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.
VAT GROUP AG 
