Q1 2022 VAT Group AG Trading Statement Call Transcript

Apr 14, 2022 / 07:00AM GMT
Operator

Ladies and gentlemen, welcome to the VAT Q1 2022 Trading Update Conference Call. I am Sandra, the Chorus Call operator. (Operator Instructions) The conference must not be recorded for publication or broadcast.

At this time, it's my pleasure to hand over to Mr. Mike Allison, CEO of VAT Group. Please go ahead, sir.

Michael Allison - VAT Group AG - CEO

Thank you and good morning, ladies and gentlemen and welcome to VAT's Q1 2022 Trading Update Conference Call. The call this morning will be approximately 45 minutes in length. With me this morning are our CFO, Fabian Chiozza; and our Head of Investor Relations, Michel Gerber. After my introductory remarks, we will start the Q&A session, and the call moderator will take your questions in the order you enter them.

So I trust you've all seen the media, through a release we issued this morning, and I'd like to point out that we're very pleased with the way the first quarter of the year has developed. Given the high uncertainties around the global supply chain, that has forced us to lower our

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