Start
2023
The year in brief
In a challenging market environment, VAT delivers strong results albeit below the record levels of 2022
Quote of the Year 2023
“Striving for breakthrough innovation, customer satisfaction and cost excellence resulted not only in strong 2023 results but also positions us for outperformance in the upcycle.”
Net sales
Net sales
in CHF million
885
2022: 1,145
Net sales development
Net sales development
in CHF million
EBITDA
EBITDA
in CHF million
271
2022: 400
EBITDA margin
in %
30.6
2022: 35.0
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
189
2022: 228
Dividend per share*
in CHF
6.25
2022: 6.25
* 2023 dividend proposal of the VAT Board of Directors to its
shareholders at the AGM on May 14, 2024; CHF 6.25 per share
to be paid from accumulated gains.
Outlook 2024
VAT expects investments in semiconductor manufacturing equipment to gradually improve over the course of 2024.
On this basis, VAT expects full-year sales*, EBITDA, net income and free cash flow in 2024 to be higher compared to 2023.
* At constant foreign exchange rates