INFICON Holding AG Revises Sales Guidance for the Year 2023
July 27, 2023 at 01:01 am EDT
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INFICON Holding AG revised sales guidance for the year 2023. Despite all economic, operational and political uncertainties and the weakening in selected submarkets, INFICON is
mostly optimistic about the future development due to its broad positioning and good order situation. INFICON expects for the full year 2023 sales of USD 610 million - USD 640 million (previously USD 570 million - USD 610 million) and an operating profit margin of around 19%.
INFICON Holding AG (INFICON) provides instruments for gas analysis, measurement and control. These analysis, measurement and control products are applicable in gas leak detection in air conditioning, refrigeration, and automotive manufacturing. The Company's products are also applicable in fabrication of semiconductors and thin film coatings for optics, flat panel displays, solar cells, light-emitting diode (LED) lighting, and industrial vacuum coating applications. Other users of vacuum-based processes include the life sciences, research, aerospace, food and general packaging, heat treatment, laser cutting, oil and gas transportation and processing, alternative energy, utilities, and other industrial processes. The Company provides toxic chemical analysis products for emergency response, security, and environmental monitoring, as well as instruments for energy and petrochemical applications.