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

2025-04-17 08:36:38 ET

VAT Group AG (VACNY)

Q1 2025 Earnings Conference Call

April 17, 2025, 04:00 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

Presentation

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 especially important during these times of uncertainty we are seeing.

Our customers rely on us to be ready with our products and services in the location they need us. And with ever shorter lead times for engineering and new product introductions, nothing has changed there. My takeaway from these discussions is that our customers are not changing their views or expectations about the ongoing technology transition and capacity expansions....

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