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STEMMER IMAGING delivers the basis for a record year in 2021 with further improved quarterly figures

Puchheim, November 10, 2021 – STEMMER IMAGING AG (ISIN DE000A2G9MZ9 / GSIN A2G9MZ)
today publishes its figures for the first nine months of the current fiscal year and the third quarter of 2021.

STEMMER IMAGING AG has once again presented exceedingly positive figures and has been able to continue the growth trend of previous quarters.

Order intake for the first nine months reached a record EUR 121.2 million, up 49.1% year-on-year and 39.2% year-on-year in 2019. For the third quarter, order intake amounted to EUR 38.4 million. This represents an increase of 36.7% year-on-year and an increase of 19.6% compared to the third quarter 2019. The book-to-bill ratio remained strong at 1.1 despite the significant increase in revenue in the third quarter.

Revenue in the first nine months reached EUR 99.5 million, up 28.6% year-on-year. Compared to 2019, revenue increased by 12.2%. For the third quarter, revenue of EUR 34.8 million were up 38.3% year-on-year, benefiting from the dynamic market situation. Despite the tense global supply situation, the revenue level increased by a further 5.5% compared to the second quarter of the current year. In the end markets segments, there was above-average growth in the Sports & Entertainment and Electronic segments over the first three quarters, as well as a positive development in the Transport & Logistics, Factory Automation and Automotive segments, both in comparison with the same period of the previous year and in comparison with 2019.

The industry association VDMA reports market growth in machine vision of 7% in Germany and 2% in Europe for the first nine months of 2021. According to the VDMA, order intake rose by 21% in Germany and by 0% in Europe. STEMMER IMAGING was thus significantly above the VDMA industry figures in terms of both revenue and order intake.

The operating result (EBITDA) increased by 208.4% to EUR 12.5 million in the first nine months of the current fiscal year (9M 2020: EUR 4.0 million). The EBITDA margin for the first three quarters amounted to 12.5% (9M 2020: 5.2%) and is thus within the target corridor of the mid-term guidance of 12-14% on average in the period until 2024. The increase in earnings is mainly due to the particularly strong sales expansion and the significant improvement in the gross margin with simultaneously adjusted cost levels.

The operating cash flow in the first nine months of 2021 was EUR 7.99 million. The higher figure than in the previous year (9M 2020: EUR 7.4 million) is influenced in particular by the increase in working capital due to the strong growth.

The globally strained supply situation continued in the third quarter of 2021 and, with the ongoing shortage of raw materials and intermediate products, continues to counteract even stronger growth. Measures in procurement and warehousing as well as order processing were able to partially offset these effects. Cost increases due to the delivery situation were successfully cushioned in the nine-month period or countered with price increases.

Based on the current figures and estimates for the fourth quarter of 2021, the company expects to achieve its 2021 revenue and earnings guidance, which was raised in August, at the upper end of the range of EUR 123-131 million for revenue and at least at the upper end of the forecast range of EUR 12.2-15.4 million for EBITDA. The signs are positive that the full-year earnings forecast will be exceeded. From the company view however, there is not yet sufficient stability to raise the EBITDA forecast and there are still countervailing risks due to the aforementioned supply bottlenecks and the resulting potential expenses.

“The 2021 fiscal year has developed extremely positively for STEMMER IMAGING so far, despite the difficult global supply situation. We can present excellent figures for both revenue and earnings for the first nine months and look forward to a record year 2021. Thus, the announced growth based on our strategic roadmap, which we further specified at our Capital Markets Day in October, is already clearly evident this year. ”

STEMMER IMAGING AG’s quarterly report as of September 30, 2021 is available for download at in the Investors section.

STEMMER IMAGING is a leading international machine vision technology provider. With staff located across Europe, Latin America and Asia, the company provides state-of-the-art machine vision solutions, extensive knowledge and outstanding customer service.
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.

Arne Dehn
Chief Executive Officer
Gutenbergstr. 9-13
82178 Puchheim
Phone: +49 89 80902-196

Linda Lenz

"Creativity and perfection are not mutually exclusive, but complementary."

IR Consultant at CROSS ALLIANCE since 2021.
Linda Lenz’s core competencies are public and influencer relations as well as project management.
With a a M.Sc. degree in Strategic Communication and PR and a B.A. in English Studies and Communication and Media Studies, she is fully committed to her clients because she always insists on doing the job right.
4 years of experience in Public Relations and Influencer Relations expertise in the Automotive and Energy Special Supporter ESG industries.

