VAT Group AG

Ladies and gentlemen, welcome to the VAT Q3 Trading Update Call. I am Valentina De Coro's Call Operator. I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by Q&A session. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star and 0. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Fabian Chiozza, CFO. Please go ahead.

Ladies and gentlemen, good morning and welcome to EAT's Q3 2026 Trading Update Conference Call. On the line with me this morning are Michel Gerber and Chris Weckley from our IR team. Our CEO, Urs Gantner, is attending Semicon West in San Francisco, and as it's in the middle of the night for him, he's having a good night's sleep to be well-rested to continue what can only be described as an ultra-high-intensity week triggered by a semiconductor ramp that undergoes an unprecedented growth phase. After my introductory remarks, we will start the usual Q&A session. The feedback we are receiving from our team present at Semicon West is always the same.

Demand remains tremendous and as an industry we see records being shattered.