Vectron Systems AG reported sales results for the fourth quarter and full year of 2019. For the quarter, the company generated sales of around EUR 7.9 million in the fourth quarter (Q4 2018: around EUR 5.6 million). The year-on-year decreases in sales that the company experienced during the course of the year were thus fully compensated by the closing quarter. The preliminary total annual sales in 2019 came to EUR 25.4 million, which is around 2% up on total annual sales in 2018.

The company provided revenue Guidance for the year 2020 and 2022. For the year 2020, the company aims to generate sales of at least EUR 50 million with an EBIT margin in the lower double-digit percentage range in financial year 2020.

In financial year 2022, the Company plans sales revenues of at least EUR 100 million and an EBIT margin in the medium double-digit percentage range.