Vectron Systems AG : H1 2019 still driven by normalization of demand for POS systems after regulation-driven surge
>Group revenue down 14% yoy - Vectron reported rather weak H1 2019 results on 30 August, but roughly in line with our estimates. As expected, in view of the final introduction of the new legal requirements for data security in cash registers taking effect on 01 January 2020, demand for Vectron’s POS systems remains subdued. Accordingly, H1 2019 group revenue contracted from € 13.9m in H1 2018 to € 12.0m, in line with our estimate of € 11.7m, although H1 2019 EBITDA wa...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.
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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