Vectron Systems AG : Q1 19 results in line; POS fiscalization phase II to lift revenues from Q4; new digital businesses poised to make first contributions
>Q1 revenues -20% yoy on high comps; EBITDA at € -0.9m - Vectron’s Q1 2019 results were rather weak but in line with expectations. Group revenue decreased 20.7% yoy to €5.9m (Oddo BHFe: € 5.8m), still continuing to normalize after completion of the first POS fiscalization phase. With phase II starting from January 2020, we originally expected increasing revenues from POS updates/sales in H2 2019. According to management and recent industry newsflow, however, this effe...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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