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VAT Group AG (VACN.S)

VACN.S on Swiss Exchange

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Latest Key Developments (Source: Significant Developments)

VAT Group Says COO Juergen Krebs Decided To Leave
Wednesday, 17 Jul 2019 01:09am EDT 

July 17 (Reuters) - VAT Group AG ::CHANGE IN GROUP EXECUTIVE COMMITTEE OF VAT.JÜRGEN KREBS, CHIEF OPERATING OFFICER (COO) OTO LEAVE ORGANIZATION EFFECTIVE JANUARY 31, 2020.EFFECTIVE IMMEDIATELY AND UNTIL SUCCESSOR APPOINTED, MIKE ALLISON, CEO TO LEAD OPERATIONAL ACTIVITIES OF VAT.  Full Article

VAT Group Q1 Net Sales Down 35 Pct
Tuesday, 16 Apr 2019 01:07am EDT 

April 16 (Reuters) - VAT GROUP AG ::OUTLOOK 2019 CONFIRMED.ORDER INTAKE IN Q1 OF 2019 WAS CHF 128 MILLION.EXPECTS NET SALES OF CHF 125 - 135 MILLION IN Q2.Q1 NET SALES DECREASE 35% YEAR-OVER-YEAR, DOWN 14% VERSUS Q4 2018.Q1 VALVES SEGMENT REPORTED A YEAR-OVER-YEAR NET SALES DECLINE IN Q1 OF 41% TO CHF 96 MILLION.Q1 NET SALES IN GLOBAL SERVICE WERE FLAT AT CHF 27 MILLION.Q1 NET SALES IN INDUSTRY SEGMENT WERE DOWN 38% TO CHF 5 MILLION.  Full Article

VAT Group Continues Short Time Work For Production Employees In Haag
Friday, 29 Mar 2019 02:12am EDT 

March 29 (Reuters) - VAT Group AG ::CONTINUES SHORT TIME WORK FOR ITS PRODUCTION EMPLOYEES IN HAAG.IS LOOKING TO STOP SHORT TIME WORK AS SOON AS POSSIBLE, ONCE MARKET CONDITIONS ALLOW.PERSISTENT SOFT MARKET CONDITIONS AND LIMITED VISIBILITY ABOUT FUTURE DEVELOPMENT, ESPECIALLY IN SEMICONDUCTOR EQUIPMENT.CURRENT SHORT TIME WORK SCHEME FOR ABOUT 400 PRODUCTION EMPLOYEES AT VAT VAKUUMVENTILE AG FOR ANOTHER THREE MONTHS.  Full Article

VAT Group Sees Net Sales Of CHF 120-130 Mln For Q1/2019
Friday, 8 Mar 2019 01:33am EST 

March 8 (Reuters) - VAT Group AG ::FY NET SALES UP 1% TO CHF 698 MLN ON FURTHER MARKET SHARE GAINS; ORDER INTAKE 12% LOWER TO CHF 648 MILLION.FY EBITDA REACHES CHF 215 MILLION; EBITDA MARGIN AT 30.8% ON SUCCESSFUL COST MEASURES.FY NET INCOME UP 17% TO CHF 136 MILLION.DIVIDEND PROPOSAL OF CHF 4.00 PER SHARE.OUTLOOK 2019: CAPEX OF CHF 30-35 MILLION; FREE CASH FLOW EXPECTED TO BE ABOVE 2018 LEVEL.GUIDANCE FOR Q1 2019: VAT EXPECTS NET SALES OF CHF 120-130 MILLION.  Full Article

VAT Group Q3 Net Sales At CHF 163 Mln
Thursday, 25 Oct 2018 02:22am EDT 

Oct 25(Reuters) - VAT GROUP ::Q3 GROUP NET SALES AMOUNTED TO CHF 163 MILLION, A DECREASE OF 3%.Q3 ORDER BACKLOG WAS CHF 128 MILLION, DOWN ABOUT 19% COMPARED WITH THE END OF JUNE 2018.NINE MONTHS ORDER INTAKE DOWN 7% YEAR-ON-YEAR, NET SALES INCREASE 11%.NOW EXPECTS TO REACH AT LEAST PRIOR YEAR’S NET SALES AT CONSTANT FOREIGN EXCHANGE RATES.FORESEES THE FULL-YEAR EBITDA MARGIN TO BE MAINTAINED AT AROUND LAST YEAR’S LEVEL.  Full Article

