Vectron Systems AG

V3S

Equity

ISIN DE000A0KEXC7 / Valor 2978635

Xetra (2024-09-18)

EUR 11.75+0.86%

Vectron Systems AG
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About company

Vectron Systems AG is a leading European provider of POS solutions, having sold over 250,000 POS systems to date. The company focuses on integrating apps into POS systems and offering digital and cloud-based services to the catering and bakery sectors. Additionally, through its subsidiary acardo AG, Vectron provides consumer activation tools for the retail segment, including coupons, cashback solutions, and consumer apps used in over 30,000 shops. The company's clientele includes major industry players such as EDEKA, Müller, Nestlé, and Coca-Cola. Vectron Systems AG is listed on the stock exchange and has designated sponsor banks in Hamburg and Frankfurt.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

Vectron Systems AG reported a significant increase in revenue for the fiscal year 2023. The company's sales improved from EUR 25.2 million in the previous year to EUR 37.4 million, marking a substantial growth driven by both organic performance and the acquisition of acardo.

EBITDA Turnaround

For the fiscal year 2023, Vectron Systems AG achieved a notable turnaround in its operating result (EBITDA). The company reported a preliminary EBITDA of EUR 3.0 million, a significant improvement from the negative EUR 4.0 million recorded in 2022. This result places the company at the upper end of its forecast range of EUR 2.2 million to EUR 3.2 million.

Recurring Revenue

Vectron Systems AG's focus on digital offerings has paid off, with recurring revenue making up a significant portion of total sales. In 2023, approximately 47% of the company's sales in the Vectron division were of a recurring nature, amounting to around EUR 13.2 million. This shift towards recurring revenue streams is expected to contribute to more stable and predictable earnings in the future.

Sales Contribution from Acardo

The acquisition of acardo has positively impacted Vectron Systems AG's financial performance. The sales and earnings contributions from acardo were included in the company's forecast, helping to drive the overall revenue growth and improve the EBITDA for the fiscal year 2023.

Future Outlook

Looking ahead, Vectron Systems AG plans to continue expanding its digital offerings, which are predominantly billed on a recurring basis. This strategic focus is expected to make a significant contribution to increasing and stabilizing the company's sales and earnings in the coming years, as stated by CEO and founder Thomas Stümmler.

Summarized from source with an LLMView Source

Key figures

125%1Y

18.1%3Y

-7.48%5Y

Performance

27.1%1Y

50.2%3Y

55.8%5Y

Volatility