Urs Gantner
CEO
Replay available
VAT Group AG (LSE: 0RFL) Q2 2025 earnings conference call, held 2025-07-23. Replay captured from the company's public earnings webcast.

CEO
CFO
IR and Sustainability
Analyst, RBC Capital Markets
Analyst, Goldman Sachs
Analyst, Bank of America
Analyst, Rothschild & Co. Redburn
Analyst, Von Tobel
Analyst, JP Morgan
Analyst, Kepler Cheuvreux
Analyst, Octavian AG
Ladies and gentlemen, welcome to VAT Half Year 2025 Results Conference Call and Live Webcast. 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&A session. You can register for questions at any time by pressing star and 1 on your telephone. Webcast viewers may submit their questions in writing via their relative field. For operator assistance, please press star and 0. 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. Good morning, ladies and gentlemen, and thank you for joining this webcast on our Q2 and half-year 2025 results. Today, I'm joined on this call by our CFO, Fabian Piozza. Also here with me is Michelle Gerber from our IR and sustainability team. For today's agenda, we have scheduled the following three parts before opening for a Q&A session. I will start with the highlights of the second quarter and half-year results 2025, and then Fabian will go through the financials in some more detail. I will then conclude with a look ahead and share our expectations for the remainder of the year. Here on slide three, you see the usual forward-looking statement reminding you of the many inherent unknown risks that exist. still faces many geopolitical uncertainties affecting many areas of our daily life and making the business environment challenging to say the least. Our main business, the semiconductor industry, is no exception in this environment or even one of the major industries in focus. Despite all that, I'm proud to say that VAT has again delivered a very solid set of results given the circumstances like the unresolved ...