Q1 2023 VAT Group AG Trading Statement Call Transcript

Apr 13, 2023 / 08:00AM GMT
Operator

Ladies and gentlemen, welcome to the VAT Q1 2023 Trading Update Conference Call. I'm Andre, 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 the VAT Group. Please go ahead, sir.

Michael Allison - VAT Group AG - CEO

Thank you, and good morning, ladies and gentlemen. Welcome to VAT's Q1 2023 Trading Update Conference Call. With me this morning are our CFO, Fabian Chiozza; and 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 as you can see from the media release this morning, the first quarter of 2023 is kind of a mixed bag of results. On the positive side, we've achieved revenues that were slightly ahead of the guidance high point at CHF 233 million. The strong execution of our order backlog contributed around CHF 100 million in the first 3 months of the year. Nevertheless

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