VAT Group AG Capital Markets Day 2022 Transcript
So good morning, everybody, and welcome to the second VAT Capital Markets Day. It is actually on this day today, 2 years ago, when we held our first capital markets. None of you were here, unfortunately, because we had the COVID situation. It was all virtual. So it was a little bit of a challenge for us to figure out how many of you are actually showing up coming to this event because you're so used to the easy approach to these things via Zoom, Teams or what have you. But I see that physical presence is still something that is very much liked and appreciated.
We have, of course, guests here from the Zurich area, from Switzerland, but we also have guests that traveled from the U.K., from Germany here. So welcome to everybody. I'm actually wearing exactly the same suit as 2 years ago. It still fits, which is a good sign. I think it's kind of like my lucky suit because since the last Capital Markets Day, and despite the sharp downturn in the stock markets, we still have a TSR of about 40% since then. So if we do at least
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