14.02.2023 Vectron Systems AG  DE000A0KEXC7

EQS-Adhoc: Vectron Systems AG: Vectron presents preliminary figures 2022


 

EQS-Ad-hoc: Vectron Systems AG / Key word(s): Preliminary Results
Vectron Systems AG: Vectron presents preliminary figures 2022

14-Feb-2023 / 16:09 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Münster, 14 February 2023: According to preliminary calculations, Vectron Systems AG (Vectron) closed the business year 2022 according to the accounting method IFRS with a decline in sales to EUR 25.2 million (2021: EUR 38.2 million), as already announced. At the same time, EBITDA deteriorated to EUR -4.0 million (2021: EUR 4.7 million). This result includes one-off restructuring charges of EUR 1.5 million. Without this one-off expense, EBITDA would have been EUR -2.5 million. 

The decline in turnover was mainly due to the fact that in the past financial year 2022 the extraordinarily strong demand resulting from the legally required fiscalisation of the health insurance funds in 2021 ceased to exist. In addition to this effect, the reluctance to buy due to economic concerns then made itself felt throughout the industry.

In contrast, the monthly recurring revenues (MRR) developed very positively. These increased by 37 per cent in the full year 2022 compared to the previous year 2021, from EUR 6.6 million to EUR 8.9 million.

In addition to the significant decline in turnover, the result was also burdened by one-off expenses resulting from the "Fit for Future" cost-cutting programme. The restructuring costs incurred, primarily for severance payments, in the amount of EUR 1.5 million, were booked to the past financial year 2022. By outsourcing hardware production steps and consistent process optimisations, the company expects monthly savings of about EUR 250,000 in the future. This effect will be noticeably reflected in Vectron's figures from the second half of 2023.

In addition, Vectron will benefit from the acquisition of acardo group AG (acardo) in the current business year. The couponing specialist will be fully consolidated at Vectron Systems AG since January 2023. Currently the company from Dortmund is working on the necessary adjustments for the supplies to an IFRS group reporting, so that from the 1st quarter 2023 provisionally consolidated figures according to IFRS should be presented. According to HGB accounting, acardo's management is planning sales of around EUR 12.5 million and EBITDA of around EUR 2.8 million in 2023. 

Due to the cost reduction programme "Fit for Future" and the takeover of the profitable acardo business, Vectron plans to achieve a sustainable positive result again from the full year 2023.


Contact:
External IR service provider:

Meister Consulting GmbH
Tobias Meister
Im Schling 3
59955 Winterberg
phone: +49 (2983) 90 81 21
fax: +49 (2983) 90 81 23
E-Mail: [email protected]

14-Feb-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Vectron Systems AG
Willy-Brandt-Weg 41
48155 Münster
Germany
Phone: 0251/ 28 56 - 0
Fax: 0251/ 28 56 - 564
E-mail: [email protected]
Internet: www.vectron.de
ISIN: DE000A0KEXC7
WKN: A0KEXC
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1559703

 
End of Announcement EQS News Service

1559703  14-Feb-2023 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 32,38 24,83 25,17 27,77 38,23 25,22 37,02
EBITDA1,2 2,25 -0,45 -1,37 -2,19 4,71 -3,86 3,72
EBITDA-Marge3 6,95 -1,81 -5,44 -7,89 12,32 -15,31
EBIT1,4 1,74 -2,13 -1,76 -2,58 3,12 -5,36 0,00
EBIT-Marge5 5,37 -8,58 -6,99 -9,29 8,16 -21,25 0,00
Jahresüberschuss1 1,08 -3,88 -1,39 -2,07 2,44 -5,27 -0,78
Netto-Marge6 3,34 -15,63 -5,52 -7,45 6,38 -20,90 -2,11
Cashflow1,7 -1,46 -2,32 -2,51 -3,77 10,18 -2,05 7,20
Ergebnis je Aktie8 0,16 -0,58 -0,17 -0,26 0,30 -0,65 -0,10
Dividende8 0,05 0,00 0,00 0,00 0,00 0,00 0,25
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2023 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Nexia

INVESTOR-INFORMATIONEN
©boersengefluester.de
Vectron Systems
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0KEXC 9,400 Kaufen 75,73
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
34,81 30,41 1,12 -142,42
KBV KCV KUV EV/EBITDA
3,83 10,52 2,05 19,32
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 19.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
17.05.2024 02.09.2024 13.05.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
20,95% 52,13% 63,19% 141,03%
    
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Computer/Hardware , A0KEXC , V3S , XETR:V3S