STEMMER IMAGING publishes business figures for 2018/2019 - Group shows revenue growth despite current challenging market conditions
DGAP-News: STEMMER IMAGING AG / Key word(s): Half Year Results
Puchheim, 26 September 2019
With the acquisition of the French ELVITEC S.A.S., the investment in the Austrian Perception Park GmbH, the acquisition of the Spanish Infaimon S.L., and the establishment of a subsidiary in Bologna, Italy, STEMMER IMAGING is now present in all major European markets with its own offices and specialist personnel. Not only for this reason, incoming orders rose by 5.6% from EUR 106.9 million to EUR 112.9 million in fiscal 2018/2019.
"Business performance was satisfactory in light of the challenging market environment. We saw gratifying revenue growth by expanding our business regionally and augmenting our product range with pioneering technologies. We want to follow through on this positive development and continue to grow sustainably and profitably in the planned short 2019 financial year," says Arne Dehn, CEO of STEMMER IMAGING AG.
In order to simplify the reporting processes, a proposal will be put forward at the Annual General Meeting on 19 November 2019 to change the current STEMMER IMAGING financial year to the calendar year. If the Annual General Meeting approves the change, there will be a short financial year in the current second half of 2019 for the period from 1 July 2019 to 31 December 2019. The year 2020 would then be the first STEMMER IMAGING financial year corresponding to the calendar year.
For the planned short 2019 financial year, the Management Board expects revenue ranging between EUR 59.0 million and EUR 65.0 million and earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 5.5 to 7.1 million. This forecast includes an expected revenue contribution of EUR 8.5 to 9.5 million and a planned EBITDA contribution of EUR 1.1 to 1.3 million from the Infaimon S.L. subsidiary, consolidated from 1 July 2019. In the first half of 2018/2019, STEMMER IMAGING AG generated revenue of EUR 50.7 million and adjusted EBITDA of EUR 4.0 million.
The 2018/2019 Annual Report can be downloaded from the Investors section of www.stemmer-imaging.de.
STEMMER IMAGING is a leading international machine vision technology provider. With staff located across Europe, Latin America and Asia, we provide state-of-the-art machine vision solutions, extensive knowledge and outstanding customer service.
Our customers value us as a trusted advisor, positioned to deliver tailored solutions. These include components that we can pre-configure; sub-systems designed to reduce time and effort when integrating vertical applications; and customer-specific solutions delivering a competitive advantage to predominatly OEM's - all powered by our renowned knowledge and leading software tools including our own "Common Vision Blox"
VISION.RIGHT.NOW. symbolises our mission to make machine vision easy and accessible, empowering customers to deliver world-class solutions.
|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:||880373|
|End of News||DGAP News Service|