Ad-hoc | 20 May 2025 06:30
VAT, the world’s leading manufacturer of high-end vacuum valves, solutions, and services, today updated its strategic priorities and financial targets for the period 2025 to 2029. The company continues to forecast an attractive growth environment, driven by the need for increasingly sophisticated semiconductors to drive digitalization, and benefiting from other megatrends such as renewable energy.
Strategic priorities for profitable growth for 2025 to 2029:
“VAT remains the undisputed global leader in vacuum valves, and we have further strengthened VAT’s market and technology position since VAT’s last Capital Markets Day in 2022,” said Urs Gantner, VAT Group’s CEO. “We remain at the center of long-term semiconductor market expansion. VAT has further strengthened its technology and market share advantage, and our significant efforts in operational excellence pay off.”
“We still witness short-term market challenges but there is no doubt that the global semiconductor market is on track to reach over USD 1 trillion by 2030 with additional upside depending on the speed of AI proliferation in our daily lives.” Gantner continued. “As previously stated, we have seen less pronounced cyclical swings in the past few years and WFE spend has reached a sound record-high plateau of around USD 100 billion per annum. This level is estimated to grow to USD 150 billion by 2029, representing a compound annual growth rate (CAGR) of 8%. With its strong focus on leading-edge technologies, VAT is strongly positioned to outgrow this market growth and expects group sales to grow in the low to mid-teens for 2025 to 2029.”
Leader in a growing industry
VAT’s high-end vacuum valves, solutions, and services are mission-critical in the manufacture of semiconductors and therefore a key enabler of further global digitalization trends. In addition, vacuum-based production processes are gaining additional importance in many high-end industrial applications and energy conversion, driving growth in our Advanced industrials business.
These trends all play to VAT’s technology and market strengths. We are currently seeing technological progress in semiconductors of 2nm and below as well as new gate all around (GAA) architectures. This drives the need for the cleanest possible manufacturing environments.
VAT is ideally positioned to benefit from its leading position in a growth market combined with its competitive advantages in technology, customer relationships, global footprint and people. “Semiconductors impact the way the world works on a daily basis, most notably in the AI space. But they are also driving advances in everything from computing and communications, to transportation, health care, and clean energy. The rising demand for more computing power at the lowest possible energy consumption level is driving the need for smaller nodes. We’ll continue to play a key role in developing these technologies, thereby further strengthening our position for long-term success and delivering sustainable value for all VAT stakeholders.”
Update of 2027 sales guidance and 2029 financial targets
VAT has updated its 2027 sales target reflecting the lower market and FX levels compared to the original levels assumed in 2022. In addition, VAT has also given additional financial guidance for the five-year period from 2025 to 2029, as follows:
Sales expectations for 2027
Financial targets 2025 to 2029
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Additional information
VAT’s Capital Markets Day can be followed via a live webcast or via phone starting at 1:30 p.m. CEST. The presentation will be available from 12:00 p.m. CEST here . It will be possible to access a playback of the webcast via VAT’s website approximately 24 hours after the webcast has finished.
In case of any difficulties with the webcast, participants may dial one of the following numbers:
+41 58 310 50 00 (CH/Europe)
+44 207 107 06 13 (UK)
+1 631 570 56 13 (USA)
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For further information please contact:
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Christopher Wickli +41 81 553 75 39 |
Financial calendar
| 2025 | |
| Wednesday, July 23 | Half-year 2025 results |
| Thursday, October 16 | Q3 2025 trading update |
ABOUT VAT
We change the world with vacuum solutions – that is our purpose as the world’s leading supplier of high-end vacuum valves. The Group reports in two segments: Valves and Global Service. The Valves segment is a global developer, manufacturer and supplier of vacuum valves for the semiconductor, displays, photovoltaics and vacuum coating industries as well as for the industrial and research sector. Global Service provides local expert support to customers and offers genuine spare parts, repairs and upgrades. VAT reported net sales of CHF 942 million in 2024 and employs some 3,200 people worldwide, with representatives in 29 countries and manufacturing sites in Switzerland, Malaysia, and Romania.
FORWARD-LOOKING STATEMENTS
Forward-looking statements contained herein are qualified in their entirety as there are certain factors that could cause results to differ materially from those anticipated. Any statements contained herein that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should be considered to be forward-looking statements. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results, performance or achievements of the company to be materially different from those expressed or implied by such forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond the company’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the performance, security and reliability of the company’s information technology systems, political, economic and regulatory changes in the countries in which the company operates or in economic or technological trends or conditions. As a result, investors are cautioned not to place undue reliance on such forward-looking statements.
Except as otherwise required by law, VAT disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this report.