Vectron Systems AG: Strong growth continues in first quarter 2017

In the first quarter 2017 the positive trend continued unabatedly. The sales according to BilRUG (German law on implementation of the directive 2013/34/EU) increased in the first three months by 40 % compared to the previous year from EUR 7.57m to EUR 10.62m. Vectron Systems AG still profited from the special economic activity caused by the new ECR guideline, which rules that all the POS systems in Germany have to be equipped with a tamper protection by 1 January 2020.  

The gross margin increased by 2.7 percentage points to 57.5 %. The EBITDA increased by 155 % to EUR 1.97m (previous year EUR 0.77m); the EBIT increased by 190 % from EUR 0.64m to EUR 1.84m and the EBT could even be increased by 231 % to EUR 1.83m (previous year EUR 0.55m).  Net profits grew by 189 % from EUR 0.42m to EUR 1.20m. Cash holdings increased by 44 % to EUR 12.28m. The company assumes that the positive trend will continue in the next months as the ECR guideline is expected to boost domestic sales even further. The second brand Duratec also shows a positive development. The sales of EUR 0.57m more than tripled compared to the previous year (EUR 0.17m).

Contact:

Thomas Stümmler

Vectron Systems AG

Willy-Brandt-Weg 41

48155 Münster, Germany

phone +49 (0)251 2856 - 0

fax +49 (0)251 2856 - 564

www.vectron.de

ir@vectron.de