Report

Vectron Systems AG : CEO’s departure could delay digital transformation process – TP lowered to € 25.00 (€ 34.00)

>Oliver Kaltner’s departure could delay innovation process - Vectron recently announced the termination of its employment contract with CEO Oliver Kaltner by mutual agreement, highlighting differences of opinion on the implementation of the company’s growth strategy. Co-founder and supervisory board member Thomas Stümmler has been re-appointed to the management board with immediate effect. Although we previously argued that Oliver Kaltner was a good fit for the transf...
Underlying
Vectron Systems AG

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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Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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