VAT Group AG (OTCPK:VACNY)
$ 50.75 2.49 (5.16%) Market Cap: 15.21 Bil Enterprise Value: 15.49 Bil PE Ratio: 66.95 PB Ratio: 19.52 GF Score: 87/100

Q3 2019 VAT Group AG Corporate Sales Call Transcript

Oct 24, 2019 / NTS GMT
Release Date Price: $10.9
Operator

Ladies and gentlemen, welcome to the VAT Q3 2019 Trading Update Conference Call. I am Sandra, the Chorus Call operator. 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, COO, Member of Group Management Board and Head of Sales & Marketing

Thank you. So ladies and gentlemen, good morning, and welcome to VAT's conference call on the Q3 trading update, which we published this morning.

With me this morning is Stephan Bergamin, our CFO; and our Head of Investor Relations, Michel Gerber.

After my short introduction, we'll start the Q&A session and the call moderator will take your questions in the order that you enter them.

With that, let's start looking at the business development during the third quarter of 2019. VAT has posted continued sequential top line growth in Q3 versus Q2, which, in our view, confirms the fact that the bottom of the current market cycle has been reached.

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