PRESS RELEASE
from Vectron Systems AG (isin : DE000A0KEXC7)
EQS-Adhoc: Vectron Systems AG: Vectron raises forecast for the current business year 2023
EQS-Ad-hoc: Vectron Systems AG / Key word(s): Change in Forecast
Vectron Systems AG: Vectron raises forecast for the current business year 2023
04-Oct-2023 / 14:59 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, October 04, 2023. Vectron Systems AG raises the planning for business year 2023 due to the positive business development. The company previously assumed an EBITDA in the range of EUR 1.3 to EUR 2.2 million. Now the estimate is increased to an EBITDA of EUR 2.2 million to EUR 3.2 million.
This positive result is attributable to both the new subsidiary acardo and Vectron. Although acardo is not expected to fully achieve its original EBITDA target (EUR 2.8 million) for 2023, the Vectron business performed better than expected due to significant increases in recurring revenues. The company will comment on the forecast for subsequent years at a later date.
IR Contact:
Meister Consulting GmbH
Tobias Meister
Im Schling 3
59955 Winterberg
phone: +49 (0) 2983 908121
mobile: +49 (0) 170 2939080
E-Mail: meister@meisterconsult.com
This positive result is attributable to both the new subsidiary acardo and Vectron. Although acardo is not expected to fully achieve its original EBITDA target (EUR 2.8 million) for 2023, the Vectron business performed better than expected due to significant increases in recurring revenues. The company will comment on the forecast for subsequent years at a later date.
IR Contact:
Meister Consulting GmbH
Tobias Meister
Im Schling 3
59955 Winterberg
phone: +49 (0) 2983 908121
mobile: +49 (0) 170 2939080
E-Mail: meister@meisterconsult.com
End of Inside Information
04-Oct-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: | info@vectron.de |
| 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: | 1741417 |
| End of Announcement | EQS News Service |
1741417 04-Oct-2023 CET/CEST