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DGAP-News: STEMMER IMAGING AG / Key word(s): Capital Markets Day
Puchheim, October 5, 2021
- STEMMER IMAGING takes positive stock of medium-term targets communicated in 2019
- Medium-term targets specified: Revenue growth aimed for EUR 200 million by 2024 and average EBITDA margin raised to 12-14% over the medium term
- Set of measures for stronger segmentation and focus on Distribution and Solution Business
- Greater importance of sustainability topics
- Uwe Kemm confirmed in his Executive Board role as COO until the end of May 2026
The company will provide analysts and investors with an update on its medium-term targets for the next few years, giving more specific details. Starting from the revenue and profitability targets stated at the previous Capital Markets Day in 2019 with a three- to five-year horizon, the company is now aiming to reach the revenue target of EUR 200 million in 2024 and has also increased its earnings range from 10-12% to now average 12-14% over the medium term.
In its presentation, the management outlines the concrete implementation plans to further expand STEMMER IMAGING's existing presence in attractive growth markets over the next few years.
Based on the successes achieved in industrial and non-industrial end markets, the company sees itself well positioned to benefit from the increasing investments in machine vision technology for industrial automation, such as for e-mobility solutions, new application areas in Sports & Entertainment based on strongly developing innovative digital offerings, as well as the changing requirements of supply chains in terms of sustainability. In order to exploit the opportunities that arise, the company aims to take advantage of these growth opportunities by sharpening its service portfolio, focusing on the two areas of Distribution and Solution Business.
The Management also emphasizes the focus on sustainability in connection with future customer business. Today, 95% of all STEMMER IMAGING revenues already make a positive contribution to the UN Sustainable Development Goals (SDG). The company is systematically expanding the focus it has been pursuing since 2019 in this area and is aiming for a value of 100% as a medium-term perspective in order to balance its business activities in line with the 360-degree view for all stakeholders.
The company also announces that the contract of Uwe Kemm as Chief Operating Officer has been extended by the Supervisory Board until the end of May 2026. The Supervisory Board has thus sent a clear signal of stability and continuity in the management of the company.
"Since the last Capital Markets Day, we have consistently worked on the alignment of our corporate activities and are already presenting strong results after two years. We are now consistently building on this and are today presenting a set of measures to further focus our business model. We are concretizing our ambitious growth target of EUR 200 million for the year 2024, with an average EBITDA profitability of 12-14% over the medium-term period. The sustainability agenda of our company gains particular importance for us. With the extension of Uwe's contract, the focus is fully on the implementation of our goals presented today," says Arne Dehn.
In its presentation, the management addresses both financial and operational aspects of achieving the specified medium-term targets and provides detailed insights into the measures for implementation in sales and marketing and the technology roadmap. In addition, the management provides an overview of the structure for a more extensive and comprehensive range of services offered by the company.
With this alignment of its business activities, the company is focusing more consistently than before on growth through the structured development of its Solution Business with innovative offerings in clearly defined end markets such as Mobility, Sports & Entertainment and Food & Agriculture, while at the same time accelerating the switch to digital offerings in its Distribution Business.
The full presentation materials for the Capital Markets Day 2021 can be found at www.stemmer-imaging.com in the Investors section.
STEMMER IMAGING will publish its third quarter results on 10 November 2021.
Clients value STEMMER IMAGING as a trusted advisor, positioned to deliver tailored solutions. These include components that can be pre-configured where needed, sub-systems designed to reduce time and effort when integrating vertical applications, and customer-specific solutions delivering a competitive advantage to predominantly OEMs - all powered by renowned knowledge and leading software tools including the company's machine vision library "Common Vision Blox".
VISION.RIGHT.NOW. symbolises the STEMMER IMAGING mission to make machine vision easy and accessible, empowering customers to deliver world-class solutions.
05.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
STEMMER IMAGING AG
+49 (0)89 - 809020
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
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