VAT Group AG Reports Strong Half-Year 2025 Results Amid Global Uncertainties

In the first half of 2025, VAT Group AG demonstrated resilience with notable financial metrics. Orders increased by 3% quarter-on-quarter but remain below 1x book-to-bill. Sales rose to CHF 283 million, surpassing guidance despite challenges in foreign exchange. The EBITDA margin stood firm at 29.6%, reflecting a 22% growth, and free cash flow exhibited a significant improvement to CHF 51 million, almost doubling year-on-year.

The company achieved substantial growth in Global Service, benefiting from a 23% enhancement, counterbalancing sluggishness in Advanced Industrials. VAT retained cautious optimism for 2025, driven primarily by semiconductor sector advancements and expected increased demand from technological transitions and Chinese OEMs.

Looking forward, VAT forecasts an upward trajectory in orders, sales, and net income for the year, buoyed by strategic positioning in emerging semiconductor manufacturing technologies. Yet, the book-to-bill ratio and a slight dip in order backlog reflect ongoing global economic ambiguities.