Start
2022
The year in brief
VAT again delivers record results in 2022 on strong demand, market leadership and operational flexibility.
Quote of the Year 2022
“I’m very encouraged by our ability to stay ahead of the curve in our fast-changing market.”
Net sales
Net sales
in CHF million
1,145
2021: 901
Net sales development
Net sales development
in CHF million
EBITDA
EBITDA
in CHF million
400
2021: 308
EBITDA margin
in %
35.0
2021: 34.2
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
228
2021: 196
Dividend per share*
in CHF
6.25
2021: 5.50
* 2022 dividend proposal of the VAT Board of Directors to its
shareholders at the AGM on May 16, 2023; CHF 6.25 per share
to be paid from accumulated gains.
Outlook 2023
VAT expects semiconductor equipment investments to ease in 2023 on increased inflation risks and other short-term macroeconomic factors, before recovering in 2024.
VAT expects 2023 full-year sales* and EBITDA to be below the records set in 2022, and EBITDA margin in the target range of 32–37%. Net income and free cash flow are also expected to be lower.
* At constant foreign exchange rates