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Vectron Systems AG, DE000A0KEXC7

Vectron Systems AG, DE000A0KEXC7

10.02.2021 - 21:40:08

Vectron Systems AG: Impact of the ongoing lockdown on Vectron planning 2021

M?nster, 10 February 2021: As recently reported, the company assumes that strong demand can be expected with the end of the Corona lockdown. This is especially true in view of the fact that so far only 30 to 40 percent of the target sector, the hospitality industry, has converted their POS systems in accordance with the new legal regulations. This is also indicated by the relatively good sales during the lockdown, although Vectron assumes that these would have been considerably higher without the Corona measures. In August last year, even before the second Corona lockdown became known, the company had forecast within its medium-term planning that sales in 2021 would increase to approx. EUR 50.0 million with a simultaneous EBITDA margin of 20 percent. Since the politicians today extended the lockdown again and were unable to make any clear statements on the final termination of the current lockdown measures, the original planning for 2021 is increasingly fraught with uncertainty. For this reason, the company now considers it advisable to withdraw it now as a precaution. The Executive Board justifies its nevertheless positive assessment for the time after the lockdown with a pent-up backlog demand and with the still valid introduction date of 01.04.2021 for the obligatory conversion of the cash register systems to the new fiscal regulations. Many businesses have suspended the necessary investments for this because of the closures, but would have to make up for this immediately after reopening. Contact: Vectron Systems AG Tobias Meister Willy-Brandt-Weg 41 48155 M?nster, Germany phone +49 (0) 2983 908121 mobile +49 (0) 170 2939080 fax +49 (0)251 2856-560 tobias.meister@vectron.de

10-Feb-2021 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 M?nster

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: 1167593 ? End of Announcement DGAP News Service


@ dgap.de