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Vectron Systems AG, DE000A0KEXC7

Vectron Systems AG, DE000A0KEXC7

25.11.2019 - 20:57:58

Vectron Systems AG: Medium-term planning

The Vectron Systems AG (Vectron), a leading provider of intelligent, digitised POS systems consisting of hardware, software and cloud services, with focus on the catering and bakery trade, publishes general data on the planned growth. In the financial year 2020, Vectron expects sales of at least EUR 50 million with an EBIT margin in the low double-digit percentage range, also due to the now finally determined time frame for the legal conversion of POS systems. Because of the positive results in the so far still limited distribution of the new digital solutions, Vectron is optimistic to be able to grow considerably in this area in the next few years. As a result of the expansion of the digital business, monthly recurring revenues shall become increasingly important. Starting in 2022, recurring revenues should be higher than those of the traditional Vectron POS business for the first time on a full-year basis. Accordingly, the company considers it possible to generate sales revenues of more than EUR 100 Mio. with an EBIT margin in the mid-double-digit percentage range. 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 tobias.meister@vectron.de

25-Nov-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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: info@vectron.de 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: 921421   End of Announcement DGAP News Service

921421  25-Nov-2019 CET/CEST

@ dgap.de