Record year
Stemmer cracks the 100 million euro mark
Stemmer once again achieved record figures in the 2017/2018 financial year. Turnover rose by 14% to 100.63 million euros, exceeding the 100 million euro mark for the first time in the company's history.
Stemmer announced in its annual report that the company's overall strong growth was primarily driven by the high demand for image processing solutions and automation components. This development is reflected in particular in the renewed increase in incoming orders. This increased by 15.6 percent to 106.93 million euros in the 2017/2018 financial year (previous year: 92.50 million euros). In particular, the Common Vision Blox image processing software developed by Stemmer is enjoying increasing demand.
The company also achieved inorganic growth. The integration of Data Vision (industrial image processing), which was acquired in the third quarter of 2017/2018 and consolidated from February 2018, is progressing successfully. The Dutch company contributed around 1.7 million euros to turnover.
For Stemmer, the 2017/2018 financial year was largely characterized by the IPO at the end of February 2018. The Group generated gross proceeds of EUR 51 million from the IPO.
Beyond the reporting period, the company has already succeeded in profitably investing some of the funds received. These include the acquisition of the French distributor Elvitec in July 2018 and the investment in the software provider Perception Park in October 2018. Perception Park is a provider of hyperspectral imaging software. The investment strengthened and expanded the software division. The cooperation with the Chinese company Nanjing Inovance Industrial Vision Technology, which was concluded in August 2018, represents an important strategic success on the path to international expansion. Stemmer is expanding into the automation market in China through its collaboration with the subsidiary of Shenzhen Inovance Technology. as
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