Vacuum valve manufacturer VAT continues to grow – look

Driven by a high order backlog, the eastern Swiss generated sales of CHF 229.4 million from July to September, which is 2.3 percent more than in the previous year. Incoming orders climbed by as much as 17.8 percent to 298.7 million, according to a communiqué on Friday. Analysts had expected a much lower order intake.

The so-called “book-to-bill ratio” stood at 1.3 at the end of September. This means that for every franc turned in, new orders worth 1.3 francs came in. VAT now has an order backlog of CHF 284 million.

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