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News for investors of the the Vectron Systems AG

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| Investors, Company

Vectron Systems AG takes over remaining shares of iPad POS system provider Posmatic

Vectron had already purchased 75 percent of shares of the successful POS startup in November 2016 and provided additional growth capital. Posmatic is the provider of a POS software app that runs on hardware of the Apple Company, e.g. Ipads, Ipods or Iphones. End customers usually buy the hardware themselves and pay monthly fees for using the software. This sales model is particularly popular with smaller companies that are often unable to finance traditional POS systems. After the startup has...

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Loyalty solution for the hospitality industry: DeutschlandCard and Vectron Systems sign cooperation agreement

After the Letter of Intent that was signed in August, the DeutschlandCard GmbH and Vectron Systems AG concluded a cooperation agreement today. This agreement provides for close cooperation with the aim of distributing the DeutschlandCard via Vectron POS systems to hospitality customers. The initial focus will be on collecting and redeeming points. With 20 million participants and numerous well-known partners like EDEKA, Netto Marken-Discount and Esso, DeutschlandCard is one...

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Vectron Systems AG publishes 9-month figures

As expected, sales at Vectron Systems AG continued to slow down in the third quarter. The reason for this is the decline in demand following the first phase of the fiscal conversion of POS solutions. This had led to a strong increase in demand in 2016 and 2017. The company expects that the legally prescribed phase 2 of the POS system fiscalisation will again lead to a significantly increased demand for POS systems from the second half of 2019 onwards. In line with the...

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Vectron Systems AG publishes 9-month figures

The company expects that the legally prescribed phase 2 of the POS system fiscalisation will again lead to a significantly increased demand for POS systems from the second half of 2019 onwards. In line with the assumptions for the transition year, sales in the first nine months of 2018 declined by 24.3% with K€ 19.220 compared to 2017 (K€ 25.406).   Vectron has been investing in the development of new digital business areas for years. In the period under review, one-time special expenses in the...

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Vectron Systems AG: Cooperation with Coca-Cola will continue

On August 31st 2018, Vectron Systems AG has announced a co-operation with Deutschlandcard GmbH regarding the joint development of a hospitality platform. This is to be based on the successful Deutschlandcard system. Following the publication of this announcement, some shareholders contacted the company and asked whether this cooperation had any influence on the ongoing partnership with Coca-Cola.   Coca-Cola and Vectron have found out after extensive tests that it is faster,...

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Vectron: Cooperation with Coca-Cola will continue

This is to be based on the successful Deutschlandcard system. Following the publication of this announcement, some shareholders contacted the company and asked whether this cooperation had any influence on the ongoing partnership with Coca-Cola.   Coca-Cola and Vectron have found out after extensive tests that it is faster, cheaper and much more promising to establish a customer loyalty system through a partnership with an already successful system than to completely rebuild it yourself. The...

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HOSPITALITY.digital and VECTRON start a joint fieldtest

*   More than 100 restaurateurs are to test the Duratec POS systems by Vectron free of charge *   The goal: To reduce the installation effort of new POS systems; support in the electronic archiving of POS data; development of new digital business models          HOSPITALITY.digital and Vectron are reacting with this cooperation to the requirements of the tax authorities, which will come into force with the stricter guidelines that will apply from 2020. As part of the METROpolitan Pilots...

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Vectron Systems AG: HOSPITALITY.digital and VECTRON start a joint fieldtest

HOSPITALITY.digital, the digital unit of METRO, and Vectron, leading supplier of POS systems in bakeries and restaurants, will start a joint pilot project in the Rhineland on 03 September 2018.     *   More than 100 restaurateurs are to test the Duratec POS systems by Vectron free of charge *   The goal: To reduce the installation effort of new POS systems; support in the electronic archiving of POS data; development of new digital business models     ...

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Vectron Systems AG: Half-year results in line with expectations

Münster, 31 August 2018 - Vectron Systems AG, leading solutions provider of POS systems in the catering trade, has published figures for the first half of 2018 (30.06.). Sales of POS systems are determined by the various phases of fiscal legislation relating to them. The first phase of these guidelines was the "Principles for the proper management and storage of books, records and documents in electronic form and for data access" (GoBD). These require individual recording of...

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Silvia Ostermann becomes COO of Vectron Systems AG

In order to drive forward the expansion and internationalization of the new digital business areas, Vectron Systems AG is strengthening the Executive Management Board with a third mandate. The Supervisory Board of Vectron Systems AG has appointed Silvia Ostermann as Chief Operating Officer with effect from 1 August 2018. This appointment adds a mandate to Oliver Kaltner (CEO) and Jens Reckendorf (CTO). Silvia Ostermann (52) has many years of management and operations...

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