Vectron Systems AG: Vectron benefits from acardo takeover

EQS-News: Vectron Systems AG / Key word(s): Half Year Results
Vectron Systems AG: Vectron benefits from acardo takeover
10.08.2023 / 17:53 CET/CEST
The issuer is solely responsible for the content of this announcement.

Münster, 10 August 2023: Vectron Systems AG (Vectron), a leading provider of intelligent POS systems and cloud services, with a focus on hospitality and bakery sectors, has determined preliminary results for the first half of 2023 according to IFRS standards. For the first time, these results consolidate acardo group, acquired per January 1st 2023.

Last year, Vectron (stand alone) reported H1 net sales of EUR 12,8m., whereas H1 2023 net sales, now including acardo group, add up to EUR 18,5m, thus representing an increase of 47 percent. The acquisition of acardo group also accounts for now positive half year operating results with an EBITDA of EUR 1,7m. Vectron’s stand- alone EBITDA per H1 2022 was negative at a level of EUR -0,5m.

Whilst positive H1 2023 EBITDA was, as expected, predominantly contributed by acardo, even Vectron’s core business contributed favourably with EUR 0,3m, basically achieved by continued growth of recurring revenues, which increased by 21% compared to H1 2022, now at a level of EUR 6,2 m (H1 2022: EUR 5,1m).

The company expects this growth trend to continue.



About Vectron Systems AG:

With more than 250,000 POS systems sold to date, the listed Vectron Systems AG is one of the largest European suppliers of POS solutions. Building on this, the area of apps integrated into the POS systems as well as digital and cloud-based services is becoming increasingly important in the catering and bakery sectors. The spectrum of solutions ranges from loyalty and payment functions to omni-channel ordering, online reservations and online reporting.

In the retail segment, the wholly owned subsidiary acardo AG is one of the leading providers of consumer activation tools, such as coupons, cashback solutions and consumer apps in Germany. These are currently used in more than 30,000 shops, consisting of grocery shops, drugstores, cinemas and pharmacies. acardo offers its customers a full service, from conception and technical implementation to coupon clearing. Customers include the largest companies in their respective industries, such as EDEKA, Müller, Nestlé, Unilever, Kellogg's, Krombacher, Coca-Cola, PEPSI, Beiersdorf, Hexal, CinemaxX, Cineplex, Universal and Warner Bros.




Vectron Systems AG

Willy-Brandt-Weg 41

48155 Münster, Germany



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10.08.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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