VAT Group AG (0RFL) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, Gretz Vitanand. Good morning and thank you for joining today's webcast on our second quarter and first half twenty twenty six results. Apart from this, I'm delighted to share an important milestone in VAT's long term growth journey, our planned acquisition of Atanarp. Joining me today is our CFO, Fabian Kiotza and members of our Investor Relations team. After Fabian's and my remarks, we will have a moderated Q and A session to answer your questions. The first thing we want to cover today are the H1 results. Semiconductor markets are in a unique situation. There is a clear supply and demand imbalance. We will discuss the Q2 record CHF500 million order flow and the successful start to our ramp up to support this demand. The second thing we want to share with you is an acquisition. Our press release this morning might have come as a bit of a surprise. We have been talking in the past years that we are always looking for technologies that excite us. With the signing of the SBA, I am delighted to share that we are bringing Atenarb's breakthrough molecular sensing technology into the VAT family. Together, we will create a powerful integrated offering that enables our customers to generate new value and opens exciting growth opportunities for the future. But let's start with the highlights in the first half of twenty twenty six. Next slide, please. It is impossible to talk about our business without mentioning AI and the massive investments in data centers. To be precise, however, our products are not used inside the data centers themselves. Rather, we benefit from the industry's need to expand semiconductor manufacturing capacity to produce the advanced chips that power them. The key driver is the growing imbalance between demand for leading edge semi...