STEMMER IMAGING AG publishes provisional nine-month figures for 2017/2018: increasing growth momentum in the third quarter
Puchheim, 2nd May 2018 - STEMMER IMAGING AG (ISIN DE000A2G9MZ9 / WKN A2G9MZ) is publishing its provisional business figures for the first nine months of the 2017/2018 financial year today. Preliminary calculations show that the company generated an increase in adjusted operating earnings (EBITDA) of 35.0 per cent in the period from 1st July 2017 to 31st March 2018. With revenue growth of 15.7 per cent, STEMMER IMAGING again exceeded the market average in the first nine months of the current financial year, with another significant rise in momentum of 21.5 per cent in the third quarter. On an adjusted basis, the EBITDA margin increased from 9.5 per cent in the same period of the previous year to 11.1 per cent.
In the first nine months of the 2017/2018 financial year, STEMMER IMAGING AG achieved EBITDA of EUR 8.25 million on the basis of adjusted figures and thus exceeded the previous year's figure of EUR 6.11 million by 35.0 per cent. EBITDA was primarily adjusted for one-time costs totalling EUR 3.67 million; these costs mainly refer to the IPO. Consolidated revenue increased from EUR 64.4 million in the first nine months of 2016/2017 to EUR 74.5 million. The persistently high growth in the market environment for machine vision made a crucial contribution to this increase. Compared to the market as a whole, which is growing by around 10 per cent per year, STEMMER IMAGING AG has a much higher growth rate than the market average with a 15.7 per cent rise in revenue in the first nine months of the current financial year. In addition, the Group again increased its revenue growth at the end of the third quarter of 2017/2018 compared to the first half of 2017/2018 (H1 2017/2016: up 12.6 per cent).
In the third quarter, STEMMER IMAGING AG strengthened its position in the Benelux countries by acquiring the Dutch Data Vision in an asset deal effective 31st January 2018. According to preliminary calculations, Data Vision contributed EUR 1.1 million and EUR 0.14 million to revenue and EBITDA respectively in the third quarter of 2017/2018.
STEMMER IMAGING AG's full nine-month figures for 2017/2018 will be published on 23rd May 2018.
STEMMER IMAGING AG
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