EQS-News

STEMMER IMAGING achieves strong profitability despite challenging market environment

EQS-News: STEMMER IMAGING AG / Key word(s): Preliminary Results/Annual Results STEMMER IMAGING achieves strong profitability despite challenging market environment 28.02.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. Puchheim, February 28, 2024

STEMMER IMAGING achieves strong profitability despite challenging market environment

• Revenue decline in line with forecast by 5.8% to EUR 146.3 million (previous year: EUR 155.4 million)
• Record gross margin of 39.7% (previous year: 37.6%) based on strategic positioning
• EBITDA only slightly down at EUR 27.0 million despite one-off expenses (previous year: EUR 28.2 million)
• EBITDA margin at all-time high of 18.4% (previous year: 18.2%)

Puchheim, February 28, 2024 – STEMMER IMAGING AG (ISIN DE000A2G9MZ9 / GSIN A2G9MZ) today publishes its preliminary figures for the fiscal year 2023.

Despite challenging market conditions and the burden of one-time special effects for the further integration of the Spanish and Latin American subgroup in the amount of EUR 1.3 million, STEMMER IMAGING achieved a remarkable EBITDA of EUR 27.0 million in fiscal year 2023 (EBITDA adjusted: EUR 28.3 million, previous year: EUR 28.2 million).

According to the preliminary status of the audit, the Group generated revenue of EUR 146.3 million, which corresponds to a decline of 5.8% compared to the strong previous year (EUR 155.4 million). At EUR 27.0 million, the operating result (EBITDA) was only slightly down on the previous year (EUR 28.2 million). The main drivers of this earnings performance were the strong gross margin of 39.7% (previous year: 37.6%) and the alignment of capacities with the Company´s strategic direction. The EBITDA margin increased from 18.2% in the previous year to 18.4%. Adjusted for the one-off expenses for the integration of the Spanish and Latin American subgroup, EBITDA increased to EUR 28.3 million (EBITDA margin: 19.3%) and was therefore higher than in the previous year.