VAT Group AG : Q3 2024 sales and orders below expectations beyond ERP-related concerns, pointing to a slower-than-expected recovery
>Q3 2024 sales and orders below expectations beyond ERP-related concerns - This morning, VAT reported Q3 2024 sales and order intake below expectations. Q3 sales were CHF 209m, flat y-o-y and down 17% q-o-q. As previously communicated (8/10), Q3 was impacted by technical issues (order loading/issuance of shipping documents) linked to the implementation of the new ERP (Enterprise Resource Planning) in Switzerland that started in August 2024. Still, excluding the impact...VAT Group AG is a Switzerland-based company engaged in the manufacture of industrial valves. The Company focuses on designing and producing vacuum valves for semiconductor, display and solar panel manufacturing, as well as for a range of industry and research applications. Its activities are divided into three business areas: Valves, Global Services and Industry. The Valves division provides isolation, control and transfer valves used in vacuum-based manufacturing processes. The Global Services area offers advisory and after sales services, such as trainings, equipment repair and overhaul, valve upgrade and spare parts sale. The Industry segment manufactures and markets welded bellows, machine parts, mechanical components and assemblies. The Company operates worldwide.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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