Vectron accelerates business model restructuring / Results 2024 / Personnel changes

EQS-News: Vectron Systems AG / Key word(s): Preliminary Results/Personnel Vectron accelerates business model restructuring / Results 2024 / Personnel changes 20.02.2025 / 16:47 CET/CEST The issuer is solely responsible for the content of this announcement. According to preliminary calculations, Vectron Systems AG (Vectron), a leading provider of intelligent POS systems and cloud services with a focus on the hospitality and bakery industries, closed the past financial year 2024 in accordance with the local GAAP (HGB) and considering its 100% stake in acardo group AG, Dortmund, with cumulated sales of EUR 42 million and an operating result (EBITDA) of EUR -0.7 million. In Vectron's core business, the share of recurring revenues continued to increase and now exceeds 50%, while one-off revenues are also declining in absolute terms. Following the completion of the delisting from the Frankfurt Stock Exchange (Scale Segment) as per September 30th, 2024, the Management Board had decided to discontinue IFRS-reporting and henceforth to limit itself to local GAAP (HGB standard). Against that background, no comparative figures for previous year are provided. In December 2024, an attractive product bundle consisting of POS systems and digital services from Vectron as well as Shift4's payment processing services was launched in cooperation with strategic partner and major shareholder Shift4. As of November 30th, 2024, two out of three Supervisory Board members, Andreas Prenner (Deputy Chairman) and Jürgen Gallmann, have resigned. Upon recommendation of the Management Board, the Local Court of Münster appointed two members of Shift4 Group’s Executive Board, Jordan Frankel (Group Legal Counsel) and Luke Thomas (Chief Strategy Officer), as new members of the Supervisory Board with effect from December 1st, 2024. They are up for re-election or confirmation by the Annual General Meeting scheduled on July 2nd, 2025. Prof. Dr. Dr. Claudius Schikora will remain on the Supervisory Board as Chairman and as independent member. At its ordinary meeting on 18.12.2024, the Supervisory Board elected Jordan Frankel, who accepted this election, as the new Deputy Chairman. The Supervisory Board thus not only reflects the approximate shareholding quota of Shift4, but also a competence profile that is appropriate to the market, supervisory and advisory requirements. With effect from December 31st, 2024, Christoph Thye has resigned from Vectron’s Management Board in agreement with the Supervisory Board. From now on, he will fully concentrate on his role as CEO of acardo group AG and, as such, will remain part of Vectron Group for this important business unit. The conclusion of a domination and profit and loss transfer agreement between Shift4 and Vectron, which has already been announced on several occasions, is in preparation. About Vectron Systems AG: With more than 250,000 POS systems sold to date, Vectron Systems AG is one of the largest European providers of POS solutions. Building on this, the area of apps integrated into the cash registers as well as digital and cloud-based services is becoming increasingly important in the hospitality and bakery industries. The range of solutions comprises loyalty and payment functions as well as omni-channel ordering, online reservations and online reporting. In the food and non-food retail segment, 100 percent subsidiary acardo AG is one of the leading providers of consumer activation tools such as coupons, cashback solutions and consumer apps in Germany. These are now used in more than 30,000 points of sale, consisting of groceries, drugstores, cinemas and pharmacies. acardo offers a full service, from conception to technical implementation and coupon clearing. Its customers include the largest companies in the respective industry, e.g. EDEKA, Müller, Nestlé, Unilever , Kellogg ́s, Krombacher, Coca-Cola , PEPSI, Beiersdorf , Hexal, CinemaxX, Cineplex, Universal and Warner Bros. In June 2024, the majority of shares in Vectron Systems AG were acquired by Shift4. The New York-listed US company with more than USD 2.5 billion in sales (2023) is a leading provider of software and payment processing solutions. Shift4 serves merchants of all sizes across a wide range of industries, from small owner-managed local businesses to multinational corporations. The latter can be served seamlessly in the USA and Europe in the future as a result of combining both businesses. Contact: Meister Consulting GmbH Tobias Meister Im Schling 3 59955 Winterberg phone: +49 (0) 2983 908121 mob: +49 (0) 170 2939080 E-Mail: meister@meisterconsult.com 20.02.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. The issuer is solely responsible for the content of this announcement. 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 Dusseldorf, Hamburg, Stuttgart
EQS News ID:	2089361

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