VAT Group AG (VACNY) Q1 2025 Earnings Conference Call Transcript

VAT Group AG (OTCPK:VACNY) Q1 2025 Earnings Conference Call April 17, 2025 4:00 AM ET

Company Participants

Urs Gantner – CEO
Fabian Chiozza – CFO
Michel Gerber – VP, IR & Sustainability

Conference Call Participants

Meihan Yang – Goldman Sachs
Didier Scemama – Bank of America
Jorn Iffert – UBS
Sandeep Deshpande – JPMorgan
Nabeel Aziz – Redburn Atlantic
Michael Inauen – ZKB
Craig Abbott – Kepler Cheuvreux
Martin Jungfleisch – BNP Paribas
Michael Foeth – Vontobel
Lavric Nejc – Octavian
Jurgen Wagner – Stifel
Nigel van Putten – Morgan Stanley
Martin Marandon-Carlhian – ODDO BHF

Operator

Ladies and gentlemen, welcome to the VAT Q1 2025 Trading Update Conference Call. I’m Sandra, the Chorus Call operator. I would like to remind you that all participants have been in listen-only mode and the conference is being recorded. The presentation will be followed by a Q&A session. [Operator Instructions] The conference must not be recorded for publication or broadcast.

At this time, it’s my pleasure to hand over to Urs Gantner, CEO. Please go ahead, sir.

Urs Gantner

Ladies and gentlemen, good morning and welcome to VAT’s Q1 2025 trading update conference call. With me this morning in Haag in our freshly opened innovation center are, CFO, Fabian Chiozza and our Investor Relations team with Michel Gerber and Christopher Wickli. After my introductory remarks, we will start the Q&A session. The call moderator will take your questions in the order you enter them.

So let’s start. We are pleased to connect with you again after the full year results ran March 4. Following the full year results, we had great discussions during our Zurich and London road shows with a focus on the technology and the anticipated shifts relevant to our business this year. Since then, I spent a lot of time with customers, mainly in Asia, which is