STEMMER IMAGING AG publishes provisional nine-month figures for 2017/2018: increasing growth momentum in the third quarter
Inside information acc. to Article 17 MAR
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Puchheim, 2nd May 2018 | 11:37 - 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.
This announcement does not contain or constitute an offer to sell nor a solicitation to buy or subscribe for securities. The securities in the Company have already been sold. It is no longer possible to subscribe for STEMMER IMAGING AG shares via this offer. The offer in Germany was made exclusively on the basis of the published securities prospectus deposited with the Federal Financial Supervisory Authority (BaFin). Copies of such prospectus were available free of charge at the offices at STEMMER IMAGING AG, Gutenbergstrasse 9-13 | 82178 Puchheim, Landkreis Fürstenfeldbruck, Germany, as well as, for viewing in electronic form, on the websites of the Frankfurt Stock Exchange and STEMMER IMAGING AG in the Investor Relations section.
This announcement is not an offer of securities for sale in the United States of America (the “United States”). Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Any public offering of securities to be made in the United States would be made by means of a prospectus that could be obtained from the Company and that would contain detailed information about the Company and its management, as well as the financial statements of the Company. There will be no public offer of the securities in the United States.
In the United Kingdom, this information is directed at and/or for distribution only to (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), or (ii) high net worth companies falling within article 49(2)(a) to (d) of the Order (all such persons are collectively referred to herein as “relevant persons”). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this information or any of its contents.
Subject to certain exceptions under the Securities Act, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan.
Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," or, in each case, the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with our industry, as well as many other risks specifically related to the Company and its operations.