20.04.2018
Vectron Systems AG DE000A0KEXC7
DGAP-News: Vectron Systems AG: Quarter result - slight sales increase compared to Q4/2017
DGAP-News: Vectron Systems AG / Key word(s): Quarter Results
Vectron Systems AG: Quarter result - slight sales increase compared to
Q4/2017
20.04.2018 / 12:41
The issuer is solely responsible for the content of this announcement.
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Despite an expected restrained demand in the core market compared to 2017
Vectron achieved, due to marketing, sales and partner promotions, revenues
of EUR 7.4m in the first quarter of 2018 although this is traditionally a
weaker sales period. This equals an increase of 6.3 % compared to Q4
2017(EUR 6.9 m.) which usually tends to be stronger saleswise.
The company expects in 2018 an ongoing restrained demand, but the market
will show a significant increase in demand in 2019 at the latest because on
01.01.2020 the act on protection against manipulation of digital basic
records and the cash security ordinance come into effect. In contrast to the
present regulation these legislations are combined with the threat of high
fines. The use of a technical security device in all cash registers is
prescribed from this date onwards. According to own current polls more than
30 % of customers have not yet implemented the changeover to POS systems
complying with the applicable financial laws. Further sales potential
results of the above mentioned upcoming legislations, that require to adapt
already changed systems at this time once again.
Simultaneously to the expansion of the core business, Vectron is developing
new digital business models in order to generate and establish additional
sales and revenue streams. Therefore, targeted investments are made in
software development and cloud-based services such as "GetHappy", a
cooperation with Coca-Cola. These investments were financed from the current
cash flow and aim to ensure the digital transformation strategy and
realignment of Vectron into a full-size system solution provider. Based on
these investments Vectron attained in the first quarter of 2018 an EBITDA of
EUR -0.18 m (Q4/2017: EUR -0,12 m).
Contact:
Oliver Kaltner
Vectron Systems AG
Willy-Brandt-Weg 41
48155 Münster, Germany
phone +49 (0)251 28560
fax +49 (0)251 2856-564
www.vectron.de
[email protected]
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20.04.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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
End of News DGAP News Service
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677057 20.04.2018
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