Vectron Systems - Evolving the business model
Vectron saw a continuation of the weak demand environment for its point-of-sale (POS) solutions in H119, although revenues have improved every quarter since the trough in Q318 and management expects regulatory tailwinds to boost demand from Q4. More digital services partnerships were signed in H1 and the company launched a bundled POS system/digital services offering in June as part of its plan to shift to a digital business model and build a base of recurring revenues.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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