INFICON Holding AG: Strong Demand and Segment Growth Justify Buy Rating Despite Revenue Miss

Analyst Martin Comtesse from Jefferies maintained a Buy rating on INFICON Holding AG (IFCN – Research Report) and keeping the price target at CHF1,350.00.

Martin Comtesse has given his Buy rating due to a combination of factors including INFICON Holding AG’s resilient profitability and positive order trends. Despite a slight miss on revenues, the company’s EBIT aligned with consensus expectations, and sales grew by 4.7% year-over-year when excluding foreign exchange impacts. This growth was supported by a favorable book-to-bill ratio exceeding one, indicating strong demand.
Additionally, the Semi and vacuum coating segment performed better than anticipated, with sales increasing by 18% year-over-year, surpassing expectations. Although macroeconomic uncertainties and rising tariffs pose challenges, the company’s general vacuum segment is showing signs of recovery, with sales improving compared to the previous quarter. These factors contribute to the optimistic outlook and justify the Buy rating, despite potential short-term impacts on profitability.

In another report released on April 17, UBS also maintained a Buy rating on the stock with a CHF130.00 price target.