Vectron Systems AG announces strong performance in 2023 and achieves high forecasts

Vectron Systems AG (Vectron), a leading provider of intelligent point of sale (POS) systems and cloud services focused on the restaurant and bakery-pastry sectors, closed the 2023 fiscal year by reaching the high end of its own forecast. According to preliminary calculations based on the IFRS accounting method, Vectron saw its sales increase from 25.2 million euros in 2022 to 37.4 million euros in 2023. Significantly, the operating result (EBITDA) experienced a turnaround, going from -4.0 million euros in 2022 to a preliminary result of 3.0 million euros in 2023. This improvement includes contributions from acardo, a recent acquisition.

Thomas Stümmler, CEO and founder of Vectron, emphasized that 47% of the Vectron division's revenue came from recurring revenues, totaling approximately 13.2 million euros in 2023. Vectron plans to continue developing its digital offering, thus promoting growth and stabilization of sales and results through recurring billing.

With over 250,000 POS systems sold, Vectron asserts itself as one of the largest European suppliers in its field. The focus on digital and cloud-based services is expected to increase Vectron's importance in the restaurant and bakery-pastry sectors.