Vectron Systems AG: Vectron publishes target figures for the current business year 2022

Vectron Systems AG / Key word(s): Forecast
Vectron Systems AG: Vectron publishes target figures for the current business year 2022
01-March-2022 / 11:19 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Münster, March 1st, 2022: As of March 20th 2022, German Federal Government will terminate most Covid-related restrictions. Against this background, the Management Board of Vectron Systems AG has now set the planning for the current business year. Whilst in Q1 2022 the effects of the Corona measures led to a certain reluctance to invest, especially in the hospitality sectors, the company expects an overall return to normality from the 2nd quarter onwards.
Despite negative Corona-related effects in Q1 and the simultaneously expiring fiscalisation-effects, Vectron expects continued strong growth in recurring revenues from digital services. Here, sales according to IFRS are expected to increase from EUR 6.5 million in 2021 to EUR 9.8 million in 2022.
For the business year 2022, the company expects total sales of EUR 33 million to EUR 36 million with an EBITDA range between EUR 1.9 million and EUR 3.4 million according to IFRS accounting. Preliminary results 2021 (IFRS) show total sales of EUR 38.2 million and an EBITDA of EUR 4.7 million.
 
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01-March-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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