STEMMER IMAGING AG publishes nine-month figures - increased profitability in the third quarter
DGAP-News: STEMMER IMAGING AG / Key word(s): Quarterly / Interim Statement
Puchheim, 13 May 2019
In the reporting period, STEMMER IMAGING continued to successfully integrate the acquired company, ELVITEC S.A.S., and completed this integration successfully. The French subsidiary has been consolidated for the first time since the start of the second quarter of 2018/2019. The growth strategy is working. Positive influences in the form of synergy effects such as purchasing advantages are clearly reflected in the development of the third quarter. For example, adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) increased to EUR 3.1 million from January to March 2019 compared to EUR 2.9 million in the same quarter of the previous year. Incoming orders in the third quarter of 2018/2019 amounted to EUR 28.8 million compared to EUR 28.4 million in the third quarter of the 2017/2018 financial year. As well as revenue, profit and incoming orders, the gross margin also increased to 37.4 per cent in the period from January 2019 to March 2019 after 36.7 per cent in the same quarter of the previous year.
"Our growth strategy is clearly working. After the short-term strain caused by the integration of our newest subsidiary, our earnings grew in the third quarter compared to the previous quarter and the corresponding quarter of the previous year, and our profitability improved considerably in terms of gross margin. With regard to the annual forecast, we are now better able to plan and are specifying our outlook," says Lars Böhrnsen, CFO of STEMMER IMAGING AG.
Due to the robust development of incoming orders, the successful integration of the subsidiary ELVITEC and the continued success of the expansion strategy, the Management Board is specifying the forecast for the current 2018/2019 financial year and expects a revenue volume of EUR 108 million to EUR 111 million and adjusted EBITDA of EUR 10.0 million to EUR 11.0 million.
STEMMER IMAGING AG's nine-month figures for 2018/2019 are available at https://www.stemmer-imaging.de/de/investor-relations/.
About STEMMER IMAGING
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.
|Company:||STEMMER IMAGING AG|
|Phone:||+49 (0)89 - 809020|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||810387|
|End of News||DGAP News Service|