VAT Group AG (0RFL) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the VAT Q1 twenty twenty six Trading Update Conference Call. I am Valentina, the Chorus Call operator. I would like to remind you that all participants will be in listen only mode and the conference is being recorded. The presentation will be followed by a Q and A session. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Urs Gambler, CEO. Please go ahead. Thank you. Ladies and gentlemen, thank you, Mr. Hernan, and welcome to VSP's Q1 twenty twenty six Trading Update Conference Call. With me this morning are Fabian Fiorza, CFO and Christopher Wickley from our IR team. After my introductory remarks, we will start a moderated Q and A session. We are pleased to connect with you again after our full year results in March and the following roadshow. A lot has happened around the world since then, but the one thing that has not changed and I can reconfirm today, the rest is here. We are seeing very strong demand for products, from our customers across the sales and marketing industry. Q1 orders of CHF356 million represents a 17% increase in the previous quarter on the previous quarter and full 47% increase on the same quarter last year. This is the second highest order intake that VAT has ever recorded. At constant currencies, orders would have been up 19% sequentially and up 67% year on year. The conflict in The Middle East has been a big topic in the past weeks and we have not been completely immune to it. While we do not source components or commodities from the region, its important position in global shipping, including airfreight, temporarily challenged our activities. We shared these challenges and their impact already in our short press release on March 31. Overall, we a...