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VAT Group AG (VACNY) CEO Mike Allison on Q4 2021 Results - Earnings Call Transcript

Mar. 03, 2022 2:10 PM ETVAT Group AG (VACNY), VTTGF
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VAT Group AG (OTCPK:VACNY) Q4 2021 Earnings Conference Call March 3, 2022 5:00 AM ET

Company Participants

Mike Allison - Chief Executive Officer

Fabian Chiozza - Chief Financial Officer

Michel Gerber - Head, Communications and Investor Relations

Conference Call Participants

Didier Scemama - Bank of America

Craig Abbott - Kepler Cheuvreux

Sandeep Deshpande - JPMorgan

Timm Schulze-Melander - Redburn

Michael Foeth - Vontobel

Sebastian Kuenne - RBC

Jürgen Wagner - Stifel

Robert Sanders - Deutsche Bank

Harald Eggeling - ZKB

Marta Bruska - Berenberg

Mike Allison

Thank you and good morning ladies and gentlemen. And thank you for joining this Webcast of our Q4 and Full Year 2021 Results. As you know, VAT has pre-released preliminary key figures including orders, sales, EBITDA and EBITDA margin already on January 12. And you see that the final numbers are well in line with what we announced back then. Today, our CFO, Fabian Chiozza; and our Head of Communications and Investor Relations, Michel Gerber joined me on the call.

Looking at today’s agenda, we will cover the following three parts before opening for Q&A session. I will start with the highlights of the Q4 and full year results. And then, Fabian will go through the results and financials in more detail. After these sections, I will continue with an update on our 2025 longer term outlook before closing our formal remarks with the usual qualitative outlook for the current business year. Finally, we will open for Q&A.

So let’s turn to Slide 3 of the presentation. It’s also available on our website. As we communicated back in January, VAT had an excellent 2021, reflecting the record results not only in Q4, but also for the whole of 2021. The business started very strongly into the year and never lost momentum for the quarter. This performance was driven by an unprecedented

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