VAT Group AG Reports Strong Q1 2024 Performance Amid Semiconductor Investment Recovery

VAT Group AG has witnessed a significant upswing in its business activities for Q1 2024, with orders jumping 73% to CHF 236 million compared to Q1 2023. This surge is credited to the improved investments in the global semiconductor industry and robust demand from Chinese clients. Despite a 15% decline in sales compared to the previous year, the company achieved CHF 199 million in sales, placing it at the high end of its initial forecast.

The market outlook appears promising for VAT Group, as it foresees a continued improvement in business conditions through 2024 and into 2025. The company is optimistic about achieving better sales, EBITDA, net income, and free cash flow in 2024. Specifically, the semiconductor sector is expected to see a rebound, especially in memory manufacturing investments, which will also drive demand in the Advanced Industrials and Global Service segments.

For Q2 2024, VAT Group anticipates sales between CHF 235 and 255 million, underscoring the company’s strong position and expected growth in the semiconductor and related industries. Despite the positive trajectory, the company remains cautious about potential market volatilities, including inflation rates, global economic strength, and geopolitical tensions that may impact the pace of recovery.