VACNY - VAT Group AG (VACNY) Q4 2023 Earnings Call Transcript
2024-03-05 12:26:15 ET
VAT Group AG (VACNY)
Q4 2023 Earnings Conference Call
March 5, 2024, 5:00 AM ET
Company Participants
Christopher Wickli - Investor Relations
Urs Gantner - Chief Executive Officer
Fabian Chiozza - Chief Financial Officer
Michel Gerber - Investor Relations
Conference Call Participants
Michael Foeth - Vontobel
Joern Iffert - UBS
Sandeep Deshpande - JP Morgan
Sebastian Kuenne - Bank of Canada
Martin Marandon - ODDO BHF
Robert Sanders - Deutsche Bank
Craig Abbott - Kepler Cheuvreux
Olivia Honychurch - Jefferies
Didier Scemama - Bank of America
Timm Schulze-Melander - Redburn Atlantic Aviation
Presentation
Christopher Wickli
Good morning. Welcome to the VAT Fully Results Presentation today here in Sennwald Slovak [ph] and online via webcast, it’s a delight to see so many people in the room here today. Maybe one or two organizational points before we hand over to management.
We are doing a presentation followed by Q&A and for those of you today here in the Sennwald, there’s going to be a little luncheon prepared afterwards on the second floor.
It’s a pleasure to introduce you to Urs Gantner, our CEO since the 1st of January; and to CFO, Fabian Chiozza, who you’ve also seen before, who will take you through the presentation that is both available online, as well as on the desks here.
So, without further ado, I’d like to hand over to Urs to take you through the presentation. Thank you.
Urs Gantner
Thank you, Chris. I assume you all know Chris, right? Thanks for the introduction. Also from my side, welcome. Grüezi mitenand. Thank you for joining us here. VAT has pre-released the preliminary figures, including orders, EBITDA, EBITDA margin, already in January 11. And you have seen today there is no big surprises and no deviation from the numbers we presented then.
Today is my first earning call and I want to get ahead of any questions about change. That’s the most questions, the urgent questions I always get. As former head of, I have been the former head of the Semiconductor Solutions Group, I was part of the team that developed the VAT strategy since the IPO day back in 2016.
The last update has been presented at the Capital Markets Day in 2022 and despite the slowdown in 2023, we are on the path and we anticipated -- we are on the path, we anticipated and I firmly believe we have the right strategy and the right team in place to execute on the ambitious targets.
Our focus in 2023 has been on maintaining our ability to ramp and further accelerate and -- our technology lead and product roadmaps. I also want to highlight that our executive and senior management team has -- is complete again. In November, we announced the hiring of my successor for the Semiconductor Solutions Group, Finn Felsberg, but we also have promoted several internal talents into leadership role.
For example, the new Head in Advanced Industrials business and the Head of Technology and also a Head of Global Sales. All internal talents. Today, as you have seen, I’m joined by our CFO, Fabian Chiozza, you all know, and our Investor Relations team, Michel Gerber and Christopher Wickli....
VAT Group AG (VACNY) Q4 2023 Earnings Call Transcript