Vectron Systems (V3S)

Business description

Vectron Systems produces high-end, proprietary POS systems for the hospitality sector. Vectron is also diversifying into providing systems, designed for online marketing services, which has been given impetus recently through a partnership with Coca-Cola.

Stock data

Market cap.€146.1m
Last close€22.10
High / Low (52 weeks)€39.2 / €19.2
Stock market listingDB
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamTechnology
SectorTechnology

Price performance

%1m3m12m
Actual(2.4)(9.6)(6.9)
Relative *(6.6)(3.2)(6.6)

* % Relative to local index

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Company news

Investment summary

Vectron Systems continues to benefit from regulatory tailwinds, achieving revenue growth of 26% in H117 after the 30% growth reported in FY16. This translated to operating margin expansion of 6.7 percentage points year-on-year to 14.9%. The company expects the new GetHappy app to be launched in FY18; this has the potential to provide significant upside to Vectron’s earnings. We do not believe that this is currently factored into consensus forecasts although the share price reflects some level of success for GetHappy in our view.

Last updated on 08/09/2017

Key management

Thomas Stuemmler, CEO

Company address

Willy-Brandt-Weg 41
Muenster
48155
Germany
+49-251-28560
View website