VECTRON SYSTEMS AG


Associated tags: Cloud, Vectron, Software, POS

Locations: GERMANY, AUSTRIA, NETHERLANDS, DEUTSCHLAND, DEUTSCHLAND

EQS-News: Vectron achieves strong turnaround in 2023 and achieves earnings at the upper end of the forecast

Retrieved on: 
Wednesday, March 13, 2024

The published forecast already included the sales and earnings contributions of the acardo acquisition.

Key Points: 
  • The published forecast already included the sales and earnings contributions of the acardo acquisition.
  • "We are proud that, in addition to acardo, Vectron has once again contributed positive figures to the result.
  • With a preliminary EBITDA of EUR 3.0 million for the 2023 financial year, we are also at the upper end of the forecast of EUR 2.2 million to EUR 3.2 million.
  • With revenues of around EUR 13.2 million, 47% of sales in the Vectron division were already of a recurring nature in 2023.

EQS-News: Vectron subsidiary acardo grows significantly through new contracts

Retrieved on: 
Tuesday, January 30, 2024

Münster, 24 January 2024: acardo group AG (acardo), a wholly owned subsidiary of Vectron Systems AG, is expanding its check-out couponing network by an additional 3,500 stores.

Key Points: 
  • Münster, 24 January 2024: acardo group AG (acardo), a wholly owned subsidiary of Vectron Systems AG, is expanding its check-out couponing network by an additional 3,500 stores.
  • With the current expansion, acardo now operates the largest check-out couponing network in the German food retail sector, comprising over 5,600 stores.
  • "Thanks to the current expansion, acardo now reaches almost 85% of all German households," says Christoph Thye, CEO of acardo group AG.
  • To generate important insights or measure the success of a campaign, acardo also utilises receipt data from around 500 stores.

EQS-News: Vectron Systems AG: Vectron continues operative upward trend with a strong 3rd quarter

Retrieved on: 
Thursday, October 26, 2023

In comparison with the same period of previous year, current figures include results of the 100 per cent stake in acardo.

Key Points: 
  • In comparison with the same period of previous year, current figures include results of the 100 per cent stake in acardo.
  • Against previous year, cumulative consolidated revenues per Sep 30th rose by around 52.4 percent from EUR 18.3 million to EUR 27.9 million.
  • In addition to acardo’s positive contribution, recurring revenues in the original Vectron business were a key driver for the positive group result.
  • We see both businesses on a good way to reach their targets", explains Thomas Stümmler, founder and CEO of Vectron Systems AG.

EQS-News: Vectron Systems AG: SoftPOS solution launched in Austria

Retrieved on: 
Tuesday, September 5, 2023

Vectron Systems AG (Vectron), a leading provider of digital POS solutions and cloud services, with a focus on the hospitality and bakery sectors, regards SoftPOS solutions as the future of payment.

Key Points: 
  • Vectron Systems AG (Vectron), a leading provider of digital POS solutions and cloud services, with a focus on the hospitality and bakery sectors, regards SoftPOS solutions as the future of payment.
  • The SoftPOS solution for digital payment from Tidypay is integrated into Vectron's mobile POS system POS M4 Pay.
  • The start of the Tidypay solution on our mobile POS system Vectron POS M4 Pay in Austria is very promising and is enthusiastically accepted by the users."
  • In Germany, Vectron will also offer a SoftPOS solution on the local market in cooperation with the payment partner for Germany, epay.

EQS-News: Vectron Systems AG: Vectron benefits from acardo takeover

Retrieved on: 
Thursday, August 10, 2023

Münster, 10 August 2023: Vectron Systems AG (Vectron), a leading provider of intelligent POS systems and cloud services, with a focus on hospitality and bakery sectors, has determined preliminary results for the first half of 2023 according to IFRS standards.

Key Points: 
  • Münster, 10 August 2023: Vectron Systems AG (Vectron), a leading provider of intelligent POS systems and cloud services, with a focus on hospitality and bakery sectors, has determined preliminary results for the first half of 2023 according to IFRS standards.
  • For the first time, these results consolidate acardo group, acquired per January 1st 2023.
  • Last year, Vectron (stand alone) reported H1 net sales of EUR 12,8m., whereas H1 2023 net sales, now including acardo group, add up to EUR 18,5m, thus representing an increase of 47 percent.
  • The acquisition of acardo group also accounts for now positive half year operating results with an EBITDA of EUR 1,7m.