Brief: Vectron Systems 2019 Sales Of Around EUR 25.4 Million, Up 2%

Vectron Systems AG

17/01/2020 06:07

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;))