va-Q-tec AG (XTER:VQT)

€ 26 0 (0%) Market Cap: 383.32 Mil Enterprise Value: 447.67 Mil PE Ratio: 0 PB Ratio: 8.58 GF Score: 58/100

Q1 2022 va Q tec AG Earnings Call Transcript

May 10, 2022 / NTS GMT

Release Date Price: €14.4 (-5.26%)

Transcript

Joachim Kuhn

va-Q-tec AG - Founder, CEO & Chairman of the Management Board

Good morning, everybody. My name is Joachim Kuhn, CEO and Founder of va-Q-tec. With me today is our CFO, Stefan DÃ¶hmen, who will guide you through the quarter 1 '22 financials later in this presentation. Our presentation today consists of 2 parts: our highlights and the first quarter 2022. And as always, we will conclude then with a Q&A session.

So we are overall very happy with the development we have seen in quarter 1 2022. We delivered a good set of numbers in a very challenging macro environment around us. We have summarized the most important messages on Slide #2 named va-Q-tec with outstanding quarter 1 '22 figures.

First, revenue. We delivered a continued strong performance with revenue growth of 25% to EUR 28 million coming from EUR 22.4 million in the previous year's quarter 1. Second, with a plus of 48%, our Services business showed an extremely strong performance and stood out of the 3 business lines. Third, profitability. Our overall earnings performance has impacted -- was impacted by higher

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