Investors News

News for investors of the the Vectron Systems AG

11/28/2018 | Investors

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…

09/03/2018 | News EN, Investors

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,…

09/03/2018 | Investors

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…

08/31/2018 | Investors

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…

08/31/2018 | News EN, Investors

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 …

08/31/2018 | News EN, Investors

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…

04/25/2018 | News EN, Investors

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…

04/20/2018 | Investors

Vectron Systems AG: Quarter result – slight sales increase compared to Q4/2017

The company expects in 2018 an ongoing restrained demand, but the market will show a significant increase in demand in 2019 at the latest because on 01.01.2020 the act on protection against manipulation of digital basic records and the cash security ordinance come into effect. In contrast to the present regulation these legislations are combined with the threat of high fines. The use of a technical security device in all cash registers is prescribed from this date onwards. According to own…

04/05/2018 | News EN, Investors

Vectron Systems AG: Strategic realignment accompanied by CI change

The strategic realignment of Vectron Systems AG from a POS system manufacturer to a full-size system solution provider will be further accelerated in the coming months. The medium-sized company offers hardware, software and cloud-based services, which are developed at the company headquarters in Münster and sold internationally. The aim of the company's strategy, which is designed for significant growth, is to be the leading solution provider in the digital transformation of the…

04/05/2018 | Investors

Vectron Systems AG: EUR 10.0 million loan from DZ BANK

It serves to finance projects within the framework of the growth-oriented digital transformation strategy and investments in software, IT and cloud-based services planned in this connection. Digital complete solutions integrated in Vectron POS systems are to help advance the necessary digital transformation for restaurateurs and develop Vectron into the leading online platform for the out-of-home market. The loan agreement was signed on 5 April 2018 and will run until December 2020. Oliver…