Vectron Systems - Digital services partnerships on track
Although a slowdown in demand for Vectron’s traditional point-of-sale (POS) systems had a negative effect on revenue growth and profitability in FY18, the company has made good progress in extending its offering into the digital domain. By supporting Vectron POS owners to offer loyalty and online services, partnerships with DeutschlandCard (DC) and Metro promise to deliver recurring revenues once the schemes are launched.Vectron Systems AG is a Germany-based company that focuses on the production and sale of both mobile and stationary point of sale (POS) systems and communication software for hotels, bakeries and restaurants. The Company operates through three segments: POS Systems, Software and Merchandise and Accessories. The POS Systems segment provides a combination of hard and software solutions in form of POS systems. The Software segment offers computer-based POS and back office software and other licenses. The Merchandise and Accessories segment provides POS system-related accessories, such as printers and barcode scanners, as well as merchandise products. The Company markets its product through a network of distributors.
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