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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 Q3 EBITDA Loss Turns To Profit Of EUR 0.2 Million

Fri 23rd October, 2020 10:02am
Oct 23 (Reuters) - Vectron Systems AG  V3SG.DE :
    * SIGNIFICANT IMPROVEMENT IN SALES AND EARNINGS DESPITE
RESTRICTIONS DUE TO CORONA PANDEMIC IN Q3 OF 2020
    * POSITIVE EFFECTS EXPECTED BY 2022 FROM CASH REGISTER
CONVERSIONS
    * FORECAST CONFIRMED ONCE AGAIN
    * EBITDA OF EUR 180 THOUSAND (Q3 2019: EUR -565 THOUSAND)
WAS
GENERATED IN QUARTER
    * INCREASED SALES IN Q3 OF 2020 BY 38.8 PERCENT TO EUR 7.6
MILLION
COMPARED TO SAME PERIOD OF PREVIOUS YEAR
    * ALSO ADHERES TO MEDIUM-TERM FORECAST ISSUED IN AUGUST

Source text for Eikon:  ID:nEQ20BspZa 
Further company coverage:  V3SG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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