Vectron Systems AG: Vectron with further cost reductions

EQS-Ad-hoc: Vectron Systems AG / Key word(s): Profit Warning Vectron Systems AG: Vectron with further cost reductions 14-Nov-2022 / 15:51 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Münster, 14.11.2022 Against the background of continuing great uncertainties, especially in the target industries gastronomy and bakeries, the Board of Management of Vectron Systems AG decided today to use further savings potentials in order to noticeably reduce monthly costs in the future. The resulting one-time burdens, e.g. provisions and depreciations, will mainly occur in this business year. As a result of this and a possibly weaker than expected turnover development, the previous profit expectations for the current financial year will probably have to be reduced. The company sees this as necessary steps to be able to work profitably again in the coming financial year despite a continuing challenging environment. Contact: External IR service provider: Meister Consulting GmbH Im Schling 3 59955 Winterberg phone: [phone] fax: [phone] E-Mail: [e-mail] 14-Nov-2022 CET/CEST 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:	[e-mail]
Internet:	www.vectron.de
ISIN:	DE000A0KEXC7
WKN:	A0KEXC
Indices:	Scale 30
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1487219

End of Announcement	EQS News Service

1487219  14-Nov-2022 CET/CEST