PRESS RELEASE: Vectron Systems AG: Vectron Systems performs figures for the first quarter of 2019 | 10/5/19



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Dgap News: Vectron Systems AG / Key Word (s): Quarter Results
Vectron Systems AG: Vectron Systems Releases Figures for the First Quarter of 2019

10.05.2019 / 18:00
The content of the communication is the responsibility of the issuer / publisher.

Vectron Systems AG (Vectron), a leading supplier of intelligent money registry systems, including hardware, software and cloud services, with a focus on hospitality and bakery sectors, presented figures for the first quarter of 2019. As expected, a reluctance The purchase is felt in the money market, which can be explained with a wait and see from the customers until the legal introduction of the new financial system on 01.01.2020. As a result, sales declined and amounted to € 5,866,000 (previous year: € 7,416,000). EBRDDA fell to € -0,887 million (previous year: -0,188 million). Against the backdrop of the new statutory money system requirements as of 1/01/2020, sales in the money business are expected to pick up again from the fourth quarter.

About Electron

With more than 200,000 installations, the listed company Vectron Systems AG is one of the largest European manufacturers of strip systems. Stable hardware combined with flexible, reliable software has made Vectron the market leader for passport solutions in the German-speaking region and Benelux in the catering and bakery sectors. Several hundred retail partners distribute these products internationally. Digital cloud services are offered under the brand name Mivektron and Bonvito. The spectrum ranges from loyalty and payment functions to online reservations and online reporting. All services are directly to the cash register system, so it is the central data center. More information on www.vectron.de.
Contact:

Vectron Systems AG
Tobias master
Willy-Brandt-Weg 41
48155 musician, Germany
Phone +49 (0) 2983 908121
Mobile +49 (0) 170 2939080
Fax +49 (0) 251 2856-560
[email protected]

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