April 16, 2019 / 5:12 AM / 2 months ago

BRIEF-VAT Group Q1 Net Sales Down 35 Pct

April 16 (Reuters) - VAT GROUP AG:

* ORDER INTAKE IN Q1 OF 2019 WAS CHF 128 MILLION

* EXPECTS NET SALES OF CHF 125 - 135 MILLION IN Q2

* Q1 NET SALES DECREASE 35% YEAR-OVER-YEAR, DOWN 14% VERSUS Q4 2018

* Q1 VALVES SEGMENT REPORTED A YEAR-OVER-YEAR NET SALES DECLINE IN Q1 OF 41% TO CHF 96 MILLION

* Q1 NET SALES IN GLOBAL SERVICE WERE FLAT AT CHF 27 MILLION

* Q1 NET SALES IN INDUSTRY SEGMENT WERE DOWN 38% TO CHF 5 MILLION Source text - bit.ly/2IzjUjp Further company coverage: (Gdynia Newsroom)

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