VAT Group AG (VACNY) Q4 2024 Earnings Call Transcript

2025-03-04 09:58:30 ET

VAT Group AG (VACNY)

Q4 2024 Earnings Conference Call

March 04, 2025 05:00 AM ET

Company Participants

Michel Gerber - Vice President, Investor Relations & Sustainability

Urs Gantner - Chief Executive Officer

Fabian Chiozza - Chief Financial Officer

Conference Call Participants

Michael Foeth - Vontobel

Jörn Iffert - UBS

Jürgen Wagner - Stifel

Scemama Didier - Bank of America

Timm Schulze-Melander - Redburn Atlantic

Nejc Lavric - Octavian

George Brow - Deutsche Bank.

Presentation

Michel Gerber

Okay. Good morning, everybody to this year's VAT Q4 and Full Year Results Presentation. We started the session a little bit differently, as you may have noticed also when you came in. The reason is that today we officially launched our new brand and corporate design campaign that has been developed over the last months by our corporate communications team, headed by Anja Brun, who is here, and Naomi, who is taking pictures.

And I think it's a very ambitious project that the team went through after 60 years of VAT. Today, this year, we celebrate the 60th birthday. And, of course, eight years, nearly nine years after the IPO, it was time for a refresh of the existing brand image that we have. So we not only, or the team, not only changed the font and the colors, I mean, we also finally jumped into the presence. We now have a new URL or web address which is vatgroup.com, no longer the VAT Valve.

And I think important with that change is also, we are more than valves. Valve is our core. We started with that. We are still extremely strong in that, world market leader, but we are also more. And I think that is put together better also in the VAT Group web address, but also stationary and everything had to be changed.

We kept the logo nearly unchanged. There is a small change in it and maybe afterwards, you can try to figure out what the change is. It's very subtle, but there is a change. So a great project, and I think it caused also a lot of headaches, because everything had to be ready by today. You have to think about a lot of different angles that you need to address. At least being also compliant with the six stock exchange that links on the six page are updated as well. Otherwise, I would receive a call from the -- from the regulator, and I would not want that this afternoon. It's a different time today.

So that is the new brand image. You've also seen we have a couple of annual reports also there to design completely new, and I think great achievement and really, really well done by team.

With that, I guess, it's time to go into the bid that you all came here for, which is the Q4 and full year results. I guess, with the high-level release that we now issue in January on a regular basis before going to several conferences in January. You knew the headlines, but today should also be, of course, a bit more details about how we see the future this year and then beyond.

We will not go too far beyond 2025. For that, we will have a Capital Markets Day on the 20th of May in Haag, in our new innovation center more about that after the presentation.

So with that, I would like to hand over to Urs, our CEO, whom you all know very well. And yes, the floor is yours....

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