{
 "as_of": "2026-11-06",
 "cmr": "ch-cm-kg/SIX/VACN",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# VAT GROUP N (SIX: VACN) — research page\n\nAs of 2026-11-06 · ch-cm-kg · record version 1\n\n## Identity and listing\n\nVAT GROUP N is listed on SIX under the ticker VACN, with ISIN CH0311864901 and LEI 529900MVFK7NVALR7Y83. Its security type is Corporate and its jurisdiction is Switzerland (Zefix-registered corporation). Segment is not on the record. Sector is not on the record, as the SIX feed returns an empty ICB industry for this line. Status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 3 filings in the twelve months to 2026-11-06, on 3 filing days: 1 ad hoc, 1 corporate news and 1 register mutation. The median gap between filing days is 38.0 days. The latest filing is an ad hoc filing dated 2026-07-22, 107 days before the record date. The SIX exchange median is 29.5 days of cadence gap, 0 filings, and 14 days of latency across 607 issuers. Sector peer figures are not on the record for CH.\n\n## Auditor\n\nThe auditor is not on the record. The record carries the annual report link only, as a source link and not a read. Auditor location is not on the record, and auditor changes are not on the record because this register has no lifecycle type map yet.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, as this register has no lifecycle type map yet. The halt flag shows listed, not halted.\n\n## Orderability\n\nThe outcome is ACM-200 for Privatkundinnen und -kunden, professionelle Kunden and institutionelle Kunden, and it is determinable for each. The rule version is acm-68000/ch/finsa-product-duties/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 18 research houses: BNP Paribas Exane, Citi, Deutsche Bank, Goldman Sachs, Jefferies, JP Morgan, Kepler Cheuvreux, Morgan Stanley, Octavian AG, ODDO BHF, Research Partners, UBS, Vontobel, Baader Helvea, Barclays, Berenberg, RBC Capital Markets and Zürcher Kantonalbank.\n\n## Open research\n\nNo openly published research notes were found.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No issuer years are sealed, the market earliest sealed date is not given, and the live record began date is not given.\n\n## Sources\n\n8 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (identity.exchange)\n- https://www.zefix.ch/en/search/entity/list?name=VAT%20GROUP (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.ch-cm-kg.ai/events/SIX/VACN (the disclosure lines)\n- https://www.ser-ag.com/sheldon/official_notices/v2/find.json ; https://www.bxswiss.com/suspensions (the halt flag)\n- https://mcp.ch-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.vatgroup.com/investor-relations/analyst-coverage (coverage)\n- https://mcp.ch-cm-kg.ai/record/SIX/VACN (the record)\n",
 "market": "CH",
 "node": "ch-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the CH vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "CH",
    "reason": "Width 0 records the annual report link only (ORDER-015: source link, not a read)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "CH",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "CH",
    "state": "not_on_record"
   },
   "changes": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "ch-cm-kg/SIX/VACN",
  "coverage": {
   "count": 18,
   "houses": [
    {
     "analyst": "Martin Jungfleisch",
     "house": "BNP Paribas Exane",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.vatgroup.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Daniel Schafei",
     "house": "Citi",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.vatgroup.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "George Brown",
     "house": "Deutsche Bank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.vatgroup.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Daniela Costa",
     "house": "Goldman Sachs",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.vatgroup.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Janardan Menon",
     "house": "Jefferies",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.vatgroup.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Sandeep Deshpande",
     "house": "JP Morgan",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.vatgroup.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Craig Abbott",
     "house": "Kepler Cheuvreux",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.vatgroup.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Nigel van Putten",
     "house": "Morgan Stanley",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.vatgroup.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Laura Bucher",
     "house": "Octavian AG",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.vatgroup.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Martin Marandon-Carlhian",
     "house": "ODDO BHF",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.vatgroup.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Reto Huber",
     "house": "Research Partners",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.vatgroup.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Joern Iffert",
     "house": "UBS",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.vatgroup.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Michael Foeth",
     "house": "Vontobel",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.vatgroup.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Utsav Sinha",
     "house": "Baader Helvea",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.vatgroup.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Timothy Lee",
     "house": "Barclays",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.vatgroup.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Patrick Laager",
     "house": "Berenberg",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.vatgroup.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Sebastian Kuenne",
     "house": "RBC Capital Markets",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.vatgroup.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Michael Inauen",
     "house": "Zürcher Kantonalbank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.vatgroup.com/investor-relations/analyst-coverage",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.vatgroup.com/investor-relations/analyst-coverage",
     "result": "read: 18 of 35 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 607,
     "median_cadence_gap_days": 29.5,
     "median_filings": 0,
     "median_latency_days": 14,
     "name": "SIX"
    },
    "sector": {
     "market": "CH",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "ad_hoc": 1,
    "corporate_news": 1,
    "register_mutation": 1
   },
   "cadence_median_gap_days": 38,
   "filing_days": 3,
   "filings": 3,
   "latency_days": 107,
   "latest": [
    {
     "category": "ad-hoc",
     "date": "2026-07-22",
