Vectron Systems AG: Vectron with further cost reductions
Vectron Systems AG / Key word(s): Profit Warning Münster, 14.11.2022 Against the background of continuing great uncertainties, especially in the target industries gastronomy and bakeries, the Board of Management of Vectron Systems AG decided today to use further savings potentials in order to noticeably reduce monthly costs in the future. The resulting one-time burdens, e.g. provisions and depreciations, will mainly occur in this business year. As a result of this and a possibly weaker than expected turnover development, the previous profit expectations for the current financial year will probably have to be reduced. The company sees this as necessary steps to be able to work profitably again in the coming financial year despite a continuing challenging environment. Contact: External IR service provider: Meister Consulting GmbH Im Schling 3 59955 Winterberg phone: +49 (2983) 90 81 21 fax: +49 (2983) 90 81 23 E-Mail: meister@meisterconsult.com 14-Nov-2022 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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: | 1487219 |
| End of Announcement | EQS News Service |