Myfxtools
  • Login
  • Expert Advisors
  • Forex Signals
    • Best Forex Signals
  • Forex Brokers
  • Forex Trading
    • Forex Guides
    • Analytical Tools
    • Charting Software
  • Crypto Trading
  • Portfolios
No Result
View All Result
  • Expert Advisors
  • Forex Signals
    • Best Forex Signals
  • Forex Brokers
  • Forex Trading
    • Forex Guides
    • Analytical Tools
    • Charting Software
  • Crypto Trading
  • Portfolios
  • Login
Myfxtools
Home News

VAT Group Profit Decline in 2023

by Myfxtools
March 5, 2024
in News
Share on TwitterShare on Facebook

VAT Group saw a decline in profit and earnings for the year 2023, as the semiconductor industry continues to present challenging conditions.

Share Performance

Shares of the Switzerland-based valve manufacturer dropped by 2.55% to CHF443.60 as of 1219 GMT on Tuesday, marking a 54% increase from the previous year.

Financial Results

The company reported a 38% decrease in full-year net profit, amounting to 190.3 million Swiss francs ($215 million). Earnings before interest, taxes, depreciation, and amortization also fell by 32% to CHF270.9 million, resulting in a margin decline of 4.4 percentage points to 30.6%.

Confirmation of Figures

VAT Group confirmed its preliminary order intake of CHF691.9 million and sales figures of CHF885.3 million, which were previously published in January.

Analyst Expectations

Analysts had anticipated net profit to be at CHF181.6 million, Ebitda at CHF269.9 million, and revenue at CHF882.7 million, according to a consensus compiled by Visible Alpha.

Outlook for 2024

Looking ahead to 2024, VAT Group anticipates improved market conditions that will translate into better results. Investments in semiconductor manufacturing equipment are expected to bounce back from the low levels observed in the previous year. Furthermore, growth is anticipated in the advanced industrials sector, and the service business is poised to benefit from increased capacity utilizations at chip-making facilities.

First Quarter Projections

For the first quarter of the year, the company foresees sales ranging between CHF185 million and CHF205 million.

forex ea chart
Would you like to try out trading with an Expert Advisor?
Check Out Best Forex EAs Here
Tags: financial resultsmarket conditionsprofit declinesemiconductor industryVAT Group
Previous Post

Toronto-Listed Stocks Update

Next Post

Princess Kate’s Return to Public Eye

Next Post

Princess Kate's Return to Public Eye

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

− 1 = 2

Recent Posts

  • Economic Calendar for the Week of June 29th
  • NZD/USD Strengthens as Fed Independence Questioned
  • USD/CNH Seen Ranging Narrowly With Downside Bias Building
  • Euro Climbs as Trump Fed Remarks Boost Rate-Cut Bets
  • Euro Poised for Higher Range on Strong Momentum
  • About Us
  • Contact Us
  • Privacy Policy
  • Risk Disclosure
Myfxtools turns raw trade logs into verified dashboards and AI-driven insights - helping traders see, share, and sharpen their edge.

© 2025, Myfxtools. All rights reserved.

AI Strategy Insight is educational and not financial advice.

  • Expert Advisors
  • Forex Signals
    • Best Forex Signals
  • Forex Brokers
  • Forex Trading
    • Forex Guides
    • Analytical Tools
    • Charting Software
  • Crypto Trading
  • Portfolios

© 2025, Myfxtools. All rights reserved.

AI Strategy Insight is educational and not financial advice.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In