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BRIEF-VAT Group Q1 net sales up 42% to CHF 165 million

May 17 VAT GROUP AG:

* Q1 ORDER INTAKE UP 35% YEAR-OVER-YEAR, NET SALES INCREASE 42%

* OUTLOOK 2017 CONFIRMED

* VAT'S ORDER INTAKE INCREASED BY 35% IN Q1 TO CHF 182 MILLION COMPARED TO SAME QUARTER IN PREVIOUS YEAR

* Q1 NET SALES GREW TO CHF 165 MILLION, REPRESENTING AN INCREASE OF 42% COMPARED TO Q1 OF 2016

* VAT EXPECTS CAPITAL EXPENDITURES IN 2017 AND 2018 TO BE AROUND 5% OF SALES Source text - bit.ly/2quhjMH Further company coverage: (Gdynia Newsroom)

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