EQS-News

STEMMER IMAGING achieves strong profitability despite challenging market environment - Seite 2

Therefore, revenues and earnings fall within the forecasted revenue range of EUR 144-151 million, which was adjusted in October 2023, and within the EBITDA range of EUR 26-32 million anticipated at the beginning of 2023. Accordingly, the EBITDA margin is already within the medium-term guidance raised in November 2023 of 17% to 21%.

The positive revenue and earnings performance of the first half of 2023 could not be continued in the following two quarters. After closing the third quarter at the strong level of the previous year in terms of revenue and earnings, STEMMER IMAGING was unable to repeat the exceptionally good results of the same quarter of the previous year in the fourth quarter despite another record gross margin of 41.3% and a strong EBITDA margin of 21.2%. This is mainly due to the current macroeconomic development and a temporary decline in incoming orders and revenues caused by overcapacities at our customers.

Arne Dehn, CEO of STEMMER IMAGING AG, comments: "We feel confirmed in our strategic transformation towards a systems house for the machine vision industry, as we have succeeded in improving our gross margin and EBITDA profitability once again in a very challenging market environment and achieved a remarkable result, which, adjusted for extraordinary expenses, is higher than in the previous year. The economic slowdown that we have been experiencing since the second half of 2023 has not led to a fundamental weakening of the market drivers in the machine vision industry, but merely to a temporary shift in demand."

The figures published in this press release are preliminary and unaudited. STEMMER IMAGING AG will publish the final financial results for the 2023 financial year and the forecast for 2024 on March 28, 2024.

 

About STEMMER IMAGING
STEMMER IMAGING is the leading international systems house for machine vision technology.

With a background of all-round engineering expertise, STEMMER IMAGING delivers the entire spectrum of machine vision services for both, industrial and non-industrial applications – from value-added services to the development of subsystems and its own products, based on an extensive commercial range of products.