VAT Group AG (0RFL) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the VIT Q3 2025 Trading Update conference call. I am Sandra, the course call operator. I would like to remind you that all participants have been listened only mode and the conference has been 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. 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 Gamsner, CEO. Please go ahead, sir. Thank you. Ladies and gentlemen, good morning and welcome to VATQ3 2025 Trading Update conference call. With me this morning are CFO Fabian Fiocza and Michel Gerber from Investor Relations. After my introductory remarks, We will have our regular Q&A session, and the call operator will take your questions in the order you enter them. Another quarter has passed, and I can say that it developed quite in line with the expectations we shared with you during our Q2 webcast on July 29. For me, the following six topics, on which I will elaborate in more detail during today's call, are important when analyzing VAT's performance over the last three months. Our Q3 orders showed the flattest development we anticipated, while sales in the quarter were supported by the execution of our still sizable backlog. Adverse FX impacts did not have the same negative impact in Q3 as in Q2. However, on a nine-month basis, the headwind is still strong. Among our business units, Advanced Industrial and Global Service had a pleasing development confirming our expectations for these two areas, while order activity in the semiconductor business remained muted. The market conditions and our expectations have not changed fundamentall...