Vectron Systems AG - Earnings Release 2019

News Details

Corporate | 10 May 2019 18:00

Vectron Systems AG: Vectron Systems publishes figures for the first quarter 2019

DGAP-News: Vectron Systems AG / Key word(s): Quarter Results

10.05.2019 / 18:00

The issuer is solely responsible for the content of this announcement.

Vectron Systems AG (Vectron), a leading supplier of intelligent POS systems comprising hardware, software and Cloud services and with a focus on the catering and bakery sectors, presented the figures for the first quarter 2019. As expected, a reluctance to buy was noticeable in the cash market, which can be explained by customers waiting for the legal introduction of the new fiscalization system on January 1, 2020. Sales declined accordingly and amounted to Euro 5.866 million (previous year Euro 7.416 million). The EBITDA fell to -0.887 m Euro (previous year -0,188 m Euro). Against the background of the new legal requirements for POS systems as of January 1, 2020, it is expected that sales in the POS business will rise significantly from the fourth quarter onwards.

About Vectron:

With more than 200,000 installations, the listed Vectron Systems AG is one of the leading European manufacturers of POS systems. Stable hardware combined with flexible, reliable software has made us the market leader for POS solutions in the German-speaking area and in the Benelux countries in the catering and bakery sectors. Several hundred specialist trade partners distribute the products internationally. Digital cloud services are offered under the brand names myVectron and bonVito. The portfolio ranges from loyalty and payment functions to online reservation and reporting. All the services are directly connected to the POS system, making it the core data center. More information available at www.vectron.de.

Contact:

Vectron Systems AG

Tobias Meister

Willy-Brandt-Weg 41

48155 Münster, Germany

phone +49 (0) 2983 908121

mobile +49 (0) 170 2939080

fax +49 (0)251 2856-560

[email protected]

10.05.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

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Language:	English
Company:	Vectron Systems AG
	Willy-Brandt-Weg 41
	48155 Münster
	Germany
Phone:	0251/ 28 56 – 0
Fax:	0251/ 28 56 – 564
E-mail:	[email protected]
Internet:	www.vectron.de
ISIN:	DE000A0KEXC7
WKN:	A0KEXC
Indices:	Scale 30
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange
EQS News ID:	809815