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STEMMER IMAGING raises earnings forecast for the full year

·2-min read

STEMMER IMAGING AG / Key word(s): Change in Forecast
STEMMER IMAGING raises earnings forecast for the full year

16-Dec-2020 / 17:32 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Puchheim, December 16, 2020

STEMMER IMAGING raises earnings forecast for full year

Puchheim, December 16, 2020 - Based on preliminary results for the month of November and the present revenue development in December, the Management Board of STEMMER IMAGING AG (ISIN DE000A2G9MZ9 / GSIN A2G9MZ) is today adjusting its earnings forecast for fiscal year 2020 upwards.

Based on a more precise full-year revenue level of EUR 104 to 105 million (last forecast: EUR 100 to 105 million), the operating result (EBITDA) in the present financial year is currently expected to be between EUR 5.5 to 6.5 million (last forecast: EUR 3 to 5 million) and thus in the upper half of the forecast of April 21, 2020 (EUR 3 to 7 million).

Due to the late lockdown in the company's key markets and the simultaneous easing of Covid-19 restrictions in other important regions in Europe, customers were able to complete their projects at the end of the year, which resulted in project call-offs with a higher-margin share of value added services for STEMMER IMAGING. At the same time, the measures implemented in the third quarter to focus the company on its strategic goals are supporting the continued positive earnings trend.


Contact:

STEMMER IMAGING AG
Arne Dehn
Chief Executive Officer
Gutenbergstr. 9-13
82178 Puchheim
Phone: +49 89 80902-196
ir@stemmer-imaging.com
www.stemmer-imaging.com

16-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

STEMMER IMAGING AG

Gutenbergstr. 9-13

82178 Puchheim

Germany

Phone:

+49 (0)89 - 809020

E-mail:

ir@stemmer-imaging.com

Internet:

www.stemmer-imaging.com

ISIN:

DE000A2G9MZ9

WKN:

A2G9MZ

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1155794


 

End of Announcement

DGAP News Service

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