Vectron Systems AG: Vectron reports figures for the first quarter of 2024

EQS-News: Vectron Systems AG / Key word(s): Quarter Results
Vectron Systems AG: Vectron reports figures for the first quarter of 2024

17.05.2024 / 12:38 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Münster, 17 May 2024: Vectron Systems AG (Vectron), a leading provider of
intelligent POS systems and cloud services, with a focus on the catering and
bakery sectors, has reported the following results for the first quarter of
2024 according to preliminary calculations based on the IFRS accounting
method: In the opening quarter, revenue increased by 10 per cent
year-on-year from EUR 8.8 million to around EUR 9.7 million. At the same
time, the operating result (EBITDA) improved by 40 per cent from EUR 0.5
million to EUR 0.7 million.

Recurring sales included in revenue increased by 21 per cent from EUR 2.9
million to EUR 3.5 million in the same period.

Against the backdrop of the usually seasonally weaker operating performance
in the first quarter and the expected further increase in recurring revenue,
the company is sticking to its forecast for 2024 of achieving revenue of
between EUR 41.0 million and EUR 45.5 million and EBITDA in the range of EUR
4.0 million to EUR 6.2 million.


About Vectron Systems AG:
With more than 250,000 POS systems sold to date, the listed Vectron Systems
AG is one of the largest European suppliers of POS solutions. Building on
this, the area of apps integrated into the POS systems as well as digital
and cloud-based services is becoming increasingly important in the catering
and bakery sectors. The spectrum of solutions ranges from loyalty and
payment functions to omni-channel ordering, online reservations and online
reporting.

In the retail segment, the wholly owned subsidiary acardo AG is one of the
leading providers of consumer activation tools, such as coupons, cashback
solutions and consumer apps in Germany. These are currently used in more
than 30,000 shops, consisting of grocery shops, drugstores, cinemas and
pharmacies. acardo offers its customers a full service, from conception and
technical implementation to coupon clearing. Customers include the largest
companies in their respective industries, such as EDEKA, Müller, Nestlé,
Unilever, Kellogg's, Krombacher, Coca-Cola, PEPSI, Beiersdorf, Hexal,
CinemaxX, Cineplex, Universal and Warner Bros.


Contact:
Meister Consulting GmbH
Tobias Meister
Im Schling 3
59955 Winterberg
phone: +49 (0) 2983 908121
mob: +49 (0) 170 2939080
E-Mail: meister@meisterconsult.com


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17.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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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:         info@vectron.de
   Internet:       www.vectron.de
   ISIN:           DE000A0KEXC7
   WKN:            A0KEXC
   Indices:        Scale 30
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt (Scale), Hamburg, Munich, Stuttgart,
                   Tradegate Exchange
   EQS News ID:    1905995

End of News EQS News Service
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1905995 17.05.2024 CET/CEST