October 25, 2018 / 6:28 AM / 19 days ago

BRIEF-VAT Group Q3 Net Sales At CHF 163 Mln

Oct 25(Reuters) - VAT GROUP:

* Q3 GROUP NET SALES AMOUNTED TO CHF 163 MILLION, A DECREASE OF 3%

* Q3 ORDER BACKLOG WAS CHF 128 MILLION, DOWN ABOUT 19% COMPARED WITH THE END OF JUNE 2018

* NINE MONTHS ORDER INTAKE DOWN 7% YEAR-ON-YEAR, NET SALES INCREASE 11%

* NOW EXPECTS TO REACH AT LEAST PRIOR YEAR’S NET SALES AT CONSTANT FOREIGN EXCHANGE RATES

* FORESEES THE FULL-YEAR EBITDA MARGIN TO BE MAINTAINED AT AROUND LAST YEAR’S LEVEL

Further company coverage: (Gdynia Newsroom)

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