Image processing
Stemmer Imaging grows despite difficult market environment
Machine vision provider Stemmer Imaging has announced its figures for the 2018/2019 financial year and, according to CEO Arne Dehn, can look back on a successful performance overall in the reporting period.
In the period from July 1, 2018 to June 30, 2019, the Group generated an increase in sales of 8.3% from EUR 100.6 million to EUR 109 million. This is mainly due to regional diversification and growth in new end markets such as Sports & Entertainment and Medical. Earnings before interest, taxes, depreciation and amortization (EBITDA) adjusted for one-off costs, in particular for the conversion to International Financial Reporting Standards (IFRS), the change to the Prime Standard of the Frankfurt Stock Exchange in May 2019 and costs in connection with acquisitions, amounted to € 10 million compared to € 10.6 million in the previous year.
Stemmer Imaging has thus achieved its revenue forecast (EUR 108 to 111 million) and profit forecast (adjusted EBITDA of EUR 10 to 12.2 million). According to the company, the strong fourth quarter of 2018/2019 with pleasing growth in sales and incoming orders provides a solid basis for further development in the planned short financial year 2019.
In order to simplify the annual financial statement processes, a proposal will be made at the Annual General Meeting on November 19, 2019 to change the previous Stemmer Imaging financial year to the calendar year. If the shareholders' meeting approves the change, there will be a short financial year in the current second half of 2019 for the period from July 1, 2019 to December 31, 2019. 2020 would then be the Group's first financial year that corresponds to the calendar year.
For the planned short financial year 2019, the Management Board expects sales in the range of EUR 59 million to EUR 65 million and earnings before interest, taxes, depreciation and amortization (EBITDA) of EUR 5.5 million to EUR 7.1 million.
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