Vectron Systems AG: Medium-term planning
Vectron Systems AG / Key word(s): Results Forecast 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. |
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 |