     "source": "https://www.eqs-news.com/news/ad-hoc/vat-media-release-on-acquisition-of-atonarp/a2c00efe-650d-4a84-a91c-9bfbcea06381_en",
     "title": "VAT Media Release on Acquisition of Atonarp | Ad-hoc - EQS News",
     "type": "ad_hoc"
    },
    {
     "category": "corporate",
     "date": "2026-07-01",
     "source": "https://www.eqs-news.com/news/corporate/dji-agriculture-elevates-precision-farming-with-global-launch-of-agras-t55-and-t100-dual-battery-spraying-system/1f4df254-8b2b-4614-a11e-51a462b5262e_en",
     "title": "DJI Agriculture Elevates Precision Farming with Global Launch of Agras T55 and T100 Dual Battery Spraying System | Corporate - EQS News",
     "type": "corporate_news"
    },
    {
     "category": "HR02",
     "date": "2026-05-07",
     "source": "https://www.shab.ch/#!/search/publications/detail/783b6cf8-578a-4dd6-9ee7-d8b80be35898",
     "title": "HR02 Change VAT Group AG, Sennwald",
     "type": "register_mutation"
    }
   ],
   "latest_filing_date": "2026-07-22",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.ch-cm-kg.ai/events/SIX/VACN",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "SIX Swiss Exchange share explorer feed (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (feed six-group.com/fqs/ref.json, PortalSegment=EQ)",
    "state": "sourced",
    "value": "SIX"
   },
   "isin": {
    "read_by": "SIX Swiss Exchange share explorer feed (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (feed six-group.com/fqs/ref.json, PortalSegment=EQ)",
    "state": "confirmed",
    "value": "CH0311864901"
   },
   "jurisdiction": {
    "read_by": "Zefix federal commercial register index (zefix.ch public web API, name-exact + corporation legal form) (legal form)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.zefix.ch/en/search/entity/list?name=VAT%20GROUP",
    "state": "sourced",
    "value": "Switzerland (Zefix-registered corporation)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN CH0311864901)",
    "state": "sourced",
    "value": "529900MVFK7NVALR7Y83"
   },
   "name": {
    "read_by": "SIX Swiss Exchange share explorer feed (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (feed six-group.com/fqs/ref.json, PortalSegment=EQ)",
    "state": "sourced",
    "value": "VAT GROUP N"
   },
   "sector": {
    "market": "CH",
    "reason": "the SIX feed returns an empty ICB industry for this line",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "SIX Swiss Exchange share explorer feed (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (feed six-group.com/fqs/ref.json, PortalSegment=EQ)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "CH",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "SIX Swiss Exchange share explorer feed (exchange list)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html (feed six-group.com/fqs/ref.json, PortalSegment=EQ)",
    "state": "sourced",
    "value": "VACN"
   },
   "website": {
    "market": "CH",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "CH",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "CH",
  "node": "ch-cm-kg",
  "numbers_hash": "sha256:e35b5705ef971bb57ec0be838d90f9063acece792f6652461c935c5b13efed42",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Privatkundinnen und -kunden",
    "professionelle Kunden",
    "institutionelle Kunden"
   ],
   "outcomes": {
    "Privatkundinnen und -kunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "institutionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "professionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.ch-cm-kg.ai/book/aio.json",
    "door": "https://mcp.ch-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/ch/finsa-product-duties/r1",
   "section": "ch.aio.v8"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.ch-cm-kg.ai/record/SIX/VACN",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.ser-ag.com/sheldon/official_notices/v2/find.json ; https://www.bxswiss.com/suspensions",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:e35b5705ef971bb57ec0be838d90f9063acece792f6652461c935c5b13efed42",
 "path": "/ch/SIX/VACN",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "VAT GROUP N is listed on SIX under the ticker VACN, with ISIN CH0311864901 and LEI 529900MVFK7NVALR7Y83. Its security type is Corporate and its jurisdiction is Switzerland (Zefix-registered corporation). Segment is not on the record. Sector is not on the record, as the SIX feed returns an empty ICB industry for this line. Status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 3 filings in the twelve months to 2026-11-06, on 3 filing days: 1 ad hoc, 1 corporate news and 1 register mutation. The median gap between filing days is 38.0 days. The latest filing is an ad hoc filing dated 2026-07-22, 107 days before the record date. The SIX exchange median is 29.5 days of cadence gap, 0 filings, and 14 days of latency across 607 issuers. Sector peer figures are not on the record for CH.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor is not on the record. The record carries the annual report link only, as a source link and not a read. Auditor location is not on the record, and auditor changes are not on the record because this register has no lifecycle type map yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, as this register has no lifecycle type map yet. The halt flag shows listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is ACM-200 for Privatkundinnen und -kunden, professionelle Kunden and institutionelle Kunden, and it is determinable for each. The rule version is acm-68000/ch/finsa-product-duties/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 18 research houses: BNP Paribas Exane, Citi, Deutsche Bank, Goldman Sachs, Jefferies, JP Morgan, Kepler Cheuvreux, Morgan Stanley, Octavian AG, ODDO BHF, Research Partners, UBS, Vontobel, Baader Helvea, Barclays, Berenberg, RBC Capital Markets and Zürcher Kantonalbank.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No issuer years are sealed, the market earliest sealed date is not given, and the live record began date is not given.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "8 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.six-group.com/en/products-services/the-swiss-stock-exchange/market-data/shares/share-explorer.html"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://www.zefix.ch/en/search/entity/list?name=VAT%20GROUP"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.ch-cm-kg.ai/events/SIX/VACN"
  },
  {
   "for": "the halt flag",
   "source": "https://www.ser-ag.com/sheldon/official_notices/v2/find.json ; https://www.bxswiss.com/suspensions"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.ch-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.vatgroup.com/investor-relations/analyst-coverage"
  },
  {
   "for": "the record",
   "source": "https://mcp.ch-cm-kg.ai/record/SIX/VACN"
  }
 ],
 "title": "VAT GROUP N (VACN) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}