STEMMER IMAGING Announces Dividend and Market Entry into North America

STEMMER IMAGING AG reported their finalized financial outcomes for the fiscal year 2023, indicating strong financial and balance sheet figures, including a proposed €2.70 dividend per share and the acquisition of Phase 1 Technology Corp in New York, marking their expansion into the North American market.

Despite a market downturn, the company saw a record gross margin of 39.7% and an EBITDA of €27.0 million, with a slightly decreased revenue of €146.3 million. Inventory was significantly reduced, and free cash flow increased, contributing to the firm's robust financial standing.

STEMMER IMAGING's strategic positioning and focus on value-added offerings have facilitated these results, even amid reduced market demand in sectors such as food & agriculture and automotive. Nevertheless, growth was observed in transportation, logistics, and medical equipment segments.

The annual report highlighted a notable decrease in inventory value and confirmed the company's commitment to sustainability with an Ecovadis Silver rating. Employee and customer satisfaction remain high, illustrating the company's operational success.

Looking ahead, STEMMER IMAGING projects a cautious outlook for 2024 due to market uncertainties, with estimated revenues between €140-157 million and EBITDA between €24-31 million. The acquisition of Phase 1 Technology is a key milestone in STEMMER IMAGING's expansion strategy, signifying its entry into the lucrative North American market.