VAT reports stable full-year 2018 results thanks to flexible business model
VAT Group reported stable results in 2018 despite a softening business environment in the second half of the year. Net sales grew significantly in the first six months, reflecting the strong market demand and customer capacity increases. Orders and sales moderated in the second half as some customers, mainly in the semiconductor-related business, postponed further capacity expansion plans. Nevertheless, VAT could build on its leading technology and market position to expand market share from 46% to 49% and report slightly higher revenues, leading to another record for net sales. At the same time, the company’s ability to quickly adjust capacity across its global footprint also allowed it to maintain profitability at the same level as 2017.