VAT Group AG Reports Q3 2024 Results

VAT Group AG published its third-quarter results for 2024, showing a significant 58% rise in orders year-on-year to CHF 259 million, despite flat sales of CHF 209 million compared to Q3 2023. The company attributed the sales shortfall to technical issues during the new ERP system implementation. This shortfall, amounting to approximately CHF 22 million, is expected to be recovered in the fourth quarter.

In the semiconductor sector, the demand remains robust, with VAT managing to maintain strong customer engagement and a book-to-bill ratio of 1.2x. VAT is optimistic about future market conditions, anticipating growth in 2025 driven by technological advancements in logic and increased capacity requirements in semiconductor fabs.

The Global Service segment also witnessed a rebound, with orders increasing by 45% year-on-year. However, quarter-on-quarter orders decreased by 18%, attributed to pre-orders before the ERP implementation. VAT anticipates sales between CHF 270 and 300 million for Q4 as it recovers the lost sales from Q3.