24.04.2018
STEMMER IMAGING AG DE000A2G9MZ9
DGAP-News: STEMMER IMAGING AG: best half-year results in the company's history
DGAP-News: STEMMER IMAGING AG / Key word(s): Half Year Results
STEMMER IMAGING AG: best half-year results in the company's history
24.04.2018 / 11:01
The issuer is solely responsible for the content of this announcement.
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STEMMER IMAGING AG: best half-year results in the company's history
Puchheim, 24th April 2018 - STEMMER IMAGING AG (ISIN DE000A2G9MZ9/WKN
A2G9MZ) is releasing its 2017/2018 half-year financial report today. In the
period from 1st July to 31st December 2017, the company generated the best
six-month results in the company's history. The positive business
performance was driven both by a persistently dynamic market environment in
the machine vision industry and by the broad customer base in numerous
application areas and industries.
Revenue climbed by 12.6 per cent to EUR 47.37 million after EUR 42.07
million in the first half of 2016/2017. The revenue increase was due in
particular to the sales markets of Germany and the Benelux region. Gross
profit increased by a considerable 17.7 per cent to EUR 17.38 million
compared to EUR 14.77 million in the same period of the previous year.
Besides an improved materials ratio, the increased gross margin is also due
to the rise in the proportion of proprietary, higher-margin products
(especially software and services) to 11.1 per cent (previous year: 10.7 per
cent). The generally positive business performance was driven both by a
persistently dynamic market environment in the machine vision industry and
by the broad customer base in numerous application areas and industries.
EBITDA likewise developed very positively, with substantial double-digit
growth of 36.2 per cent in the half-year under review. EBITDA thus grew at a
faster rate than revenue, from EUR 3.34 million in the previous year to EUR
4.55 million in the half-year under review. The EBITDA margin accordingly
improved from 7.9 per cent to 9.6 per cent. Consolidated operating earnings
(EBIT) increased to EUR 3.66 million after EUR 2.53 million in the first
half of the previous year. The EBIT margin therefore rose from 6.0 per cent
in the previous year to 7.7 per cent. Including income tax expenses of EUR
1.12 million (previous year: EUR 0.75 million), the first half of 2017/2018
ended with consolidated net income of EUR 2.53 million compared to EUR 1.70
million.
The equity ratio was a robust 55.2 per cent as of 31st December 2017.
Operating cash flow increased from EUR 1.21 million in the previous year to
EUR 2.20 million. Financially, the Group is in a good position with an
improved operating cash flow and a strong equity ratio. Due to the IPO in
the third quarter of 2017/2018, cash and cash equivalents and the equity
ratio have increased substantially since the half-year under review.
"The issue proceeds have now put us in a position to make further
acquisitions, to accelerate our growth and to strengthen our market
position. We are seeking sustainable growth both through acquisitions and
organically. In order to lay the foundation for further organic growth, we
will reinforce our sales team, expand our product portfolio and enhance our
capabilities in the field of new applications and application areas. The
focus here is firstly on enhancing the Group's own imaging software 'Common
Vision Blox' and secondly on concluding cooperations and acquisitions in
this area," says Lars Böhrnsen, CFO of STEMMER IMAGING AG.
STEMMER IMAGING AG is seeing strong and better-than-expected business
development this year. The Group's incoming orders rose by EUR 7.62 million
or 16.8 per cent to a total of EUR 52.88 million in the first half of
2017/2018. The global machine vision market is developing dynamically and is
seeing annual growth rates in double digits. The countless applications of
industrial camera technology and machine vision solutions provide STEMMER
IMAGING AG with significant opportunities for growth. Based on an excellent
order basis, an extremely competitive product portfolio and a high capacity
for innovation, STEMMER IMAGING is confident of continuing on its growth
trajectory with increasing profitability and significantly expanding on its
market position. Specifically, the Management Board expects revenue of
between EUR 97 and 100 million and a double-digit EBITDA margin in the
current 2017/2018 financial year - provided the positive market impetus and
the good order situation continue in the second half of the year.
In order to adjust the reporting to the increasing internationalisation of
the Group, STEMMER IMAGING AG, which currently still reports according to
the German Commercial Code (HGB), plans to switch to financial reporting
according to International Financial Reporting Standards (IFRS). In
addition, future accounting on an IFRS basis is likely to result in greater
transparency and better comparability.
STEMMER IMAGING AG's half-year financial report as of 31st December 2017 can
be downloaded from https://www.stemmer-imaging.de/de/investor-relations/.
For interested investors and media representatives, STEMMER IMAGING AG will
hold a telephone conference today, 24th April 2018, at 16:00. To register,
please send an e-mail to [email protected].
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.
Contact:
STEMMER IMAGING AG
Astrid Sommerkamp
Marcom & Events Group Manager
Phone: +49 (0)89 80902-221
Email: [email protected]
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24.04.2018 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.
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Financial/Corporate News and Press Releases.
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Language: English
Company: STEMMER IMAGING AG
Gutenbergstr. 9-13
82178 Puchheim
Germany
Phone: +49 (0)89 - 809020
E-mail: [email protected]
Internet: www.stemmer-imaging.com
ISIN: DE000A2G9MZ9
WKN: A2G9MZ
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Scale), Hamburg, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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