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V3S - Vectron Systems AG News Story

€13.22 0.1  0.5%

Last Trade - 7:45am

Sector
Technology
Size
Small Cap
Market Cap £91.1m
Enterprise Value £84.0m
Revenue £23.8m
Position in Universe 749th / 1046

BRIEF-Vectron Systems 2019 Sales Of Around EUR 25.4 Million, Up 2%

Fri 17th January, 2020 6:07am
Jan 17 (Reuters) - Vectron Systems AG  V3SG.DE :
    * STRONG CLOSING QUARTER 2019
    * PRELIMINARY TOTAL ANNUAL SALES IN 2019 CAME TO EUR 25.4
MILLION,
WHICH IS AROUND TWO PERCENT UP ON TOTAL ANNUAL SALES IN 2018.
    * SALES OF AROUND EUR 7.9 MILLION IN Q4 (Q4 2018: AROUND EUR
5.6
MILLION)
    * 2019 EBITDA WILL INCREASE CONSIDERABLY COMPARED WITH
FIGURES FOR
FIRST NINE MONTHS OF 2019
    * VECTRON AIMS TO GENERATE SALES OF AT LEAST EUR 50 MILLION
WITH
AN EBIT MARGIN IN LOWER DOUBLE-DIGIT PERCENTAGE RANGE IN
FINANCIAL YEAR 2020
    * IN FINANCIAL YEAR 2022, COMPANY PLANS SALES REVENUES OF AT
LEAST
EUR 100 MILLION AND AN EBIT MARGIN IN MEDIUM DOUBLE-DIGIT
PERCENTAGE RANGE

Source text for Eikon:  ID:nEQ7wsFBHa 
Further company coverage:  V3SG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))
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