VAT press release on preliminary data for the second quarter and first half of 2022 (German)

VAT group ^

VAT Group AG / Keywords: Preliminary result

Press release in the media about VAT on preliminary data for the second quarter and the first half of 2022.

07/13/2022 / 07:01 CET / CEST

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Publication of an ad hoc advertisement in accordance with Art. 53 LR

The issuer / publisher is responsible for the content of the application.

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VAT continues to grow strongly; Record results of half-year sales, EBITDA,

EBITDA margin and free cash flow; Expectations for the whole year remain


According to preliminary data, the VAT results are second to none

The quarter and the first half of 2022 significantly above the corresponding periods of the previous year,

which confirms the positive forecasts from the beginning of the year. The better one

Productivity is the result of consistently high demand at first

six months and a strong VAT transaction. Investments

in the semiconductor industry has held a record high since

continuous technological progress and investment in chip shortages

in additional opportunities for both leading and elders

platforms require. This, in turn, also applies to the Global division

VAT service which, like the Semiconductor business unit,

recorded record sales. Moreover, the division continued

Advanced Industrials continued its growth trend thanks to strategic initiatives

successfully implemented in several key areas. this

The Display business unit showed expected less order acceptance

compared to the same period last year, while sales are due to implementation

orders received in 2021 increased.

Results for the second quarter of 2022

VAT reported the initial order acceptance in the amount of

approx. CHF 354 million, 40% more than in the same period last year and 20% more than in

first quarter 2022 Sales were approximately CHF 286 million, which is

Growth by 28% y / y and 9% q / q

is equal. Development of exchange rates, especially the US dollar

against the Swiss franc, had a positive effect on it

Sales increased by approximately one percentage point in the second quarter of 2022. VAT does

successfully coped with the current challenges in the supply chain and

was able to meet customer demand for the entire quarter. This

the initial accounting-to-account ratio of 1.24 for the second quarter is a

a strong indicator that the increase in VAT

stands on a sound foundation. At the end of June

The order backlog was up to around CHF 559 million and was therefore approximately 15% higher than on the day

end of the first quarter of 2022.

Results for the first half of 2022

Initial acceptance of orders for the first half of 2022 was

approximately CHF 648 million, 31% more than in the previous year. Sales increased in comparison

by 32% compared to the previous year to CHF 549 million. Preliminary data indicate that

that VAT achieved an EBITDA margin of around 35% in the first half of the year, co

an increase of more than one percentage point over the adjusted one

corresponds to the value of the first half of 2021. This hefty performance resists

for a higher volume of sales and the associated better operability

leverage and continuous significant operational improvements to VAT,

easing inflation in the cost of raw materials, logistics and wages. Despite

higher working capital to support further growth during the year

In 2022, initial free cash flow achieved in the first half of the year

Record level, which was much higher than in the previous year.

The continuing strong procurement situation in the first six months shows:

a solid business environment for the remainder of 2022. Despite the high

VAT expects industry-wide capacity utilization in the second year

In mid-2022, sales increased compared to the first six months. AND

more detailed information on VAT expectations for the rest of the year

2022 and the first sustainability review will be published with publication

detailed results for the second quarter and the first half of the year

2022 filed August 4, 2022.

VAT group (all preliminary and unaudited data)

in million CHF Q2 Q1 change Q2 change HY HY change

2022 2022 d.1 2021 d.2 2022 2021 d.2

Orders received 354 294.2 + 20% 253.5 + 40% 648 494.2 + 31%


Net sales 286 263.0 + 9% 224.2 + 28% 549 416.4 + 32%

Order 559 487.0 + 15% 218.3 + 156%


1st quarter on quarter; 2nd year on year

For more information, please visit:

VAT Group Ltd

Communication and investor relations

Michel R. Gerber

T +41 81 772 42 55

[email protected]

Financial calendar 2022

Thursday, August 4, 2022 Semi-annual results 2022

Thursday October 13, 2022 Q3 2022 – Trading update

Friday, December 2, 2022 2nd VAT Capital Markets Day, Zurich

About VAT

VAT is the world’s leading developer, manufacturer and supplier

High-end vacuum valves. VAT vacuum valves are of vital importance

Components for advanced production processes for innovative products

everyday life such as portable devices, flat screens or

solar panels. VAT is broken down into two different reporting segments:

Valves and Global Service, supplying high quality vacuum valves,

Multi-valve modules, edge-welded and associated bellows

Provision of value added services for various vacuum applications. VAT

The group is a global player with more than 2,500 employees and

Main production plants in Haag (Switzerland), Penang (Malaysia) and Arad

(Romania). Net sales in fiscal 2021 were CHF 901



Forward-looking statements set out in this document are expressed in their entirety

limited as there are certain factors that can trigger

the results are significantly different than expected. Everything

statements made in this document that are not historical facts

(including statements containing the words “believe”, “plan”,

“Anticipate”, “expect”, “estimate” and similar expressions)

should be regarded as forward-looking statements.

Forward-looking statements by their nature include known and unknown

Risks, uncertainties and unforeseen circumstances related to events

relate to and depend on circumstances that may or may arise in the future

can not occur and can cause real

the company’s results, results or achievements to a significant degree

differ from those contained in such forward-looking statements

be expressed or implied. Many of these risks and uncertainties

are related to factors beyond the possibilities

It is up to the company whether to control them or assess exactly how

e.g. future market conditions, currency fluctuations, behavior

other market participants, efficiency, safety and

Reliability of the company’s IT systems,

political, economic and regulatory changes in countries,

in which the company operates, whether economic or technological

trends or conditions. As a result, investors are warned not to

over-reliance on such forward-looking statements.

Unless otherwise required by law, VAT waives any intention or purpose

Obligation to update forward-looking statements based on developments,

occurring after the date of this report.

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End of ad hoc announcement

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Company: VAT Group AG

Seelistraße 1

9469 The Hague


Telephone: +41 81 771 61 61

Fax: +41 81 771 48 30

E-mail: [email protected]


ISIN: CH0311864901

Exchanges: SIX Swiss Exchange

EQS message ID: 1396737

End of news EQS news service

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1396737 07/13/2022 CET / CEST


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