VAT Group To Shorten Hours For 400 Production Workers In Haag
Wednesday, 10 Oct 2018 01:00am EDT 

Oct 10 (Reuters) - VAT Group AG ::ANNOUNCES SHORT TIME WORK FOR ITS PRODUCTION EMPLOYEES IN HAAG.WILL INTRODUCE A SHORT TIME WORK SCHEME FOR ABOUT 400 PRODUCTION EMPLOYEES AT VAT VAKUUMVENTILE AG.MOVE REFLECTS THE PREVIOUSLY-ANNOUNCED SOFTENING OF CERTAIN MARKETS, ESPECIALLY IN SEMICONDUCTOR EQUIPMENT.SHORT-TIME WORK PROGRAM TO BEGIN ON OCTOBER 15, 2018 AND WILL BE LIMITED IN AN INITIAL PHASE UNTIL DECEMBER 31, 2018.  Full Article

VAT Group To Release H1 Results On August 2
Wednesday, 4 Jul 2018 11:39am EDT 

July 4 (Reuters) - VAT Group AG ::WILL NOW RELEASE ITS HALF YEAR 2018 RESULTS ON AUGUST 2, 2018 INSTEAD OF AUGUST 24, 2018.  Full Article

VAT Group FY Net Income Up At CHF 116 Million
Monday, 12 Mar 2018 02:19am EDT 

March 12 (Reuters) - VAT GROUP AG ::FY SALES INCREASE BY 36% TO CHF 692 MILLION.FY ADJUSTED EBITDA OF CHF 215 MILLION, ADJUSTED EBITDA MARGIN OF 31.1%.PROPOSED DIVIDEND OF CHF 4.00 PER SHARE.SEES FY 2018 SALES GROWTH OF 15% TO 20% EXPECTED AT CONSTANT EXCHANGE RATES.FY NET INCOME UP AT CHF 116 MILLIONEN.EBITDA MARGIN IS HEADING TOWARDS THE TARGET OF 33% BY 2020.SEES FY 2018 SIGNIFICANT INCREASE IN NET INCOME AND EARNINGS PER SHARE (EPS).  Full Article

VAT Group: Partners Group funds no longer to hold any VAT shares
Monday, 15 Jan 2018 01:11am EST 

Jan 15 (Reuters) - VAT GROUP AG ::FUNDS MANAGED AND/OR ADVISED BY PARTNERS GROUP HAVE SOLD THEIR ENTIRE POSITION IN VAT SHARES.UPON SETTLEMENT OF TRANSACTION, PARTNERS GROUP FUNDS WILL NO LONGER HOLD ANY VAT SHARES.  Full Article

VAT Group: Partners Group places 2.8 million VAT shares
Thursday, 26 Oct 2017 01:21am EDT 

Oct 26 (Reuters) - VAT GROUP AG ::‍MEDIA RELEASE ON BLOCK SALE OF VAT SHARES BY PARTNERS GROUP​.VAT GROUP - ‍FUNDS MANAGED AND/OR ADVISED BY PARTNERS GROUP PLACED 2.8 MILLION VAT SHARES (APPROX. 9.33% OF CAPITAL) AT CHF 127PER SHARE.‍FUNDS MANAGED AND/OR ADVISED BY PARTNERS GROUP WILL CONTINUE TO HOLD APPROX 3.74% OF VAT SHARE CAPITAL​.  Full Article

Switzerland's VAT keeps limits on work hours, citing gloomy chip market

ZURICH, March 29 Swiss vacuum valve maker VAT Group on Friday said it is prolonging shorter working hours for 400 production employees for another three months through June 30, citing persistent soft market conditions particularly in semiconductor equipment.