VAT Group AG : Q3 revenue to fall below guidance of CHF 235-255m due to the CHF 20-25m revenue impact from ERP issues, missed sales expected to be booked in Q4
>Q3 2024 sales figures to fall short of Q3 guidance of CHF 235-255m due to technical issues from the new ERP solution (impact of CHF 20-25m) - This morning, VAT said that it expects its Q3 2024 sales figures to fall short of the low point of Q3 guidance of CHF 235 to 255m due to technical issues from the new ERP (enterprise resource planning) solution implementation in Switzerland that started in August 2024. VAT estimates this a one-off negative impact in Q3 to be in...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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