Q1 2019 VAT Group AG Corporate Sales Call Transcript
Ladies and gentlemen, welcome to the Q1 Trading Update Media and Analyst Conference Call. I am Alice, the Chorus Call operator. (Operator Instructions) And the conference is being recorded. The presentation will be followed by a Q&A session. (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.
Thank you, and good morning, everybody. Welcome to the trading update for VAT in Q1 2019. With me this morning is Stephan Bergamin, our CFO; and Michel Gerber from Investor Relations.
So let me start first with the headline numbers, and then I'll say a little bit on each segment. As expected, overall Q1 orders and net sales were below the record levels experienced in the first quarter of 2018. However, we did manage to report net sales close to the top end of our Q1 guidance.
While we are not discussing our
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