INFICON Reports Steady Growth Amid Challenging Climate

INFICON Holding AG, based in Switzerland, has disclosed a sales increase of 3.1% for the third quarter of 2024, achieving USD 172.2 million. This performance marks the second-highest quarterly sales figure in the company's history. An organic growth of 1.1% over the same period last year contributed to this outcome, with notable increases in the Semi & Vacuum Coating and Security & Energy markets.

The company reported an operating profit rise of 3.7%, up to USD 34.9 million, with a slightly improved margin of 20.3%. Despite some market challenges, INFICON's operating cash flow strengthened to USD 45.9 million. Importantly, the equity ratio experienced a minor improvement, now standing at 64.7%.

While INFICON's trajectory in the Semi & Vacuum Coating market remains strong, its General Vacuum market sales declined significantly, reflecting broader macroeconomic challenges, particularly in Europe. The Refrigeration, Air Conditioning & Automotive sectors also saw reduced sales.