VAT Group AG (19V.F,VACN.SW) reported first quarter sales of 221 million Swiss francs, down 20% year on year, or down 9% on a constant currency basis. Order intake was 356 million francs, up 47% year on year, or was up 67% on a constant currency basis.
VAT confirmed the positive outlook provided at the full-year announcement in early March. VAT expects full-year 2026 orders, sales, EBITDA, EBITDA margin, net income, and free cash flow to be higher than in 2025. For the second quarter, VAT expects sales of 265 - 295 million francs.
Shares of VAT are trading at 566.40 francs, up 2.6%.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.