Start
2021
The year in brief
VAT achieves record 2021 results driven by strong market, improved business execution and further market share gains.
Quote of the Year 2021
“Technology and our markets are moving fast, but VAT will move faster.”
Net sales
Net sales
in CHF million
901.2
2020: 692.4
Net sales development
Net sales development
in CHF million
EBITDA
EBITDA
in CHF million
307.9
2020: 210.5
EBITDA margin
in %
34.2
2020: 30.4
Net sales by segment/region
Net sales by segment
in %
Net sales by region
in %
Free cashflow and dividend
Free cash flow
in CHF million
195.7
2020: 147.0
Dividend per share*
in CHF
5.50
2020: 4.50
* 2021 dividend proposal of the VAT Board of Directors to its
shareholders at the AGM on May 17, 2022; CHF 5.25 per share
to be paid from accumulated gains, CHF 0.25 to be paid from
reserves from capital contributions
Outlook 2022
VAT expects the trend of accelerated investments in semiconductor manufacturing equipment to continue in 2022. Demand growth is also expected in displays, solar photovoltaic and several industrial end markets of VAT. Therefore, VAT expects higher net sales*, EBITDA, EBITDA margin, net income and free cash flow in 2022 compared with 2021.
* At constant foreign exchange rates