VIA optronics AG

Thank you for your patience, everyone. The VIA Optronics Q3 22 earnings call will begin shortly. During the presentation, you will have the opportunity to ask a question by pressing Start followed by 1 on your telephone keypad. Thank you. Welcome to VIA Optronics preliminary third quarter 2022 earnings conference call and webcast. At this time, all participant lines are in a listen-only mode. For those of you participating on the conference call, there will be an opportunity for your questions at the end of today's prepared comment. Please note this conference is being recorded. An audio replay of the conference call will be available on the company's website within a few hours after this call. I would now like to turn the call over to Sam Cohen with Alpha IR Investor Relations.

Thank you and welcome. Joining me today are Juergen Eichner, Founder and Chief Executive Officer, and Dr. Marcus Peters, Chief Financial Officer. I'd like to remind everyone that statements made during this conference call relating to the company's expected future performance, future business prospects for future events or plans may include forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. Participants are directed to vOptronics Form 20F for a description of certain business risks, some of which may be outside the control of the company that may cause actual results to materially differ from those expressed in the forward-looking statements. We expressly disclaim any due to provide updates to our forward-looking statements, whether as a result of new information, future events, or otherwise. Our earnings release for the preliminary third quarter of 2022 results is posted on the company's website at vOptronics.com. With that, let me now turn the call over to Juergen for a few opening remarks.

Thank you, Sam. Good morning, and thank you all for joining us today. We are delighted to report record quarterly revenue, which exemplifies the strong demand we are seeing across all of our end markets. We grew top-line revenue by 27.3%, with a 39.2% growth in our display solution segment driven by growth in the automotive market as well as in the industrial area. In the third quarter, we benefited from increased production output at our Nuremberg headquarters and increased demand and order volume for the automotive and industrial end market. We continue to expect increased adoption of our innovative and cutting-edge displays as both automotive and industrial vehicles demand are more robust. Sunlight readable, weather resistant displays, camera and sensing as well, interior, vivid and crisp optical solutions are needed. Our capabilities, which allow us to provide customizable technology with unique specifications and the high amount of in-house production content, avoiding going through suppliers, separate via from its competitors, and allow us to address the accelerating needs of customers today. I am proud of how our teams executed in the third quarter, delivering positive APTA despite ongoing global supply chain challenges. Elevated freight costs, which were headwind in previous quarters, are now easing and we have begun to see the benefits of the previously announced performance improvement projects in our profitability and cash flows. The cost savings and pricing initiatives we have implemented start being reflected in our results this quarter as we continue to renegotiate with customers and suppliers. Also, we see a softer demand from the digital car OEMs in Q4. Going forward, we believe that these activities will continue to help improve our margin profile and position the company for long-term sustainable profitability. This quarter, we announced the appointment of Roland Kokoyek as Chief Marketing Officer, CMO. Roland has been actively creating a successful go-to-market strategy and promoting the new and innovative technologies of VIA to our customers and partners. In conjunction with the appointment of Roland Kokoyek as CMO, the company has brought the marketing organization, the project management team, the team from research and innovation, and the strategic sourcing team together under a Kokoye's leadership. This new alignment will create a more efficient marketing and sales organization and reduce our operating expenses going forward. As we announced previously, we plan to establish a new camera production line in Thailand. As the desire for driver and operating assistance as well as autonomous driving functions grows, so must the vividness and resolution of camera images. This new equipment will allow VIA to use bare die instead of house sensors, increasing the precision and cost effectiveness of our solutions. Additionally, our camera production in Thailand opens the door for us to market our other solutions in the regions. We are in decision with OEMs interested in the new functions that we provide with our touchscreens and the overall dashboard integration. We remain encouraged by the strength of our growing project pipeline as we continue to focus on higher-value projects that will support merchants. Additionally, we continue to execute our strategy with a target of 500 million in annual revenue by 2026. We currently maintain a boarded business of approximately 250 million, which supports this forecast. With that said, now I'd like to turn the call over to Markus, for review of our third quarter 2022 performance and full year outlook. Markus?