|
DGAP-News: Vectron Systems AG
/ Key word(s): Forecast
Münster, March 1st, 2022: Vectron Systems AG (Vectron), a leading supplier of intelligent, digitalised POS systems consisting of hardware, software and cloud services, with a focus on hospitality and bakery sectors, publishes the planning for the current business year 2022.
As of March 20th 2022, German Federal Government will terminate most Covid-related restrictions. Against this background, the Management Board of Vectron Systems AG has now set the planning for the current business year. Whilst in Q1 2022 the effects of the Corona measures led to a certain reluctance to invest, especially in the hospitality sectors, the company expects an overall return to normality from the 2nd quarter onwards. Despite negative Corona-related effects in Q1 and the simultaneously expiring fiscalisation-effects, Vectron expects continued strong growth in recurring revenues from digital services. Here, sales according to IFRS are expected to increase from EUR 6.5 million in 2021 to EUR 9.8 million in 2022. For the business year 2022, the company expects total sales of EUR 33 million to EUR 36 million with an EBITDA range between EUR 1.9 million and EUR 3.4 million according to IFRS accounting. Preliminary results 2021 (IFRS) show total sales of EUR 38.2 million and an EBITDA of EUR 4.7 million. In the past two years, Vectron has fully exploited the opportunities of fiscalisation with the highest sales in the company's history and consolidated its position as market leader with by far the largest installation base. "Now the challenge is to sell digital services to this huge customer base. During the pandemic, customers have learned the importance of digital channels and are now increasingly asking for these solutions. This transformation of the business towards recurring revenue is therefore picking up pace. This development has been perpetuated in recent years. For example, recurring revenue increased from EUR 2.8 million (HGB/ local GAAP) in 2019 to EUR 4.1 million (HGB/ local GAAP) in 2020 to EUR 6.5 million (IFRS) in previous financial year. This year, management expects an additional increase to EUR 9.8 million (IFRS). We assume that growth with digital solutions can even be accelerated in the next few years and thus become a true game-changer for Vectron", explains Thomas Stuemmler, CEO of Vectron Systems AG. Contact external IR service provider: Meister Consulting GmbH Im Schling 3 59955 Winterberg Tel.: +49 (2983) 90 81 21 Fax.: +49 (2983) 90 81 23 E-Mail: meister@meisterconsult.com
01.03.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| 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: | 1291175 |
| End of News | DGAP News Service |
|
|
1291175 01.03.2022
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.
