3月 25, 2026
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VAT Share Price
VAT Shares
Since 14 April 2016 the VAT Group AG is listed on the SIX Swiss Exchange.
| Listing | SIX Swiss Exchange (International Reporting Standard) |
| Ticker symbol | VACN |
| Swiss security number | 31 186 490 |
| ISIN | CH 031 186490 1 |
| Share capital | CHF 3'000'000 divided into 30’000'000 registered shares with a nominal value of CHF 0,10 each |
Dividend Policy and History
VAT Group AG is committed to an attractive dividend policy that reflects the company’s strong free cash flow generation and solid balance sheet. In line with this policy, VAT Group intends to distribute to its shareholders up to 100% of free cash flow to equity (FCFE).
Since its listing in April 2016, VAT has always paid a dividend to its shareholders, starting in 2017 for the business year 2016.
Fiscal year |
Payment date |
Dividend per share paid from accumulated gains |
Dividend per share paid from capital contribution reserves |
|---|---|---|---|
| 2023 | May 21, 2024 | CHF 6.25 | – |
| 2022 | May 23, 2023 | CHF 6.25 | – |
| 2021 | May 23, 2022 | CHF 5.25 | CHF 0.25 |
|
2020 |
May 25, 2021 |
CHF 2.25 |
CHF 2.25 |
|
2019 |
May 20, 2020 |
CHF 2.00 |
CHF 2.00 |
|
2018 |
May 22, 2019 |
– |
CHF 4.00 |
|
2017 |
May 24, 2018 |
– |
CHF 4.00 |
|
2016 |
May 23, 2017 |
– |
CHF 4.00 |
Major Shareholders
On December 31, 2022 the VAT Group AG had about 20’000 registered shareholders. The free float according to SIX Swiss Exchange amounts to approx. 90%.
A complete list of disclosures of shareholdings can be found on the website of SIX Swiss Exchange: SIX Swiss Exchange. To display the information, please fill in VAT Group AG in the search field ‘Company’.
VAT Debt Structure
VAT Group AG maintains a syndicated revolving loan facility of CHF 250.0 million, maturing on December 21, 2027, which includes an uncommitted extension option of two times one year. The outstanding loan as of December 31, 2025, amounts to CHF 0.0 million (prior year: CHF 30.0 million). The movement of the outstanding loan in the financial year 2025 was driven by the raising of CHF 195 million (prior year: CHF 140 million) and the repayment of CHF 225.0 million (prior year: CHF 110 million).
Additionally, as of December 31, 2025, VAT Group AG maintains a syndicated term loan facility of CHF 200.0 million, maturing on May 30, 2026. The outstanding loan as of December 31, 2025 and 2024 amounts to CHF 200.0 million. There was no movement in the outstanding loan in the 2025 and 2024 financial years. The term loan was prematurely repaid on January 22, 2026, in the course of entering an incremental facility agreement in the amount of CHF 125.0 million. The incremental facility agreement is subject to the same conditions as the revolving loan facility agreement mentioned above, except for the margins charged by the bank syndicate.
The facilities are subject to the financial covenant “total net debt/EBITDA” ratio, which is tested semi-annually and with which the Group complied with for the financial year 2025 and 2024.
The carrying amount as of December 31, 2025, includes financing costs of CHF 0.4 million (prior year: CHF 0.7 million), which will be recognized in profit and loss over the remaining duration of the facilities.
Loans and borrowings
The terms and conditions of outstanding loans are as follows:
|
As of December 31, 2025 |
Currency |
Nominal interest rate1 |
Year of maturity |
Carrying amount |
|---|---|---|---|---|
| Revolving loan facility |
CHF |
SARON + 0.85% |
2027 |
0 |
| Term loan facility |
CHF |
SARON + 0.90% | 2026 |
199,600 |
| Lease liability |
|
|
|
48,682 |
| Total loans and borrowings |
|
|
|
248,282 |
| Thereof: |
|
|
|
|
| Current |
|
|
|
203,626 |
| Non-current |
|
|
|
44,656 |
1 Margin applicable at year end.
Credit Rating
Rating Agency |
Date of rating |
Long term rating |
Outlook |
|---|---|---|---|
| Moody's |
May 14, 2024 |
Ba1 |
stable |
| Standard & Poors |
May 25, 2021 |
BB+ |
stable |