Vectron Systems produces high-end, proprietary POS systems for the hospitality sector. It is diversifying into providing systems designed for online marketing services, which has been given impetus recently through partnerships with DeutschlandCard and Metro.More Vectron Systems content >
Vectron’s H121 results benefited from an uptick in revenue in Q221 as COVID-19 pressures abated and customers sought to comply with German regulations for point of sale (POS) systems. Its 66% growth in revenue year-on-year resulted in a significant improvement in EBITDA profitability over the same period. To counter the unpredictability of POS system sales and exploit the growing trend for online transactions, Vectron has developed digital services to supplement its hardware. The ongoing adoption of these services will be key to driving recurring revenue and share price upside.