STEMMER IMAGING publishes provisional business figures: record in revenue and earnings in 2017/2018 financial year
Puchheim, 22 August 2018 - STEMMER IMAGING AG achieved another record year on the basis of the provisional figures. As such, adjusted EBITDA increased by 46.1 per cent to EUR 11.1 million in the 2017/2018 financial year (previous year: EUR 7.6 million). According to preliminary calculations, consolidated revenue climbed by 14.0 per cent to EUR 100.6 million in the reporting year (previous year: EUR 88.3 million).
STEMMER IMAGING AG (ISIN DE000A2G9MZ9/GSIN A2G9MZ) today published provisional business figures for the 2017/2018 year as a whole. In the period from 1 July 2017 to 30 June 2018, the Company generated an increase in adjusted operating earnings (EBITDA) of 46.1 per cent to EUR 11.1 million according to provisional calculations. The adjustments amounting to EUR 4.7 million related mainly to non-recurring expenses in connection with the IPO. Revenue climbed by 14.0 per cent to EUR 100.6 million, thereby lifting the EBITDA margin to 11.0 per cent (previous year: 8.6 per cent). The Company has thus achieved its targets at the top end of its guidance.
"We are pleased that we delivered in terms of our guidance and the figures. The consistently high demand for our machine vision solutions from all industries and regions is particularly gratifying. We will gladly take the tailwind from the previous financial year with us for the current one," remarked Lars Böhrnsen, CFO of STEMMER IMAGING AG.
The figures announced in this press release should be treated as preliminary in nature and are subject to an audit. The final figures for financial year 2017/2018 and an outlook for the current 2018/2019 financial year will be published by STEMMER IMAGING AG on 24 October 2018 with the 2017/2018 Annual Report.
About STEMMER IMAGING
STEMMER IMAGING is one of Europe's leading machine vision technology providers for science and industry. With a perfect combination of innovative products, expert advice and comprehensive service, STEMMER IMAGING helps clients solve their machine vision tasks securely with speed and ease. Experienced specialists can be contacted easily and are available to provide advice locally in 19 European countries.
Clients of STEMMER IMAGING benefit from the combination of an exceptionally wide variety of products from the world's leading manufacturers (e.g. cameras, lenses, illumination products, machine vision systems, software). Expert know-how gathered over many years help customers define the optimum, most cost-effective combination of components. The company attaches particular importance to the provision of solution-oriented services, including feasibility studies, development services, training and customer-focused support.
STEMMER IMAGING AG
82178 Puchheim, Germany
Tel.: +49 89 80902165
22.08.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de