VAT achieved record EBITDA, EBITDA margin and free cash flow in 2020 and is well positioned for further profitable growth based on technology leadership and operational excellence.
VAT is the leading supplier of high-vacuum valves and related equipment used to manufacture semiconductors, displays, solar cells and many other digital devices. The company reported strong results in 2020 despite the uncertainties of the global coronavirus pandemic. This achievement reflects the continued recovery in the semiconductor market, a commitment to technology innovation, improved operational performance, and the engagement of VAT’s employees in a challenging business environment. The company expects continued profitable growth, driven by long-term trends such as artificial intelligence, the Internet of Things, Big Data and the global rollout of 5G telecommunications networks.