Jens Jüttner

"Designing a customised communication strategy for clients is what drives me. Their success is my reward."

Jens Jüttner has extensive experience in news and business journalism across all presentation formats and channels. As an investor relations consultant, he devotes his energies to the regular communications of listed companies and also provides support with their media relations activities.

Senior Consultant at CROSS ALLIANCE since 2018
BA in Journalism / Banking Officer
Five years as a member of the editorial team of business and investor magazine FOCUS-MONEY
Three years as Head of Department for “Week”
Extensive experience in writing advertorials
Shortlisted for the Alternative Media Prize 2013
Social Media Manager (Chambers of Industry and Commerce) – final project: Development of a hybrid social media campaign for LinkedIn and Twitter for an IR and media agency

T: +49 89 125 09 03 32

Markus Horntrich

"My maxim to ensure optimum performance on all your communications issues: Get up early, give it your all and work hard."

Markus Horntrich is a stock market enthusiast and, as a former editor-in-chief, has extensive experience in financial journalism and a broad network, which he uses as a basis for all aspects of PR/IR communication.

Economics graduate
Self-employed PR/IR consultant and Senior Consultant at CROSS ALLIANCE
19 years at investor magazine DER AKTIONÄR
8 years as editor-in-chief at DER AKTIONÄR

T: +49 89 125 09 03 30
M: +49 170 321 42 26

Michael Lang

"As a former editor-in-chief and full-blooded journalist, a matter particularly close to my heart is ensuring that our clients get noticed in just the right way in the media."

As an experienced business journalist, Michael Lang uses his extensive network in the financial community to give clients the best media relations.

Partner at CROSS ALLIANCE since 2013
Self-employed professional in investor relations since 2010
Head of IR at IBS AG (Prime Standard) for four years
Ten years as a member of the editorial team of financial magazine DER AKTIONÄR (“2010 award for investor magazine of the year”), acting as editor-in-chief and deputy editor-in-chief, in both positions for three years
15 years of experience in financial journalism
Degree in Business Mathematics, Bayreuth University

T: +49 89 125 09 03 34

Susan Hoffmeister

"I support every company with communication just as I do my own. That's my biggest motivation."

Managing Director Susan Hoffmeister supports listed companies with their investor relations and ESG.

Founder & Managing Director of CROSS ALLIANCE communication GmbH
Degree in Business Administration, BA in Finance & Accounting, MBA
Self-employed entrepreneur in investor relations since 2006
Deutsche Börse qualified Supervisory Board member since 2017
Member of the Supervisory Board of LEHNER INVESTMENTS AG
Head of Corporate Communications at Siemens London for five years
Head of IR at various listed companies in the software and IT industry for six years
Extensive IPO experience

T: +49 89 125 09 03 33

Sara Pinto

"My motto is 'Create value through communication'. My international professional background helps me to achieve this. I work with clients to get them the best results."

As ESG analyst and investor relations expert and member of the Cross Alliance team, Sara Pinto places particular emphasis on providing her clients with in-depth consultations and on strategic communication. Her specialist area is sustainability.

Head of ESG and Director, since 2019 Consultant at CROSS ALLIANCE
EFFAS Certified ESG Analyst / MA in Business Administration & Management
Five years as Market Research Manager at FOCUS-MONEY
Extensive experience in B2B sales
Expert in CSR and ESG – contact person for sustainability strategy development, implementation of ESG criteria in corporate communications, and sustainability reporting
Language proficiency: Italian (mother tongue), German, English, Spanish

T: +49 89 125 09 03 35

Sven Pauly

"I develop innovative concepts for our clients, which actively contributes to their success."

With many years of experience in TV news production, Sven Pauly specializes in reporting, rule communication of listed companies as well as in the areas of equity/debt investor relations and dual/multiple listings.

Head of Financial Reporting and Director, with CROSS ALLIANCE since 2016.
MA in Corporate Communications/PR
Consultant for investor relations and corporate communications
Extensive experience in capital market consultation
Has held roles in designated sponsoring and public affairs
Over ten years of experience in TV news production

T: +49 89 125 09 03 31