The year in brief
2025
VAT builds on 60 years of vacuum technology expertise. Over this time, we have grown to be the undisputed market and technology leader. In the coming years, VAT will harness this position through unmatched customer intimacy, unrelenting passion for innovation and quality, and a global production footprint that has VAT always just a phone call away. Thanks to close collaboration with our customers and suppliers, and the dedication of our global workforce, we will help the semiconductor and advanced industrial industries to reach the next levels of performance.
Quote of the year 2025
VAT’s leadership and success is less about rules, policies, and hierarchies, and more about trust, behaviors, role modeling, teamwork, and an unwavering entrepreneurial and winning spirit.
Net salesin CHF million
2024: 942
Net sales developmentin CHF million
EBITDAin CHF million
2024: 294
EBITDA marginin %
2024: 31.2
Net salesby segment in %
Net salesby region in %
Free cash flowin CHF million
2024: 183
Dividend per share*in CHF
2024: 6.25
* 2025 dividend proposal of the VAT Board of Directors to its shareholders at the AGM on April 28, 2026; CHF 7.00 per share to be paid from accumulated gains.
Outlook 2026
AI related data center capex set to nearly double to about USD 740 billion, leading to acceleration in capacity build-out for leading-edge manufacturing, increasing demand for VAT products. As a result, VAT expects full-year 2026 orders, sales, EBITDA, EBITDA margin, net income, and free cash flow to be higher than in 2025.
Growth strategy – Success factors
VAT’s growth strategy will build on the successful growth initiatives of the past while adding additional layers of opportunities to the existing scope of business. The following infographics illustrate the success factors, now and going forward.
Market growth
Global digitalization trends are fueling demand for semi conductors. AI-related applications have increased the speed of expected growth, with over USD 1 trillion in sales now expected by 2027.
Key semiconductor growth drivers
Development of technology
Technology roadmap continues and is entering an era of rapid expansion with increasing complexity, requiring more vacuum and cutting-edge processes.
VAT helps its customers on their node reduction journey.
Benefit from exposure
VAT solutions enable technology breakthroughs, drive yield improvements, and reduce complexity.
VAT’s position in the semiconductor supply chain
Market leadership
With over 70% market share, VAT is the undisputed market and technology leader and an integral part of the semi vacuum supply chain.