March 3, 2020 / 6:18 AM / a month ago

BRIEF-VAT Group FY EBITDA Down By 28% At CHF 154 Mln

March 3 (Reuters) - VAT Group AG:

* FY NET SALES DOWN 18% TO CHF 570 MILLION

* 2020 GROUP NET SALES, EBITDA, EBITDA MARGIN AND NET INCOME EXPECTED TO GROW VERSUS 2019

* MID-TERM EBITDA MARGIN TARGET OF 33% CONFIRMED

* 2020 CAPEX EXPECTED TO BE AROUND CHF 30 MILLION

* VISIBILITY IS LIMITED, PARTLY DUE TO UNCERTAINTY REGARDING IMPACT OF CORONAVIRUS ON GLOBAL SUPPLY CHAINS

* PROPOSES UNCHANGED DIVIDEND OF CHF 4.00 PER SHARE

* EBITDA FOR YEAR DECLINED BY 28% TO CHF 154 MILLION Source text - bit.ly/2wXOrU6 Further company coverage: (Gdansk Newsroom)

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